So after I left miner gate I needed a new exchange. My research led to coinbase because they claim they’d supply me with various tax forms, 1099’s etc. I was and still are heavily into mining altcoins and then selling them for income. Yesterday, I receive an email saying no tax forms because of no proper transactions. wtf, a mining pool deposits ltc for an example. that is the purchase transaction, then later on I sell those coins and convert to usd. what am I or coinbase missing here. I have dozens of these completed transactions. my next transactions will be moving my altcoins to a new exchange.
already been there, too expensive. once i added nicehash, litecoin pool, f2 pool, binance I’m not seeing a worth the cost advantage over other tax tools
I am using BitTax and the cheaters paid is $45 if you have a promo, they do have a free plan that’s also unlimited but very limited features… Worth a look if Cointracker, which was too expensive for my taste, turned you off.
if i sell btc at x usd, can I use the average price of btc usd for the date range of purchases to calc the cost of the btc purchase for irs reporting or do I need to report each of the btc purchases over time?
what I’m looking for is transaction history, basically sales price and cost basis. What coinbase and coin tracker offer is a csv file that list some but not all the info I need to accurately submit the IRS