Post
Topic
Board Mining (Altcoins)
Re: Number 9! Ninth altcoin thread. Back to the moon Baby!
by
philipma1957
on 26/07/2019, 15:28:24 UTC
Note this applies to USA and the IRS

Talking about record keeping I was sent a letter from IRS  they said when I filed for 2018 I left out an account.

I realized  I send all my coinbase info as usual and said to myself WTF  are they talking about.
I did some checking and found they are looking for my gdax- now pro-coinbase info for 2018

It won't cost me money  as my usage of gdax was not trading as much as cheaper  fees to convert  coinbase btc to cash

My typical thing  was

1)move 0.100 btc from coinbase to gdax
2)sell the 0.1000 btc on gdax
3)move the cash  to coinbase  
4)withdraw the cash to bank account

or

1) move cash from coinbase to gdax
2) buy btc or ltc at gdax
3) send btc or ltc to coinbase
4) buy gear from bitmain with that btc or ltc


They now want all my gdax/pro-coinbase record from 2018  (all older years have zero trades with gdax/pro.coinbase)

2018  mostly was a down year.
I had losses most of the year. So I know sending the info will mean my capital gain(loss in reality) carryover  will go from 1800 usd to say 2500

But the paperwork involved appears to be nuts crazy and or wacko.  Truing the info involves matching it  to my coinbase data filed with irs.

 So while I saved fees I think this will take a week to do.




I thought that gdax info was included with my coinbase tax info It is not and it needs to be sent in a new