taxer/resources/taxes.org

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Taxes 2017

Basic idea:

  • Make a list of all purchases and all sales in history.
  • Take the sales from 2017. Calculate capital gains. That's the bulk of the taxes.
  • Trades count as sale of crypto #1, purchase of crypto #2.
  • Already paid taxes for 2013…that should be accounted for in step 1.
  • BCH and BTG count as income: all deposits should be multiplied by the day-1 value and counted as incomeeverything else counts as capital gains.
  • BCH traded on the first day at $277, according to bitcoin.tax.
  • Apparently BTG opened at $479! Huh.
  • Uhh, some Coinbase "sends" are really sales. Look for "Sent to Coinbase".
  • Coinbase sent to Vault of Satoshi, where they were sold. Should be considered sold…but I don't know how to calculate the tax. Anyway, I paid it in 2014:

    • 1AF6ZPez9NFc7nUfJtwBgod6aWcYaDTi3F
    • 1LTrqFApTvfSn415Rjs1ukCVN149zADxxJ
    • 1LTrqFApTvfSn415Rjs1ukCVN149zADxxJ
    • 18as544Wxg3ZScCZo7fjWSV4JGUhsLv6AR
    • 18as544Wxg3ZScCZo7fjWSV4JGUhsLv6AR
    • 1GxxcLKjqHD1wZWoZ3KNgiqjQonGDpZS4
  • Definitely gifts:

    • 1L4kschshGtKJPM3T5RXhBJYtEHhFa3xq (Omar)
    • 18Co5639x3Dp1EExfbgEzBKXYn329cwYKt
    • 17XNrTEqMe4PkUcCFVaihW7Yu2gFasaKxM
    • 15My27F2QLkLrZ3bqR8SSUHHrCKwQyGeLd
    • 1Ae5kmNpAweTDGGguQCK55G84LDcHArJYn
    • 1G3GM7izNsegWnxTB3RbuXAkC9YZxfeYP1
    • 18Co5639x3Dp1EExfbgEzBKXYn329cwYKt
  • Purchases:r

    • 1EjPaprQpLmPPJnfECRg9jK9v7eyEYkBNH
    • 1Nc59oJunufbRe6uhqByJ1Kop19tqTQ1hr
  • Vircurex:

    • 1FripmTRgNFx6M2C7udeDWKYW8wfR5vuUU
    • 1FripmTRgNFx6M2C7udeDWKYW8wfR5vuUU