The-Tax-Lady
Level 9
‎02-16-2021 08:43 PM

Client included a Transaction Report from Coinbase reporting the sales and purchases of Bitcoin for 2020.

There is no Cost amount or purchase date on the sales. Checked IRS.gov but I'm still not sure how I figure the gain/loss and short or long term. 

Any advice would be appreciated. Thanks. 

0 Cheers
rbynaker
Level 13
‎02-16-2021 09:17 PM

If the "Wallet" is not keeping track then you probably need to dump the entire account history into a spreadsheet.

https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-curren...

 

The-Tax-Lady
Level 9
‎02-16-2021 09:56 PM

OK, I'll ask the client. Thanks.

pippagray
Level 1
‎06-26-2021 08:50 AM

Have you ever thought about the fact that some settings may be disabled in your account? And because of this, the transactions made by your client are not displayed.

BobKamman
Level 15
‎06-26-2021 09:05 AM

Why does this message board offer a spot to click for "Cheers," but not one for "Sympathy" ?

Just-Lisa-Now-
Level 15
Level 15
‎07-02-2021 07:07 AM
Your post makes no sense, and your unsolicited link has been reported.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
dascpa
Level 11
‎07-02-2021 08:34 AM

Coinbase does not supply us with the tax input information we need.  The client needs to subscribe (and pay) for CoinTracker.  That will give us Form 8949 information and makes life really easy.

View solution in original post

The-Tax-Lady
Level 9
‎07-02-2021 04:57 PM

Thanks for that info @dascpa. 

Just-Lisa-Now-
Level 15
Level 15
‎11-03-2021 08:47 AM

Reminder: Don't click unsolicited links in random posts, this one has been reported.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪