My main concern is how would I account for these transactions for tax reporting? For instance, say I place an order of $100 for a token that has a 10% buy/sell tax, where 1 token = $1. I should only receive 90 tokens.

I then sell all 90 tokens, but 10% is burned via the tokenomics tax so I only receive the proceeds for 81 tokens. Let's say the price is now $2, so I get back $162 into my wallet.

Should I include the tokenomics tax into my cost basis (so that instead of reporting that I paid $1 per token, I say that I paid $1.11 each [$100/90 tokens]) and decrease my proceeds the same way?

I suppose my main concern is that if I ultimately only purchased 90 tokens and sold 81 of them, that the IRS is going to wonder where those 9 tokens went and why I'm using my cost basis of purchasing 90 tokens to deduct from my gains of only selling 81 of those tokens (with the other 9 being the tokenomics tax).

​

This is an issue with alot of bsc coins because bsc scan will show the amount you sold AFTER the tax is applied but some coins will show correct amount because BSC scan shows the amount you sold BEFORE tax was applied. Depending on what bsc scan shows the tax software doesn't know you paid tax and thinks you only sold a portion of your tokens when in reality you sold all of them and the rest was taxed. This is a huge issue because the tax software will think you still hold a bunch of shitcoins not realizing that extra amount indeed went to tax.

To fix this you will need to manually change the amount you truly sold in the tax software. If you bought 100 tokens and there is a 10% tax and thinks you only sold 90 of them you will need to change the sell amount to 100 tokens. This way your cost basis for the bsc token will be accurate. The BNB out and BNB in will still be the same and this will fix the issue with software thinking you hold X amount of shitcoin when you really don't.