Question: therese converted $ 1 0 , 0 0 0 into bitcoin in November of 2 0 2 1 , In July 2 0 2 3

therese converted $10,000 into bitcoin in November of 2021, In July 2023, she noted the value had increased substantially. On July 10 at 10:00 am she sold all of her holdings for $30,000 and used all of it to purchase a new car. How will Terese report this on her tax return?

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