So how is this added up? If I make a thousand trades and come out X amount of dollars ahead, can I just use the final amount for reporting?
Relevant wiki article:
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http://en.bitcoin.it/wiki/Tax_complianceAnd what records should I be keeping?
What does your broker statement include? Probably will want to keep records with the same information
- date of trade, description of trade, qty & price, and fees