Anyone got a mail from GDAX of being reported to IRS?

New coin
Mar 12, 2018 19 Comments

Out of curiosity and over enthusiasm, I ran a github based gdax bot with a $100 on LTC for couple of days (24x7)

This has made my transaction count reach 18K+ and got a mail on Feb 1st that my details will be reported to IRS as # of Txns crossed their threshold 🙈🙈

Anyone here in similar situation?

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TOP 19 Comments
  • Facebook public
    Yes, but I wasn't intending on committing tax fraud so it was welcome to have someone else do most of the calculation. Consider yourself lucky.
    Mar 12, 2018 3
    • New coin
      OP
      You should see the gdax form or spreadsheet! It's literally shit... You can't make anything out of it.
      Apr 8, 2018
    • Facebook public
      I got one, what part is confusing?
      Apr 8, 2018
    • New coin
      OP
      What's my total gains.. there was nothing mentioned it only had all the trades
      Apr 8, 2018
  • Twilio / Eng TechBrunch
    Curious: how much did ya make?
    Mar 12, 2018 2
    • New coin
      OP
      Nothing that shitty bot has traded in total 0.42 LTC over 18K Txns 😂😂🐻
      Mar 13, 2018
    • Twilio / Eng TechBrunch
      Loool! Whoops. I always wanted to build one.. probably for the best I don’t.
      Mar 14, 2018
  • New coin
    OP
    I am also willing to pay... But calculating gains out all those transactions is hard and every tool out there is failing
    Mar 12, 2018 7
    • Amazon sock8
      Bring KY to your meeting with the CPA
      Mar 14, 2018
    • Facebook public
      Why?
      Mar 14, 2018
    • Amazon sock8
      The CPA is going to bill for every hour
      Mar 14, 2018
    • Facebook public
      Yep, making a ton of money is expensive.
      Mar 14, 2018
    • Amazon sock8
      OP got 0.42 LTC from 18,000 transactions. He's not making tons of money. He's not even making ounces of money.

      But the CPA sure will!
      Mar 14, 2018
  • New coin
    OP
    https://bear.tax worked fine for me! I would recommend it as their pricing is much less compared to others
    Mar 27, 2018 2
    • HealthNow / Eng Plateaux
      Out of curiosity, what features in particular made it nicer or equal to others... or what features did you need?

      Did it seamlessly import all 18k transactions?
      Mar 28, 2018
    • New coin
      OP
      Yes, it took some time but got all of them without hanging up. Felt that as fair given API limits gdax could have
      Apr 8, 2018
  • Cerner lJkj28
    Bitcoin.tax?
    Mar 12, 2018 0

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