04-14-2021, 09:20 PM
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#927
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Head Coach
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Quote:
Originally Posted by lungs
Depends how you do it. You can load your Coinbase transactions into TurboTax. If you don't use Coinbase there are apps out there that can be used. Every time you trade one crypto for another, it's potentially a taxable event.
My early crypto days I didn't track much. I know how much I have invested total, basically. I'm not doing any trading these days, just buy and hold. Most of my trades back when I started were panic trades when I was in the hole, so I think I'm in the clear there.
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Thanks!
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