Tax reporting for gdax/Coinbase

Oracle / Eng acfL58
Mar 11, 2018 13 Comments

Anyone know how to report tax to IRS related to crypto transaction?

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TOP 13 Comments
  • Apple fiestacat
    bitcoin.tax covers it and will make TurboTax files for you.
    Mar 11, 2018 1
    • Apple fiestacat
      Actually I’m running it on 2018 and it’s totally doing my GDAX trades wrong… well I got a year to fix it!
      Mar 19, 2018
  • Amazon Timcock
    Bitcoin.tax
    Mar 11, 2018 0
  • Facebook yPRV73
    Check here: https://www.coinbase.com/reports

    You can generate an excel sheet with gains or losses.
    Mar 11, 2018 1
    • Oracle / Eng acfL58
      OP
      Checked but it differentiates between gdax and coinbase .. even coins sent from coinbase to gdax is considered as new transaction. I have a very few sells for year 2017 and rest of my coins are on hold. I could not find same option in gdax .
      Mar 11, 2018
  • Deloitte khufiyapan
    I have literally heard a shit tons of podcasts about how you should and should not do this. My takeaway: skip reporting unless you cashed out of your holdings in 2017
    Mar 12, 2018 3
    • New / Other JH7772z
      How are you going to deal with that in the future when you decide to cash out and your account information doesn't align with previous tax reports?
      Mar 12, 2018
    • Apple fiestacat
      If you didn’t sell there’s nothing to report though.
      Mar 12, 2018
    • Salesforce Númenor
      So, evade tax? Really?
      Mar 18, 2018
  • PayPal / Eng
    Ifjalpensb

    PayPal Eng

    PRE
    Amazon
    Ifjalpensbmore
    Mar 12, 2018 2
    • Oracle / Eng acfL58
      OP
      This is not yet live but thanks for link
      Mar 12, 2018
    • New coin
      I heard they are helping to calculate for early access users... Give it a try
      Mar 13, 2018
  • New coin
    It's live now and you can calculate and download tax forms for just $0.99
    Mar 27, 2018 0

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