/biz/ - Business & Finance

>>56864820
Read the catalog negro there are like 50 threads on this already.

There won't be a spike, but there will be a dump and then the slow runup: this will be The Golden Bull Run.

>>7154843
Its complicated but basically yes, with every trade, it is possible to ascertain a profit or loss, in dollar terms. Not easy, but possible. I am in the same boat, I have missing trades. We'll have to think of something.

I have spoken with an accountant - (((a fucking good one))) if you know what I mean. He says that certain CPA groups are brainstorming on how to handle reporting crypto. Their strategy on best practices is due in the early part of 2018, and ultimately there will be lawsuits that provide the final interpretation of law. He wouldn't even take my case until that industry consensus is complete, the way the wind appears to be blowing, you are going to have to report those crypto-to-crypto trades and pay taxes on profits, which are offset by the losses.

It sucks but that's how it works. Hodl makes sense for this reason: your taxes will go down on crypto you've held for over a year.

>>4257889
gay