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Anonymous Wed May 30 00:15:24 2018 No.9671888 [Reply] [Original]

Looking to sell some of my crypto at a loss to offset some capital gains I have in stock for this year. Anyone know how reporting crypto on taxes works?

I bought ETH and lost some of it daytrading altcoins on Binance. I really don't want to have to report every transaction (there are an ungodly number), so I was planning on just selling it and reporting it as 1 transaction. Is this do-able, or will I get fucked by the IRS? Do I have to actually indicate that I sold less ETH than I originally bought, or can I just list it as $ in vs $ out?

>>	Anonymous Wed May 30 00:36:34 2018 No.9672114 On schedule D it asks for your Sale Price of the asset and the Cost Basis, as well as the date acquired and sold, so they aren't looking at coin amounts. I'm considering doing the same thing.

>>	Anonymous Wed May 30 00:54:17 2018 No.9672295 >>9671888 just sell and immediately rebuy

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