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For example, if you bought one Bitcoin for 1,000,000 THB and later sold it for 1,500,000 THB, your capital gain is 500,000 THB. Easy, right? However, it often gets more complex. Let's dig deeper: the cost basis is the price you originally paid for your crypto, including any fees like trading or transaction fees. If you purchased crypto on different dates and at different prices (dollar-cost averaging, anyone?), you'll need to figure out the cost basis for each transaction. When you sell, you need to match each sale with its corresponding purchase. There are a few different methods you can use for this, such as the *First In, First Out* (FIFO) method, where you assume the oldest crypto you bought is the first you sell. Or, you can use the *Weighted Average Cost* method, where you calculate the average cost of all your crypto holdings. Tax regulations may favor or mandate specific methods, so it's best to confirm the preferred method with the latest guidance from the Thai Revenue Department or a tax advisor.
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* **Misconception:** Self-employed individuals don't have to pay **Medicare** taxes.
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You'll also have to designate a **registered agent**. This person or entity is responsible for receiving official legal and government documents on behalf of your LLC. They must have a physical street address in the state where you’re forming your LLC and be available during normal business hours. Choosing a reliable registered agent is essential because they’re your first line of defense for important legal notices. Finally, you might need to provide a **brief statement of purpose**. This outlines the general type of business activities your LLC will be involved in. This doesn't have to be super detailed, but it should give a general idea of what your business does.
