Related Posts
Any tax prep/review recommendations for MD?
Jesus the housing market is impossible
More Posts
Lol. Would love a BS reaction on LinkedIn
Coronavirus Positivity Stats...(contd)
What does professionalism mean to you?
A doggo pic to unlock DMs. Thank you! 😎
Additional Posts in Everything crypto
Is doge coin worth investing in?
What are you farming?
Digibyte founder is West Point Grad👏!
Pro
You’re overpaying taxes so I doubt you’ll run into trouble
Chief
Not a tax guy but I can’t imagine IRS auditing you to a result where they owe you a refund.
Also wouldn’t think you would need to attach any statement. It’s inherent in the $0 cost basis
Yes, they could. Please see my reply.
Are you saying gains of $200 or you only invested $200? How much gain have you recognized?
SA1 correct. Specific ID research to save $40 on a trade that earned me $59k just seems stupid
One thought is that if you have 0 cost basis, technically that could mean you mined that BTC? And in that case it would be considered income/short term capital gain vs a long term capital gain.
So I would suggest to try to determine some cost basis so you don’t fall into this scenario.
What’s your rate CSM 1?
I created a tax crypto software 2 years ago. There are a handful of them out there. Why don’t you just use them to find your cost basis?
Unless you did something crazy like an off exchange transaction they should solve your issue
The post says they're off exchange transactions. We're talking mixed lots in multiple wallets, transfers into mt Gox when we all thought that was the hot new thing...I simply don't have the records to use those programs
Related question, new to crypto, will Coinbase give me a 1099 at the end of the year? I’ve been trading for the last couple months and am up about $850.
Then take a look at this: https://bitcoin.tax/