Describe the problem:
Tax calculation for a common wallet shared between husband and wife
Which exchange/wallet is this regarding?
BTC
How did you import data into this wallet?
CSV
What have you tried to fix this so far?
Added all transactions on one side and trying to share the capital gains
As we were new to crypto, my wife and I used the same wallet and did transactions like below.
This is now causing problems in tax calculations.
How to enter these transactions please?
Can all these be entered on one person’s side (eg wife account) for the transactions to tally all in one place.
And how to share the capital gains between us?
Is there any simple way please?
Should we use the gift / cost basis option please?
How to set that?
The below are the transactions example in our common wallet.
Please kindly help so we can submit the tax on time,
|To Wife Binance|2021-01-08|BTC|OUT|
|From Husband KuCoin|2021-01-06|BTC|IN|
|To Wife Binance|2021-01-04|BTC|OUT|
|To Husband KuCoin|2021-01-04|BTC|OUT|
|To Husband Binance|2021-01-04|BTC|OUT|
|From Husband KuCoin|2020-10-11|BTC|IN|
|From WIfe Binance|2020-08-17|BTC|IN|
|From Husband KuCoin|2018-04-23|BTC|IN|
|From Wife Coinbase|2018-04-23|BTC|IN|