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Taxes!

First year doing taxes where I have to report crypto. What a pain in the ass. I have hundreds of transactions... About 10 wallets used at one point.... And they're asking me to submit all of the transactions?? What the hell.. Using cointracker but a lot of the stuff has to be recorded manually. Some wallets/coins not supported. What a pain. Has anyone dealt with this crap before?

First year doing taxes where I have to report crypto. What a pain in the ass. I have hundreds of transactions... About 10 wallets used at one point.... And they're asking me to submit all of the transactions?? What the hell.. Using cointracker but a lot of the stuff has to be recorded manually. Some wallets/coins not supported. What a pain. Has anyone dealt with this crap before?

(post is archived)

[–] • 3 pts (edited )

well thats easy fixed, you write 'crypto is anonymous, wagecuck' in red crayon on the questions.

i like the scam the IRS has going. Making you pay real money for tax on worthless monopoly money.

[–] • 1 pt

worthless monopoly money

Talking about fiat?

[+] [deleted] • 1 pt
[–] • 3 pts

What a pain. Has anyone dealt with this crap before?

Yes. When they ask if I have crypto assets or have traded crypto, I say nope. Fuck the IRS.

[–] • 0 pt

Not worried about audits, penalties, blah blah blah?

[–] • 1 pt

Worried? No. Aware that I "might" have to face some consequences at some point? Yes. But there are much bigger fish to fry than myself when it comes to crypto.

[–] • 1 pt

I see a absolutely no reason you should report crypto anything until they are “realized” into dollars.

[–] • 0 pt

Is that what you do?

[–] • 1 pt

I wouldn't report them at all probably but I don't own any

[–] • 1 pt

Smart. Yeah I'm regretting getting into this sphere.

[–] • 1 pt

Are your wallets reporting the gains or losses to the IRS? If no...

You can also aggregate short-term transactions.