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What tax software are you using? If it's all on one exchange you can likely just import your 1099 and it'll calculate all your tax lots.

Now if you have like six exchanges, credit card rewards paid in bitcoin, eth that was swapped for bitcoin, then it becomes a huge mess.

Thekid.999 9mo ago

Im not using any software. Does some like this exist.

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Discussion

code monkey 9mo ago

What do you use to file your taxes? Do you not electronically file? I haven't used it but even cash app has direct filing at cash.app/taxes

Since it's just a 1099 you should be able to just use TurboTax or any service, though you may pay $60 or something to efile. The hard part is making sure you have an accurate 1099, which it sounds like you have already.

Thekid.999 9mo ago

Ohhh soo im stressing for nothing. I haven't filed in like 3-4 years tgats why. I think i should do something about that hahaha

code monkey 9mo ago

Yeea yeea I think so if you got the 1099 you should be all good to just import it. I would definitely file, no one wants a letter from uncle sammy

🇵🇸 whoever loves Digit 9mo ago

Technically in the US taxes should never be filed by individuals