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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.
Solved! Go to Solution.
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If the "Wallet" is not keeping track then you probably need to dump the entire account history into a spreadsheet.
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OK, I'll ask the client. Thanks.
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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.
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Why does this message board offer a spot to click for "Cheers," but not one for "Sympathy" ?
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♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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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.
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Thanks for that info @dascpa.
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Reminder: Don't click unsolicited links in random posts, this one has been reported.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪