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Vivek converted $ 2 , 5 0 0 into E - Coin in November 2 0 2 2 . In October 2 0 2 3

Vivek converted $

2, 500

into E

-

Coin in November

2022 .

In October

2023,

when the value of his holding had increasesd to $

4, 000,

Vivek decided to purchase a watch using E

-

Coin. He spent the entire holding on the watch How will Vivek report this on his tax return?

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