04-18-2022, 06:28 PM
I have 500k+ of transactions on my taxes to report, here’s what i’m doing
<!-- SC_OFF --><div class="md"><p>I saw a similar about people having a ton of transactions to report due to crypto trading bots. I’m in the same spot.</p> <p>Here’s my situation</p> <ul> <li><p>Used a bot for a long time, tax/gains to report. Have to report cost basis on tokens that are too cheap. Have 500k+ transactions, max size csv exports </p></li> <li><p>Lots of tokens for a period were small decimal project for ex: 0.00000001. Softwares can’t keep up or report on these size transactions. </p></li> <li><p>Can’t import or Exports csv </p></li> <li><p>Nothing seems to be able to do it right, platforms can’t keep up.</p></li> </ul> <p>I’m not able to import all required transactions. Definitely some terrible stuff going on this year. </p> <p>Basically get audit protection. We’re screwed. Report your final numbers and pray.</p> <p>——-</p> <p>Edit: Thank you <a href="/u/ChiTownBob">/u/ChiTownBob</a> for the sound solid advice below. </p> <p><strong>TLDR - Import the max CSV sizes, don’t use coin tracker if you’re in this similar situation, Report end capital gains and losses, audit protection. Form 8949 as mentioned in the comments let’s you summarize, steps in comments.</strong></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Noobsicles"> /u/Noobsicles </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/u61s4v/i_have_500k_of_transactions_on_my_taxes_to_report/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/u61s4v/i_have_500k_of_transactions_on_my_taxes_to_report/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I saw a similar about people having a ton of transactions to report due to crypto trading bots. I’m in the same spot.</p> <p>Here’s my situation</p> <ul> <li><p>Used a bot for a long time, tax/gains to report. Have to report cost basis on tokens that are too cheap. Have 500k+ transactions, max size csv exports </p></li> <li><p>Lots of tokens for a period were small decimal project for ex: 0.00000001. Softwares can’t keep up or report on these size transactions. </p></li> <li><p>Can’t import or Exports csv </p></li> <li><p>Nothing seems to be able to do it right, platforms can’t keep up.</p></li> </ul> <p>I’m not able to import all required transactions. Definitely some terrible stuff going on this year. </p> <p>Basically get audit protection. We’re screwed. Report your final numbers and pray.</p> <p>——-</p> <p>Edit: Thank you <a href="/u/ChiTownBob">/u/ChiTownBob</a> for the sound solid advice below. </p> <p><strong>TLDR - Import the max CSV sizes, don’t use coin tracker if you’re in this similar situation, Report end capital gains and losses, audit protection. Form 8949 as mentioned in the comments let’s you summarize, steps in comments.</strong></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Noobsicles"> /u/Noobsicles </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/u61s4v/i_have_500k_of_transactions_on_my_taxes_to_report/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/u61s4v/i_have_500k_of_transactions_on_my_taxes_to_report/">[comments]</a></span>Kind Regards R