Tracking BTC Purchases for Tax Purposes

Description:
Track each BTC purchase by the user, recording the amount and the purchase date to manage the 1-year holding period required for tax exemption.

Requirements:

• Transaction Logging:

  • For every BTC purchase, log the transaction amount (X BTC) and the exact purchase date.

• Holding Period Management:

  • Implement a mechanism to calculate the 1-year holding period for each purchased BTC amount.

• Data Storage:

  • Store UTXO (Unspent Transaction Output) details associated with each BTC purchase to track their individual holding periods.

Acceptance Criteria:

• All BTC purchases are accurately recorded with the correct amount and date.

• The system correctly calculates and updates the holding period for each UTXO.