Re: USA Citizens - How are you tracking/reporting for Tax Purposes?

Quote from: BitMaxz on Today at 02:55:35 PM

There is one tool that solves your issue, have you heard about cointracking.info?
You can check their official thread from here https://bitcointalk.org/index.php?topic=220238.0

If you want a guide there is an old guide here on the forum you can search it or use this link below for a big list and guides for tax reports or tracking your investment with tax.

- [Tutorial] Crypto taxes for beginners

Thanks for the info. I would give you some tokens but I only have 2.

I've been using H&R Block and from what I've researched I'll have to go with Turbotax.

One thing I don't see addressed is directly investing on chain. I'm doing that with AMP and GRT and I don't see a way to get that info on into the software.

I've been tracking in Excel what crypto I've moved where and the interest I've earned.

I think I'm going to do this for simplicity.

Example:
Bought Crypto on CoinbasePro
Moved Crypto to Celsius for interest.

When I want to sell crypto.
Move original amount of Crypto back to Coiinbase Pro and sell
Leave interest on Celsius and sell there.
Hopefully that will keep the taxes straight.

I'm hoping all the transaction fees and gas fees will be captured by Turbotax.