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The original was posted on /r/cryptocurrency by /u/aodmisery on 2023-12-19 19:16:11+00:00.

So I been collecting cardano for a couple years now. Since the last bull run even through the crypto winter. So I have bought in at all different prices. I’m currently holding it all in a wallet. My average price is .88 cents so at that price I can cash out even Stevens. If I transfer my coins to coinbase and sell them at 1 dollar. How does the government know I made the difference between the .88 and 1 dollar? Do they just go by what price cardano was when I transferred them into coinbase versus what I sold them at?