Mini data sheet on tax implications for cryptocurrency trading in the United States
06-13-2017, 11:39 PMQuote: (06-13-2017 11:28 PM)Armogan Wrote:
Exchanges are currently not issuing 1099s, i.e. no one is reporting your activity. But you can download transaction activity for almost all exchanges.
Right, but what I'm worried about is if I simplify my reporting strategy to "X dollars in --> Y dollars out", and then 3 years later, the IRS wins the hardball fight and then they see 4,357 transactions on the exchanges I'm using... going all the way back to this year.