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Anonymous Thu Jan 21 19:06:09 2021 No.26333070 [Reply] [Original]

Let's say you wanted to cash out crypto but you didn't keep track of your crypto-to-crypto trades and most of them were on random exchanges that you don't have access to anymore. However, you did keep a record of your original fiat investments into crypto. How fucked would you be in this situation? Also, let's say you're not American and you're willing to move country.

Anonymous Thu Jan 21 19:10:18 2021 No.26333269

Can't you just pay the CGT on the full amount you cash out? Isn't the point of keeping track of your trades so in the end you only pay tax on your actual profits? I mean if you make millions and you just can't be arsed compiling a list of your trades, just pay cgt on the full amount. Stop worrying about tax when your ready you can get an accountant and just speak to them about it. Buying crypto isn't illegal, and aslong as you try to sort your tax out you will be fine

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