Re:Show HN: CryptoTrader.Tax – Tax calculator for your crypt...
by xur17 on Sunday April 07, 2019 @05:27PM
(#19599998)
I agree with this. Normal trading on exchanges might be relatively easy since you can just export transactions and dump them into a tool like this, but it can get a lot more complicated than that.
Some examples of things that are complicated:
- Trading ERC721 tokens (there are no tools to track down these transactions, track cost basis, etc - I ended up spending days hand crafting scripts to retrieve this data)
- Opening a cdp on something like Makerdao (which parts of this are taxable events / how do I file it?)
- What counts as a wash sale? [0]
- What are allowable methods of tracking cost basis?
- How do I handle hard forks?
Some of these are partially answered, but none of it is clear at all.
Some examples of things that are complicated:
- Trading ERC721 tokens (there are no tools to track down these transactions, track cost basis, etc - I ended up spending days hand crafting scripts to retrieve this data)
- Opening a cdp on something like Makerdao (which parts of this are taxable events / how do I file it?)
- What counts as a wash sale? [0]
- What are allowable methods of tracking cost basis?
- How do I handle hard forks?
Some of these are partially answered, but none of it is clear at all.
[0] https://help.cointracker.io/taxes/us-taxes/do-wash-sales-app...