Yes, it was a mistake buying for a friend, I know. I've held onto his BTC since then but I want to give it back to him so I don't have to deal with it anymore.
I did note the exact date I bought it, how much BTC, and much my friend sent me to buy it. However, his BTC got 'mixed in' with mine, which I've been adding to and selling from since 2017. I've been using Koinly for tax reports for the past few years, and use HIFO as my cost basis method.
Do I sell the BTC and give him cash back, or send him the BTC? Who pays taxes on it, and how do each of us report it on our taxes? Any advice is appreciated.
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