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when filing taxes, for eth token exchange, how to peg eth price
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Date: March 10th, 2018 1:54 AM Author: lilac parlor depressive hmmmmmmm
which exchange is THE price.
there are a few aggregator sites but nothing WMTP certified yet |
Date: March 10th, 2018 2:01 AM Author: odious station It is absolutely fucking INSANE that the IRS hasn't given a full declaration on crypto Just complete fucking nonsense to trust crypto investors to know wtf to do |
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Date: March 10th, 2018 2:08 AM Author: lilac parlor depressive a lot of the sites that aggregate only have a daily price...god knows what that is pegged to ? daily high? avg?
i heard poloneix may have decent data...
there are also a few sites that are supposed to turbotaxing this? mixed reviews online though |
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Date: March 10th, 2018 2:11 AM Author: lilac parlor depressive starting to think that its possible that no one is really...thinking about this? (http://www.autoadmit.com/thread.php?thread_id=3914856&forum_id=7#35574663) |
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Date: March 10th, 2018 2:15 AM Author: odious station seems that way (http://www.autoadmit.com/thread.php?thread_id=3914856&forum_id=7#35574673) |
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Date: March 10th, 2018 3:32 PM Author: aphrodisiac orchestra pit kitty cat Until they take a stance take the most favorable interpretation (http://www.autoadmit.com/thread.php?thread_id=3914856&forum_id=7#35576827) |
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Date: March 10th, 2018 7:39 AM Author: comical circlehead Dude -- just Bitcoin.tax for $30-40 and let it do what it do...I did a year of bullshit microtrades on Gemini, Coinbase, Binance, and Kucoin in 30 minutes (4000+ trades lol, partial fills). I even added a EDelta buy on it. Eerily accurate.
You'll need to file with TaxAct or the CD/download version of TurboTax (not online version)
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Date: March 10th, 2018 8:21 AM Author: gaped chad point Ty (http://www.autoadmit.com/thread.php?thread_id=3914856&forum_id=7#35575006) |
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Date: March 10th, 2018 4:13 PM Author: Provocative university black woman ty (http://www.autoadmit.com/thread.php?thread_id=3914856&forum_id=7#35576997) |
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Date: March 10th, 2018 5:49 PM Author: lilac parlor depressive will likely do this ty
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Date: March 10th, 2018 9:09 PM Author: lilac parlor depressive had started making my own calcs for practice with visual basic / some stuff im learning from clean code, but this works so well i said fuck it
ty again |
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Date: March 11th, 2018 8:29 AM Author: comical circlehead Yw -- the best is that the site allows you afterwards to go crypto-by-crypto, view tax burden based on different filing strategies, and let choose how you would like them to report it: FIFO versus highest-price first out, etc... Saved me a lot of $
I assume next year you'll have to file each crypto the same way |
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Date: March 25th, 2018 11:51 PM Author: Provocative university black woman i plugged in all my info into this and found it pretty chill. I am still paranoid the site overlooks something /makes some important mistake and i dont realize it though. did you find yourself manually fixing anything?
seems impossible for me to look through my thousands of trade to really know |
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Date: March 26th, 2018 7:20 AM Author: comical circlehead In the results page, they show you an estimate of your active holdings on January 1st and it was the same as the screenshot of my Blockfolio then, so I'm confident in it.
If were to do this manually, I would probably make many, many more mistakes and waste over a week -- also wouldn't be able to compare FIFO to "highest priced first out" results.
I only manually added an EtherDelta trade
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