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0 sats \ 2 replies \ @037447d9ca 27 May 2024 \ on: Clams: Accounting Software for Bitcoiners bitcoin
how do you account for fees and unspendable UTXOs?
From their FAQ:
“How are transaction fees treated?
Technically, those are considered a spend. So cap gains or losses must be calculated and reported.”
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I'm not an accountant, but I bet that those fees can be used to reduce your cost-basis. I know a similar thing works with mutual funds that have redemption/buy-in fees.
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