>each crypto to crypto trade is a taxable event, in which you need to calculate the fair market value of the transaction
So, how do I do this reasonably?
Each crypto to crypto trade is a taxable event, in which you need to calculate the fair market value of the transaction
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no problem user, just call idex customer support on their 1 800 number and request them to fax over your trading transcript
bitcoin.tax, then send the govt 500 pages of transactions so they can have fun
Shoot anyone that trespasses on your land
Bitcoin.tax. I converted it to excel and took it into H&R Block. Thousands of trades, didn’t matter, it was still ez to deal with.
> Tens of thousands of transactions across possibly 10-15 coins.
> Lived in another country for half the time and the other half came back to the USA. (More complex taxes)
> Massively fucked during the bear market.
> Have been broke as fuck and nearly homeless ever since coming back to the USA.
> Have not done my taxes ever since coming back to the USA.
I am actually legit considering suicide at this point. It was a good run anons. But I don't even want to know what the tax man is going to decide to say and I really have nothing left to lose.
you don't
Like this, I mean why would you? It's not Fiat, it's crypto, I don't get taxed for trading my bike for a big mac why should I get taxed for exchanging another crypto
I was thinking about doing this, but if you happened to just do taxes on the buy in and sell out, treating the crypto as stocks, then there's going to be a huge discrepancy between the amount of crypto you purchased and the amount you sold. It seems like the IRS will try to fuck you on this.
I'm prepared for them to fuck me for anything, I'll take the cryptocrypto tax just to be safe but one sure there's some obscure law they're going to push before tax season to fuck people over because the fed is king jew