/biz/ - Business & Finance

how do I calculate my US crypto taxes aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

if its one of those stupid ass calculators I need support for BSC (no judgies), Cardano, and some shitcoins.

Should I just pay 50% anons?

These cunts sent me a CP2000 for a measly $1400. Here's the best part: They listed a bunch of securities they say I didn't report correctly on, but all their data is fucking crazy and when I looked at my tax returns I reported exactly as they are telling me I should have.

Now I have to jump through a bunch of hoops literally just because these fuckos want to trouble me for the time. And why? 2018 happens to be the first year I reported any crypto trading.

Just fucking don't. I decided to start reporting because I had bought a bunch of LINK from Coinbase and realized one day I'm gonna cash this shit out for big money and that it's going to be too easy to trace it, but I regret it now. I should have just not checked the stupid fucking box.

>>23454489
>Rebalance

This is the first year I've made anything in crypto so now I'm thinking about taxes. Obviously any trading done on Coinbase itself will be reported. And any cash that hits my bank account will be reported. But what about Uniswap degen activity in the middle? If I sent Ether to an address A from Coinbase, will the IRS assume it's me? What if you send from address A to address B, C and so on...at what point do you have plausible deniability?

Also, can't you just use tornado cash or trade to Monero back and forth before you cash out and cover your tracks? I'm not really against taxes, just don't think it's necessary to fill up my tax return with a hundred transactions related to food coins

You guys weren't lying. Just got notified they want to do a cryptocurrency audit on me due to Bitcoin purchases on coinbase. WTF do I do? they scheduled a phone call.

THEY HAD ONE JOB