Well that was a rather interesting experience with the CPA that I had. Maybe I paid 50 bucks for 30 minutes with the wrong CPA but she wouldn't give me a straight answer on whether or not cryptotrader.tax is legit or not. She even flat out said that she hopes that I do my crypto taxes with her next year and not somewhere else so she didn't give me a straight answer about that.
But I was able to get reassurance from her that if I implemented the day trading strategy which I think is called scalp trading, that every time I convert crypto from one form to another it will trigger a taxable event, and that the percentage is dependent on the amount of gain, but no matter what I won't end up owing more taxes than gain by the end of the year.
So basically, if I do cash out any gains, I should keep it safe in an extra savings account and don't spend anything until after doing my taxes next year.
Through this, she did help me find something on coinbase that I didn't even know that was there.
Right under settings, if you click on "taxes and Reports" it'll lead you to a webpage that give info on taxes and there's a link titled "go to cointracker".
That led me to another website called cointracker.io. I purchased a monthly membership so I can explore it, and there's a link on my account at cointracker.io where it holds a record of every SINGLE transaction I've ever done on my coinbase account. I also learned that on binance.us, the only other exchange where I invested anything with (I got a few DOGE coins for the lolz) that I can actually get a 'statement', but I can only get that statement a limited x amount of times a year.
I have no idea how I'm going to keep track of all my transactions if I day trade at all, and I've already lost track of my transactions doing little experiments like exchanging really small amount of one form of crypto to another to test if I really understand how it works.
So as far as I know, the best way I'm going to file my taxes regarding crypto next year is to either:
A. Use cointracker.io or cryptotrader.tax and plug it directly into a turbotax
or
B. Hire a CPA next year to help me do my crypto taxes for the first time next year.
So far, that's all I've been able to learn about the matter, other than the CPA informing me that the IRS is planning on getting more strict and crack down more on crypto. Uncle Sam just needs that extra dollar to waste on something stupid like rockets that ain't reusable haha.