Question: 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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