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Janine converted $700 into Ethereum in March of 2021. In January of 2022, when the value of her holding had increased to $2,000, she decided
Janine converted $700 into Ethereum in March of 2021. In January of 2022, when the value of her holding had increased to $2,000, she decided to purchase a new smartphone using Ethereum. She spent the entire holding on the smartphone. How will Janine report this on her tax return
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