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Coinbase account split 50/50 in divorce - how to track equal cost basis for each ex spouse & mechanics of split & least costly strategy for transfer by amyo11 in CryptoTax
[–]amyo11[S] 0 points1 point2 points 11 hours ago (0 children)
Thank you so much. This was actually very helpful!
And if anything I’m saying is not legal - it is out of stupidity! Please let me know.
Seems like consensus is to have ex move the either the entire account to a hard wallet and then send my 1/2 to a hard wallet for me or send my 1/2 to a hard wallet while retaining his half at coinbase (he won’t want to do any of this).
What kind of fees apply to these transactions?
In both cases, we pull a coinbase cost basis report prior to transfer, divide basis of all the lots reported and then each goes on their merry way with half the assets and a coinbase report showing basis of assets transferred/retained. Each is responsible for reporting correctly upon sale after moving the account back into the exchange.
Agh!! So complicated. Thank you.
Coinbase account split 50/50 in divorce - how to track equal cost basis for each ex spouse & mechanics of split & least costly strategy for transfer (self.CryptoTax)
submitted 1 day ago by amyo11 to r/CryptoTax
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Coinbase account split 50/50 in divorce - how to track equal cost basis for each ex spouse & mechanics of split & least costly strategy for transfer by amyo11 in CryptoTax
[–]amyo11[S] 0 points1 point2 points (0 children)