Excellent info. The one thing I'm still not clear on is if all my transactions have to be reported separately.
For example. If I buy 1.15 on 1/1/16 for $565 and buy 2.0 on 1/5/16 $1020 and sell it at some point in the future for a total of $5000, when I file, can I just say I have taxable gains of $3,415 ($5000-($565+$1020)) or do I have to differentiate the transactions?
I like your site by the way, the thing that makes it difficult for me is that I have Bitcoin from prior years for which I have no records...
While a pain, yes, the IRS requires you report all capital gains transactions. So in your example there is one tax event per sell transaction even if in the end you came up with the same value.
Thanks for saying, glad you find the site useful.