Any recommendations for tracking your #crypto holding loss/gains? Not planning to hold any very long but figured I should be prepared for next year’s taxes.
@annamuneca
A lot of it depends on where you are living. If in the US Coinbase will give you an accounting at tax time. Also depends on what you cash in and when. Last time I checked the IRS doesn't get a report on anything less than 20k per year. Again, Location counts. #crypto
@sghamel that helped some!
@annamuneca
If you live in the US and have owned it less than a year it will be taxed as short term capital gains. That is the basic rule of thumb there. Sorry if I am not much help.