So I can just put the aggregate cost basis across all trades for a single coin in a single row on this tax form such that if I only traded btc/eth/ltc/bch, I would only have to fill in 4 rows right?
So I can just put the aggregate cost basis across all trades for a single coin in a single row on this tax form such...
Jace Scott
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Andrew Brooks
for every. EVERY trade
Ryder Morales
no
Benjamin Parker
they won verify nothing
Zachary Bailey
I know. I just want to report some now so that in the years to come, if their kike fiat ponzi inverted pyramid schwindler scam is still running, they can't say I evaded taxes.
pic related would be a good format right?
makes it easy for the irs niggers and me too
Austin James
Only post trades where you made a loss. Unless you're Polish, in which case sell everything and file nothing.
Matthew Nguyen
just fill in whatever the fuck you want then.
write niggers in every box
Lucas Garcia
No goy, every trade
Luis Perry
no. every taxable event (sale / trade for alt) has its own line. many crypto traders have 100 or so pages of trades
Evan Garcia
kys. i'm sick of this shit. everyone I know reports fiat gains only.
Leo Kelly
You can only aggregate if you got a 1099-B, which noone did because crypto isn't reported that way.
Nolan Morris
>every trade
>trade bots make 100's of pages of trades a day
haha i'm so glad i'm not one of those faggots
Isaac Bell
>those digits
pic related has spoken
Carson Rogers
Which is better to use? the 1040 schedule d or the 8949 like pic related in irs.gov
Brandon Turner
Every trade where you made a profit. They don't care about losses.
Nolan Davis
You use both. Look at the second arrow on the 8949.
>File with your schedule D
You should also be reporting your holdings of more than $10000 on foreign exchanges with FINCEN forms.
Jackson Anderson
oh shit
thanks for the help, user!
Luis Bennett
>You should also be reporting your holdings of more than $10000 on foreign exchanges with FINCEN forms.
I've never heard of this, any more info?
Recently learned that certain transactions of gold coins above a certain value need to be reported.
Lincoln Sullivan
FYI there's a way around filling out hundreds of pages of the schedule d if you still provide all the same information. I forget what this is called though, but it's an option on bitcoin.tax
Adam Diaz
Basically if you don’t file and they find out, it’s a $10k fine and possible jail time. You’re supposed to report if you have money in foreign accounts.
Ayden Robinson
these goddamn kikes man