Loop/Prompt Library / Learn: Bitcoin & crypto
💬 AI prompt: Cost basis is everything
'Cost basis' is what you paid, and your tax is based on the difference between that and what you sold for.
Copy this prompt
Here are transaction exports from [platforms]: [upload]. Combine them into one table with date, type, amount, USD value, fees, and running holdings. Flag transfers between my own accounts and any rows missing a cost basis. Do not calculate my tax or give tax advice. Stop after the table and flags.
How to use it
- Open Grok Bot, ChatGPT, Gemini or Claude — any of them works.
- Paste the prompt and fill in every [bracket]. Black out names, account numbers and member IDs first.
- Read the answer and double-check anything important before you act on it.
Not medical, legal or financial advice. The AI drafts; you decide and you press send.
More prompts like this
One-minute challenge: Bitcoin & crypto
Your first try at using AI on this topic.
What Bitcoin actually is
Bitcoin is money that lives only on computers, and no bank or government is in charge of it.
Why 'address balance' can mislead you
Some websites show bitcoin balances in a way that can confuse you, so check the actual transaction, not the summary.
Seed phrases: the master key
Your wallet gives you 12 or 24 backup words, and anyone who sees them can take everything.
Wrong-network losses
The same digital dollar can travel on different 'roads', and sending it down the wrong road can lose it.
Address poisoning
Scammers make fake account numbers that look almost like yours, hoping you'll copy the wrong one.