============================================================= UPHOLD 2025 - TAX CALCULATION Per 1099-DA: $477.72 Proceeds ============================================================= THE ONLY TAXABLE EVENT: ------------------------------------------------------------- Dec 17, 2025 Swap: USDT > XAG (Silver) Units: 477.843783 USDT Proceeds: $477.72 COST BASIS: 477.843783 USDT transferred IN from Tron on Dec 13, 2025 @ $1.00/USDT (stablecoin) Cost Basis: $477.84 ------------------------------------------------------------- (1) COST BASIS: $477.84 (2) GAIN / LOSS: -$0.12 (essentially ZERO) ============================================================= THIS IS THE BEST POSSIBLE OUTCOME. USDT is a stablecoin pegged 1:1 to USD. You swapped $477.84 worth of USDT for silver and received $477.72 - a $0.12 LOSS. Reportable but no meaningful tax liability. ============================================================= NOTE: Weekly XAU (gold) purchases via credit card are NOT taxable events - those are buys, not sales. =============================================================