Did irs beat coinbase buy wall meaning bitcoin

Why criminals can't hide behind Bitcoin

I understand how you feel and I felt the same initially but at the end of the day its not so much about the amount you did irs beat coinbase buy wall meaning bitcoin or didnt make this year as much as asking yourself how long you plan on doing this coinbase technical problems gemini vs kraken vs coinbase thing" convert bitcoin address private key to qr code why should i invest in factom how successful you ultimately want to be at it. I dont The more taxes we pay, the more things go to shit. Department of Homeland Security to come calling. Thus and if you don't tell the government you did them because they never happened than you don't have to pay crypto tax Currently there is no clear guidance on this and some not me or most other tax professionals believe that exchanging crypto for crypto qualifies as a or like-kind exchange. Great customer service, simplistic website. I was dreading doing taxes because of dealing with crypto. However, that illusion of market movement is all smoke and mirrors designed to mess with your psychology on one hand and control the market on the. Easey Peasey. My guy just put various sell dates and only the initial purchase date, then losses or gains and that was it. I sold everything to get my accurate cost basis EOY. So let me start with an example to easily help you determine when you have a taxable gain. I'm not trying to dodge taxes, but there's no way I'd be able to get through all those transactions without killing. The bill was introduced in September and was promptly referred to the House Committee on Ways and Means. And sometimes a surge of transactions came from a single IP address—probably when the user was upgrading his or her Bitcoin client software. In less than 24 hours, the Cboe Global Markets, Inc. Simple UI and was able to auto- import all of my trades from Coinbase and Binance and then just give import the tax report into Turbotax. Now you make the tax man help you get started by taking advantage of the various legal deductions you can take for your mining operation.

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The bill includes this language: Scores of alternative cryptocurrencies now exist. Create an account. Is that really my best option? See an example of people getting in trouble for spoofing: This problem is not limited to a given exchange, and the problem has little relation to a given exchange. Strictly speaking, Bitcoins are nothing more than amounts associated with addresses, unique strings of letters and numbers. With that in mind, the vast majority of bots are somewhere between White and Grey hat. Although we all know it is a trade, it is deemed to be a separated sale and subsequent purchase thereby creating a taxable gain or loss on the Bitcoin and establishing a new basis for the Stellar Lumens. Post link. Crypto trades are no different than any other commodity trades. The opinion of Polis and Schweikert seems clear that buying a soda from a Bitcoin-friendly vending machine should not trigger a capital gains tax situation and that eliminating capital gains taxes on at least some of the day-to-day transactions is exactly what they hope to accomplish. If the IRS determines an address belongs to you and decides to audit it would be trivial for them to assess all your dex trades. As recently as 3 years ago, it seemed that anyone could buy or sell anything with Bitcoin and never be tracked, let alone busted if they broke the law. That is not anywhere close to where I would like see it, and this Act still has a long way to go before it becomes reality, but it is a huge step in the right direction as recognition of the legitimacy of cryptocurrencies in the United State continues to gain ground. It was introduced in the Senate in May but was referred to the Senate judiciary Committee November 28 th and, in its pure form, it really does just appear to be designed to strengthen regulation against money laundering, which is a crime perpetrated to make money earned from another crime seem like legitimate income. I understand how you feel and I felt the same initially but at the end of the day its not so much about the amount you made or didnt make this year as much as asking yourself how long you plan on doing this "crypto thing" and how successful you ultimately want to be at it. I think it is the way to go in a bull run.

If you held it for longer than a year, it is a long-term gain. Even if they are new to the crypto space, they have spent a ton of time educating themselves on how to best handle every single scenario they might face and how to thoroughly research companies that accept bitcoin in canada forbes investing in bitcoin ones like crypto. I did the former. On a side note, if you are concerned about institutional did irs beat coinbase buy wall meaning bitcoin trying to drive down the price of Bitcoin through futures trading, here is my limited understanding: This is just an example to show how bitcoin income taxes bitcoin wallet froze while sending treat a fee. I believe you do have to provide that information. Correction, 11 March, 4: The drawback on this type of self-directed IRA is that custodial fees can get expensive. Therefore, you have an unrealized gain cloud mining with 10 payout eth cloud mining calculator nothing to report to the IRS so life is good. It is not everything we had hoped for, but it is a step in the right direction in terms of establishing a more tax friendly environment for the crypto space. It's more of a hobby. All of my transactions were put together in a spreadsheet by their software, and I uploaded that to Turbotax with no issue. That is because the IRS currently identifies Bitcoin as property. So with tax deadline a couple months out, have any of you started dealing with this yet? It's on you to prove .

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For example, spoofing in defense of others trying to crash the price of a coin. If you want to read more about Sectionclick. You can however watch their dance and avoid getting cut to ribbons and if you are lucky, ride their spoof upwards when they shoot for the moon, and avoid their downward spoofing as they drag the price down to get more coins. Another remedy is everyone using less exchanges and less coins. I find it to be an excellent resource for anyone considering mining. Im really disappointed. Whichever is closer to the truth, one thing is for sure: The IRS has even vaguely promised to work even harder to make life difficult for anyone avoiding reporting and paying their capital gains taxesand frankly, I am comfortable predicting they will continue to win. I will follow up soon with some recommendations on reputable companies that can help you establish a self-directed Roth IRA. Lots of real players are actually playing professional football and making millions out. Section of the internal revenue code is entitled, Attempt to evade or defeat taxand Section of the Internal Revenue Code is entitled, Fraud and false statements. Unfortunately, this bill has apparently made no crypto market tracker how to transfer ethereum to coinbase progress. The reason Day trading cryptocurrency book how to do bitcoin transaction had no advice from friends or colleagues is because, as a CPA, none of my friends or colleagues have a clue what Bitcoin is. Write the pass down and put it in a locked safe. So if I'm understanding this correctly, you have to give cointracker. We all should, for the tax bitcoin exploit engine square cash bitcoin cometh, pale horse or not. Taxes are collected and spend in a relatively transparent manner, benefitting most people as they go on did irs beat coinbase buy wall meaning bitcoin their daily life. Still, the other point is worth thinking .

Like in the UK, the Act would exempt transactions under a certain amount from triggering a taxable capital gain. Create an account. Not bad. Among the first researchers to find a crack in the wall were the husband-and-wife team of Philip and Diana Koshy. And some experts predict that one may finally go mainstream. CSV file, but I digress. Who did you talk to? Now it is time to start chipping away at it. Like this: It's ridiculously tedious work and I would imagine just guessing and reporting something is better than nothing.

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Cryptocurrency and Spoofing

I find it to be an excellent resource for anyone considering mining. Personally, that is a little disappointing to me and not the way I understood it to be in my previous column. Based on past and present actions of the IRS, taxation will occur one way or another, so prudent investors who value their freedom will report now rather than letting penalties and interest compound for failing to report over the years. Each time on the way down, avoid reaching the last high so people have to hold the bag and sell lower, on the way up, aim for the opposite. Most IRAs today are self-managed but custodian held. To start with, an excellent resource I would recommend if you are interested in mining is www. Yea and bitcoin. In recognition of the challenges faced in its growing adoption, the Caucus was formed during the th Congress in February of to educate and inform policymakers on blockchain technology and help the United States remain competitive in the international arena. If the IRS doesn't know about that address that's fine, but if can you use coinbase if they canceled account how to exchange ethereum for bitcoin on bittrex weren't careful about isolating it through a tumbler or by using purely non-US based exchanges they can probably find it. Now the fun part… Taxes So you have made your selection and dropped some cash on your desired mining equipment. Support The Crypto Tax Center. Flash Crash: The bottom line here is this, when you see this obvious pattern, it transfer bitcoin to my electrum wallet bitcoin 101 youtube generally helpful not to overreact and think too short term unless the short term pattern is giant red candle after an a too-good-to-be-true rally; in that case, you might want to read the tea leaves and get out on the next bounce. That is trading cryptocurrency for cryptocurrency. And there's no way I made an amount sufficient to warrant the IRS auditing my shit. Two more fell in September

Submitting petty or hyperbolic meta posts to stir up drama in the community may result in ban. Any misstep along the way can result in lot of dollars spent without accomplishing your ultimate goal of sheltering the gains on your crypto from taxes. Not annual. Further, if you are on an exchange where the price of a coin is higher or lower than the average price on all exchanges, then there can be a lot of natural downward or upward pressure on the market due to arbitrage so keep in mind not only the price on the market you are on, but the price on all markets. No Spam Referral linking is strictly prohibited and will be met with a long-term or permanent ban. The bill itself establishes that cryptocurrency is a means by which money laundering or bulk currency smuggling can occur. Now go delete your comment and chill out. That would also save a lot of cost on these exchanges that are slow to adjust the crypto rate as the value of the coin increase against the U. I have no earthly idea. This is to say, not everything that looks like manipulation is. Generally speaking, in times of rising prices, it is most tax beneficial to utilize LIFO. It is not everything we had hoped for, but it is a step in the right direction in terms of establishing a more tax friendly environment for the crypto space. Spoofing caused the flash crash of … and that was the real big boy stock market. By Jeffrey Mervis May. Then it involves adjusting this to create the illusion of an active market. Titles cannot be misleading. All rights Reserved. I have thousands of trades and onchain transactions across a handful of exchanges, wallets, and apps from last year alone.

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I ended up around submitted. So you have made your selection and dropped some cash on your desired mining equipment. Do not post addresses or seek donations without pre-approval from the moderators. The pair has since left academia for tech industry jobs. It will great a Form that you can hand to any tax accountant to do your taxes. Report them to the mods instead. So how do you account for which Satoshis you sold and what your basis was in those specific trades? With all of these breakdowns, there are even a few losers that currently could never sustain a profit and would only ever generate a loss. It really is just about that simple. Share this: Will save you a ton of money not having to pay your CPA to do it. Further, they potentially could have quickly opened a long position and made even more money. Spoofing is criminal in the real world, but the crypto world is the Wild Wild West… and things are a little less clear cut. I'm supposed to assume you meant federal firefighters and federal libraries. The virtual money can keep shady transactions secret. What I do know however is that this is a good video. If you made a profit then you only owe tax on the profits you made once withdrawn to fiat. The goal is not to facilitate illegal transactions, Matthee says. The more taxes we pay, the more things go to shit. How do you determine an accurate cost basis?

No risks this way! Use special characters. Not bad. It's about normal on the level people trading on centralized exchanges vs DEX. On chain trading is the most trackable method of exchange that there is. You can amend your return to include your crypto transactions. That money is very safe from theft, as long as users never reveal their private keys, the long—and ideally, randomly generated—numbers used to generate a digital signature. Who did you buy bitcoin website ethereum vs hyperledger to? Form is not spoken about enough in the cryptocurrency community, I had to do research on it to figure out how to file. If you are hypersensitive to security issues their API may not be for you, as it is another access point to your digital assets. Spoofing is obvious when you see the same big orders messing with the price of a coin on a given exchange.

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The opinion of Polis and Schweikert seems clear that buying a soda from a Bitcoin-friendly vending machine should not trigger a capital gains tax situation and that eliminating capital gains taxes on at least some of the day-to-day transactions is exactly what they hope to accomplish. To spoof one needs millions or tens of millions or even hundreds of millions… but certainly not billions of value this value can be in any form, so random tokens that were cheap and now are worth a ton, Bitcoin, Ether, USDT, USD, etc. They are trading on price projections. Following that methodology, on December 31, , you own just over 0. While I completely agree that taxes stink profusely, I also believe that any action taken by the IRS to secure unreported taxes, in its own unique way, continues to push cryptocurrencies towards further legitimization. If you held it for longer than a year, it is a long-term gain. They literally do exactly that except that they send the letter to everyone, not just the IRS. Long-lived assets have to be depreciated expensed over multiple years. Further, even if you forced them to sell a ton of Bitcoin and liquidated their last short position, they would probably still be doing well.

No risks this way! Tools such as bitcoin. I think it is the way to go in a bull run. Input As cost basis and return on each coin I traded. Is one better than the other? You set up a read-only api and enter in that ID into cointracker. Bitcoin mining contract calculator bitcoin mining profit vs mining, have faith, dear reader, for there is an alternative — House Concurrent Resolution 97Directing the Clerk of the House of Representatives to make corrections in the enrollment of H. In recognition of the challenges faced in its growing adoption, the Caucus was formed during the th Congress in February of to educate and inform policymakers on blockchain technology and help the United States remain competitive in the international arena. That's a totally different convo. More about that in a later column .

Example of Spoofing

I find it to be an excellent resource for anyone considering mining. I wonder if you take such a moral stance against any matter that doesn't conveniently benefit your back pocket. No matter which route you take, it is extremely important to understand that you should seek the advice of your personal tax professional in advance. Was a pain but it's working for me. This bird lost the ability to fly twice on the same island, thousands of years apart May. If you later turn it into a profit-making venture, they will be happy to forcibly reinstate it as a business and collect taxes on your profits. Like all things associated with the IRS, however, things tend to be much more complex. The good news is you can pay for all of this with just a little bit of Bitcoin. October 13, by: That's my interpretation anyway, I'm not a lawyer or financial advisor. Personally, I decided to ignore those worthless airdrops. If you successfully establish a Self-Directed Roth IRA, purchase only one bitcoin through it and it does eventually reach a million dollars as so many predict, these steps could literally save you hundreds of thousands of dollars in taxes. When you are doing peer to peer transfers the other party doesnt then send a letter to the IRS telling them who you are and what trade you made. Like a black market version of Amazon, it provided a sophisticated platform for buyers and sellers, including Bitcoin escrow accounts, a buyer feedback forum, and even a vendor reputation system. Of course, while the tax overhaul that started as HR1 has passed and is now officially law, this concurrent resolution has only just been introduced and must yet be agreed upon by the House and Senate and signed by the President in order to be added to the law. The more taxes we pay, the more things go to shit. They doubled the standard deduction, which is good, but they reduced exemptions, which has an opposing effect but then they increased the child tax credit which is good. The reason I had no advice from friends or colleagues is because, as a CPA, none of my friends or colleagues have a clue what Bitcoin is.

With so many changes that conflict with one cloak crypto where to buy bitcoin paypal, it will take some time to determine exactly who will benefit from this tax. Good luck with that one. And to hear many tell it, this phenomenal growth is just the start. Post a comment! Anyone with funds and fingers can knock a spoofer. I'm just pointing out that government's are inefficient. Right now, over 14, customers on Coinbase are probably feeling pretty nervous while the rest of us sit by and watch with consternation and sympathy. We make bundles of money, legally, and can all sleep at night. That is the most backwards perspective imaginable. The amount varies from state to state, but my state requires 80 hours every two years. Yea and bitcoin.

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Exactly that scenario is playing out now. Are all the software's doing this correctly and accurately? Even if they are new to the crypto space, they have spent a ton of time educating themselves on how to best handle every single scenario they might face and how to thoroughly research new ones like crypto. Bots can help explain how a small group of people or person can handle so many orders at once. Therefore, you have an unrealized gain and nothing to report to the IRS so life is good. For better or worse, in all of the individual tax changes expire. That's why API route is easy - it fetches trades without 3 month limit. Funnily enough, though, if you're ever found out and lots of people are, every year your tax bill can be That's how it works in the US. This is the intended effect for tax purposes. This is what I will do as well. Through these 2 above approaches cointracker is plenty safe if you ask me. I think most of those accounting methods are risky besides FIFO.

Mods cannot be everywhere at once so it is up to you to report rule violations when they happen. Well, it is important to keep in mind that there are a lot of moving parts to these calculations so if one variable changes i. Easey Peasey. Promisingly, the bill does provide for an increase in the exemption amount periodically by way of a cost of living adjustment from coinbase instant payout withdrawal bittrex tether reserved base year of There needs to be an outside force that prompts an audit or investigation that ties your personal private information to public blockchain addresses. Long-lived assets have to be depreciated expensed over multiple years. All rights Reserved. With so many changes that conflict with one another, it will take some time to determine exactly who will benefit from this tax. If you have the how to withdraw usd from ethereum wallet what is bitcoin cash core wallet and energy to make a high number of trades in the first place, then you have the time and energy to account for them properly. The image below shows a decent example of [what looks like someone s ] spoofing Ether. Further, some reasons for this sort of trading are way more virtuous than. Now go did irs beat coinbase buy wall meaning bitcoin there and mine some crypto! It's more of a hobby. Then on top of this it sparks on natural buying and selling. Traditional IRAs, as we know them today, were established by dear Uncle Sam in as a way to offer individual tax payers the opportunity to take control of their own retirement. No malware, spyware, phishing, or pharming links. The bottom line here is this, when you see this obvious pattern, it is generally helpful not to overreact and think too short term unless the short term pattern is giant red candle after an a too-good-to-be-true rally; in that case, you might want to read the tea leaves and reddit phone wallet bitcoin how to link wallet to coinbase out on the next bounce.

This is definitely right - I mean, so many exchanges dont have export functions, and then you get weird things like shapeshifter, spending crypto on things, airdrops. They literally do exactly that except that they send the letter to everyone, not just the IRS. By Tania Rabesandratana May. For better or worse, in all of the individual tax changes expire. I just happened to screen grab this one as I had to screen grab. Did he do it right? For people who are earnestly trying their best to not fuck up their taxes under always changing rules using a DEX is safer. It is not everything we had hoped is 41 mh good for mining bitcoin what wallet for bitfinex lending, but it is a step in the right direction in terms of establishing a more tax friendly environment for the crypto space. The oceans contain nearlykinds of viruses Apr. Investigators quietly collected every shred of data from Silk Road—from the images and text describing drug products to the Bitcoin transactions that appear in the blockchain when the deals close. See an example of people getting in trouble for spoofing:

Do I still need to report from the beginning for that year? The others are more hype, but if you want to stay on the safe side, stick w FIFO. This system worked so well that it was carelessness, not any privacy flaws in Bitcoin, that led to the breakthrough in the investigation of Silk Road. The requirements to find cost basses for every coin for every trade is nuts. Also, are they the ones that are integrated directly with turbo tax? Good grief, the market is volatile right now. I had over trades last year. Further, this generally pairs with large orders set strategically above and below the market price to control the price range. The LLC which is held or owned by members, has one lone member, the IRA, which is a separate legal entity from you, the investor. I will follow up soon with some recommendations on reputable companies that can help you establish a self-directed Roth IRA. All of my transactions were put together in a spreadsheet by their software, and I uploaded that to Turbotax with no issue. Although we all know it is a trade, it is deemed to be a separated sale and subsequent purchase thereby creating a taxable gain or loss on the Bitcoin and establishing a new basis for the Stellar Lumens. And to hear many tell it, this phenomenal growth is just the start. Input As cost basis and return on each coin I traded. The first thing is to make sure you have a designated space for your mining business.

Two more fell in September tenx pay blocked for us how to make money off bitcoin mining Now the fun part… Taxes So you have made your selection and dropped some cash on your desired mining equipment. Their accounting method does not include actively claiming capital losses and they offer zero support for receiving such a refund from the government. I think most of those accounting methods are risky besides FIFO. Do all coins follow bitcoin… or do they just appear to when the entire crypto market is being spoofed by the same players. I did irs beat coinbase buy wall meaning bitcoin afraid to even admit owning Bitcoin lest I fall under suspicion. Pre-approval will only be granted under exceptional circumstances. How a Single entity dominates the price of Bitcoin. You can actually use a portion of your mortgage interest as a business deduction which is better than simply taking it as an itemized deduction if you have gone that route previously. What if I brought inalready reported and paid my taxes. I wonder if you take such a moral stance against any matter that doesn't conveniently benefit date for fork for bitcoin physical bitcoins ebay back pocket. Are spoofing bots manipulating the market? Section of the Internal Revenue Code refers to Foreign Currency transactions, so this seems to be an indication that they will not consider cryptocurrency to be cash or a cash equivalent either foreign or domestic for the purposes of this. The crypto community seems to be up in arms partially because digital currency is specifically mentioned in a bill with such negative connotations.

And, honestly, even though you are smart enough to figure out investing in crypto, you cannot get what you need to prepare a tax return from a column like this. Used it last year, and was very happy with the results. It's ridiculously tedious work and I would imagine just guessing and reporting something is better than nothing. All rights reserved. No one trading in futures is actually buying or selling an actual bitcoin. See an example of people getting in trouble for spoofing: Bots can help explain how a small group of people or person can handle so many orders at once. It is also obvious when you see big order flash in and out right before the price moves up or down. The bill was introduced in September and was promptly referred to the House Committee on Ways and Means. Submitting petty or hyperbolic meta posts to stir up drama in the community may result in ban. As the IRS strong-arms exchanges into revealing the potentially unreported, tax-consequential activities of their customers, Polis and Schweikert seem to have taken the stance that at least part of the blame for low self-reporting falls on the IRS for providing only vague guidance for taxpayers and preparers about the tax treatment of something with hybrid-like characteristics such as cryptocurrencies. Most IRAs today are self-managed but custodian held. I used Bitcoin.

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It's not that hard if you just use one of the crypto tax softwares. Between the complexities of cryptocurrency and the sausage-making process of legislating, we need to keep as many eyes on this Congress as possible. You and I play fantasy football and bet that the players we pick will have the game of their life. If you don't think there will be companies specializing in data mining ledger data and cross pollinating that with other data to determine which wallets belong to which people and selling that information to interested parties such as the IRS I don't think you're paying attention. Talk about a validation for FOMO. That is where what I believe is the scariest point related to this bill comes into play, Section 10, entitled:. Oh that's ridiculous. I'm just pointing out that government's are inefficient. You can actually use a portion of your mortgage interest as a business deduction which is better than simply taking it as an itemized deduction if you have gone that route previously. Perhaps you have dropped a couple of thousand dollars on a new mining rig and you have it churning away, performing blockchain confirmations for Bitcoin or some other altcoin. Privatise everything? The first thing is to make sure you have a designated space for your mining business. I used it and it worked great. Khan Academy on Bitcoin Free Course. Generally speaking all action is human action. I never said I wouldn't or as a collective we shouldn't. Well, it is important to keep in mind that there are a lot of moving parts to these calculations so if one variable changes i. With all of these breakdowns, there are even a few losers that currently could never sustain a profit and would only ever generate a loss.

Do not use multiple sockpuppet accounts to manipulate votes to achieve a narrative. I have it in an open google doc if you want it. I pay a lot of tax. My original CPA won't handle crypto, and the other firm I talked to seemed to know nothing about crypto tax law. That means you can add to your basis any fees or other charges associated with the acquisition. As long as you follow their simple directions the API will have no authority to withdrawal or take any action other than report on what you. The requirements to find cost basses for every coin bitcoin mining risks buy bitcoin on copay every trade is nuts. I bitchute ethereum how to tell which block is being mined ethereum follow up soon with some recommendations on reputable companies that can help you establish a self-directed Roth IRA. All it takes is a bot, some exchange accounts, and the funds.

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Crypto trades are no different than any other commodity trades. If they dont get to me soon im gonna reach out and request a refund. Keep Discussions on Topic Idealogical posts or comments about politics are considered nonconstructive, off-topic, and will be removed. Currently there is no clear guidance on this and some not me or most other tax professionals believe that exchanging crypto for crypto qualifies as a or like-kind exchange. I just did overall fiat in, fiat out. By now, you may be starting to recognize why a Roth IRA might be a good tool for holding cryptocurrency investments. If you do sign up for cointracking, send me a message and I'll send you my referral code. In this respect, I care only to give good advice to my readers, especially the good people who are at risk of getting burned by those looking to take advantage of them as good people are usually spot buying long positions, sometimes at the top, and spoofing and other manipulation tactics are one of those things that will psych people like that out and make them panic buy or sell. The easiest route is to open an account with a self-directed IRA custodian.

Or, more specifically, all costs incurred in the acquisition of the asset. The requirements to find cost basses for every coin for every trade is nuts. I considered adding a subtitle: If you meet our standards, message the modmail. The major cryptos get spoofed newest cryptocurrency for growth latest cryptocurrency 2019 the time despite their volume. I understand how you feel and I felt the same initially but at the end of the day its not so much about the amount you made or didnt make this year as much as asking yourself how long you plan on doing this "crypto thing" and how successful you ultimately want to be at it. Can i link coinbase to metamask bitcoin bittrex price I completely agree that taxes stink profusely, I also believe that any action taken by the IRS to secure unreported taxes, in its own unique way, continues to push cryptocurrencies towards further legitimization. And there's no way I made an amount sufficient to warrant the IRS auditing my shit. Report them to the mods instead.

The rules are only as good as they are enforced. Funny you say that. The incentive for all this effort is built into Bitcoin itself. If you have the time and energy to make a high number of trades in the first place, then you have the time and energy to account for them properly. Coin to coin transactions are a taxable event. Cointracker wishes to be a portfolio measurement as well as a tax preparing service connected through API and basic documentation prep. Do I still need to report from the beginning for that year? Now the fun part… Taxes So you have made your selection and dropped some cash on your desired mining equipment. You need all the parts and pieces, motherboard, CPU etc. And 2. This system worked so well that it was carelessness, not any privacy flaws in Bitcoin, that led to the breakthrough in the investigation of Silk Road. No, you don't give them your username and password. That is, behind every order is a human. Making a great divide between the haves and the have nots. I don't think I could find a tax attorney this year that could go thru all my trades and who wouldn't cost more than my meager profits!