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

New
coin

New

coin
Mar 12, 2018 20 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?

comments

Want to comment? LOG IN or SIGN UP
TOP 20 Comments
  • 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
  • Twilio / Eng
    TechBrunch

    Go to company page Twilio Eng

    TechBrunch
    Curious: how much did ya make?
    Mar 12, 2018 2
    • New
      coin

      New

      coin
      OP
      Nothing that shitty bot has traded in total 0.42 LTC over 18K Txns 😂😂🐻
      Mar 13, 2018
    • Twilio / Eng
      TechBrunch

      Go to company page Twilio Eng

      TechBrunch
      Loool! Whoops. I always wanted to build one.. probably for the best I don’t.
      Mar 14, 2018
  • New
    coin

    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
  • New
    coin

    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

      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

      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
  • New
    williamcar

    New

    williamcar
    If you are looking for the best crypto tax solution I recommend checking out Coinpanda https://coinpanda.io . They seem to offer really great integration will all exchanges, and their pricing is lower than others too.
    Feb 28, 2020 0