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Camila is a single tax payer and is filling her 2019 tax return. Camila bought 2 crypto back in 2017 for $6,000 and proceeds of
Camila is a single tax payer and is filling her 2019 tax return. Camila bought 2 crypto back in 2017 for $6,000 and proceeds of $15,000.
Camila borrow the 6,000 to buy the 2 crypto bavk then and now she payed back the loan in 7,000
A. How does Camila report it in her tax return Schedule D
B.how does she report the interest of 1,000 (borrow 6,000 and had interest of 1,000)=7,009
Explain the answer and show calculations
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