03-12-2022, 10:46 PM
Crypto Taxes
<!-- SC_OFF --><div class="md"><p>I live in the US and I bought and sold a lot of alt coins on Trust Wallet with Pancake Swap last year…a few thousand transactions total. Many of them were not yet even listed on Coingekko or Coinmarketcap. So, the crypto tax software I’m using (Koinify) can’t accurately compute my P&L. Worse, I cannot go back and find the price of those coins and manually enter it. Even if I could manually enter it, it would take days and days of tedious drudgery to do so. And I’m supposed to submit this confusing complicated mess to the IRS and certify it’s accuracy? I have to say that honestly…this is totally not worth it. No more shitcoins for me! Anyone else in a similar situation?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Catmoondance"> /u/Catmoondance </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tc8f8m/crypto_taxes/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tc8f8m/crypto_taxes/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I live in the US and I bought and sold a lot of alt coins on Trust Wallet with Pancake Swap last year…a few thousand transactions total. Many of them were not yet even listed on Coingekko or Coinmarketcap. So, the crypto tax software I’m using (Koinify) can’t accurately compute my P&L. Worse, I cannot go back and find the price of those coins and manually enter it. Even if I could manually enter it, it would take days and days of tedious drudgery to do so. And I’m supposed to submit this confusing complicated mess to the IRS and certify it’s accuracy? I have to say that honestly…this is totally not worth it. No more shitcoins for me! Anyone else in a similar situation?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Catmoondance"> /u/Catmoondance </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tc8f8m/crypto_taxes/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tc8f8m/crypto_taxes/">[comments]</a></span>Kind Regards R