Quote from: JaredKaragen on July 30, 2019, 07:40:09 AM

This makes me very happy that I am in the sub-10K mark and did not receive any notice of any kind; from coinbase or the IRS....

On top of which; My actual income last year was pretty pathetic... near zero as I was only well enough to resume my work as a surveyor for around 2.5-3 months and got a 100% refund.

This year; I have only made one GDAX sale of BTC, and that was right near 10K, I think I sold .005.... and put that directly into a buy order at around the 6K mark for the chance a flash-crash happens.

I have however transferred around or exactly .05 multiple times back and forth to GDAX and back to my coinbase wallet because of the market movements, sitting ready to hit the button if the market did what I thought might happen (but didn't). I only keep at-most .5-.10 in coinbase; even they can go insolvent and I am highly weary of that to this day.

I wonder what the difference between the records of pro and GDAX are/were; I haven't looked into the details that separate them, but it irks me knowing I sold at most $300USD to cover rent twice; but the reports of my wallet/total amount I had in that time was in the magnitude of multiple thousand... which just doesn't add up in my eyes (it was pro back then), and those sells/micro buys were for literal gains of maybe 10K satoshi each, or just for a selloff to be able to pay rent.... yet coinbase said I had multiple thousands in value when I personally know I had .5 in my offline personal wallet not associated with them. I can see the old PRO buys/sells in my GDAX history as well (from pre-2017).

I was very uneasy about any exchange back then (still weary because of the MountCocks fiasco), and only sent to coinbase when I wanted to spend it; and the Tx fees were very small (very pre-2017).

So overall, this is why I am lucky I am 100% under the radar, and a lot of it was traded F2F for other assets back then so I could flip those assets and equalize my rent concerns.... Being out of work; I had to make ends meet somehow, and with the most amount of profit on my end.

letters just started last week. hopefully you are good. In my case the bounce back between gdax and coinbase looks like every unit of 1 coin is 3 coins.

move 1 coin from coinbase to gdax looks like a 1 coin deposit to gdax worth 1000
in reality it was moving say a 1000 dollar value coin with a cost basis of 900 which means a cap gain of 100 bucks
sell it on gdax for the 1000 is a zero cap gain
move the 1000 in cash to coinbase looks like a 1000 dollar deposit of cash to coin base
move the 1000 in cash to bank looks like a 1000 dollar deposit of cash to bank

so a 100 dollar cap gain reports as 100+1000+1000+1000 =3100 not as 100

I have at least 60 of these for 2018 they will need to be explained.

Along with how the 1000 first got into coinbase. mostly from gpu sales. I did sell off 100 gpus in 2018 they will show as income.
I will need to do a breakdown of every sale. which will really be a p.i.t.a.

This will mean me ending crypto. I will sell the mine in clifton which will kill me to do. But I don't want involvement on a financial level in 2020. I will still post. and run threads.

The clifton mine was what I always wanted to do run a mine at good power rates. I am lucky in that it is working so selling my share of the gear won't be a hardship to anyone. it is almost a petahash of sha-256 and around 11gh of l3+

It is maybe 40-50 thousand in gear I own ½ of it.
So my share would be 20-25 thousand bucks.
I will also be selling the few rigs in the house. pretty much sucks but I don't want to be generating more transactions on a financial level until I get this fixed.

It is pretty sad and somewhat depressing.

On a pc build note.

I grabbed a ryzen-9-3900x

https://www.amd.com/en/products/cpu/amd-ryzen-9-3900x

a corsair nvme.2 2 tb

https://www.corsair.com/us/en/Categories/Products/Storage/M-2-SSDs/Force-Series%E2%84%A2-Gen-4-PCIe-NVMe-M-2-SSD/p/CSSD-F2000GBMP600

an asrock x570 mobo

https://www.newegg.com/p/N82E16813157887?cm_sp=SearchSuccess-_-INFOCARD-_-asrock+x570-_-13-157-887-_-1&Description=asrock+x570

2 sticks of ram

https://www.amazon.com/gp/product/B07HSZYNN5/ref=ppx_yo_dt_b_asin_title_o03_s00?

I will be needing a case maybe this one

https://www.amazon.com/Rexgear-Micro-Cube-White-Limited/dp/B07SRWC6Q4/ref=sr_1_21?crid=L7VVP2HX4QXY&keywords=pc+case&qid=1564491771&refinements=p_n_feature_six_browse-bin%3A2057507011&rnid=2057420011&s=pc&sprefix=pc%2Celectronics%2C129&sr=1-21