/biz/ - Business & Finance

>>8905659
>I made over 1000 trades.
Every time you sell you need to add a row to this form.
calculate PnL = Proceeds - Basis
(i.e. PnL = Sale price - Purchase price)
PnL is in USD, so I don't know how you do crypto for crypto trades...

Every time you sold coin in 2017, you need to enter a line on this form.

You have until April 15 to complete this task.

>>8447536

>>8346358
>Why would you hold
Every time you sell you need to add another row to this form. (for burgers)

>>7350107
>No idea
Just use this form to calculate your tax.

>>6676895
It's not the IRS's job to match up your buys and sells and calculate your PnL.
That's your job using form 8949.

>>6512259
Yes, but don't forget to fill out form 8949 for taxes.

>>6419153
Everytime you sell a stock, you need to add a row to form 8949 for tax accounting.

Just want to make sure you understand the work you are creating for yourself by trading stocks.

Everytime you sell crypto you need to add a row to form 8949 for that tax year.
Profit/Loss = Proceeds - Cost

>>6352198
There's also a lot of tax advice on /biz/ related to cryptos.
I didn't even know I had to fill out these 8949s.

2017 taxes are due April 15th and it takes a while to match up all the buys and sells, so it's a good idea to get started on this asap.

Don't fuck yourself by waiting until April to do this.

Now /biz/ tells me I need to fill out pages and pages of this 8949 form for the IRS.

Even with a spreadsheet this is going to take my at least 20 hours to do.

This is going to kill me.

>>6315623
>do you think it would apply to crypto?
No. Definitely does not apply to crypto.
Use attached form for crypto.

EVERY time you sold any coin in 2017 you need to add a row to this form and calculate your profit or loss for that closing (selling) trade.

No you can't just calculate your overall profit or loss from all crypto trades in 2017.

You have to break it out trade by trade.