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1  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies on: December 09, 2017, 04:31:50 AM
Cointracking questions:

1. How do you combine multiple transactions?  I'm using the automatic API from Poloniex and trying to group all my Poloniex lending transactions together since there's thousands of tiny trades.

2. How do you import transactions from a Ledger Blue?  I went to "receive" on my ledger and copied the bitcoin address there then plugged that in to my wallet import and created a new job.  However, it's not syncing any data.

3. How do I prevent overlap if I have multiple wallets and have moved the same coin between each wallet in the past?  For instance, I have a BTC balance on ledger and a BTC balance on poloniex.  And want to prevent them both appearing like I have earned twice the coin, when in fact it's the same coin.  Or does cointracking.info do this automatically for me?

4. How do I enter BCH transactions and trades?  I can't seem to find the option.
2  Bitcoin / Bitcoin Discussion / Re: [HELP] Tax Time: Where to cash out Bitcoin in the US?? on: December 03, 2017, 11:42:01 AM

 How difficult would it be to temporarily become a resident of a state that the Bitcoin exchanges deal with?


This has crossed my mind.  Renting out a house in a bitcoin-friendly state and paying utilities (maybe internet + electric + water) and letting it sit as a sort of headquarters for my bitcoin activity.

Or finding a trustworthy friend who lives in another state and putting my name on their utilities.  Then flying over and opening a local bank account.

I hate to be dishonest but this seems like a lot less of a headache than jumping through hoops / potentially be out of luck in my situation.

Once I have a local bank account opened in that state, and have proof of address, I should be good without needing to verify further down the line.

But this is a longterm play, whereas with tax season I have until April 1st to secure payment.  Huh
3  Bitcoin / Bitcoin Discussion / Re: [HELP] Tax Time: Where to cash out Bitcoin in the US?? on: December 01, 2017, 07:56:48 PM
Where's all the fiat you received when you cashed out your coin?


Unfortunately that wasn't what pushed me over the edge this year.  The Bitcoin Cash and Bitcoin Gold received this year is what did me in.
My accountant confirms I need to report those hard forks, and the gains realized from just those alone will push me into a tax bill of at least $100,000.

Edit: To clarify, just receiving the hardforked coin is enough to create a taxable event.  Even though I haven't traded either out to fiat or another coin.
4  Bitcoin / Bitcoin Discussion / [HELP] Tax Time: Where to cash out Bitcoin in the US?? on: December 01, 2017, 06:50:26 PM
The end of the year has come and with it, tax time is imminent.

My issue is that I've realized enough capital gains this year so that the amount I have gained in Bitcoin surpasses the amount of fiat capital I have to make equivalent payment to the IRS for these gains.

I am now forced to sell some Bitcoin to meet my tax payments.

However, I'm a Hawaii resident and exchanges are restricted from operating in Hawaii and servicing Hawaii clientele. (https://www.coindesk.com/coinbase-just-stopped-serving-bitcoin-hawaii/)

So Coinbase closed my account back in February when the law was passed.

And cex.io claims Hawaii residents are not being serviced until further notice.

I have a Kraken account, but haven't been able to find a bank that will let me open an account to link to Kraken.  (Tried linking my Hawaii bank accounts and neither are eligible).

Any advice is appreciated.

TLDR: I need to cash out a six-figure sum to pay my Bitcoin capital gains taxes.  Bitcoin spiked from $1000->$11000 this year and unfortunately I don't have enough USD/cash to pay capital gains on Bitcoin.  Can't find a method to cash out that's not severely limited to less than $2000/month.  My accountant is also stumped and doesn't know what to do.  He does say if I don't find a solution the IRS doesn't care and will just penalize me until I can pay.(Upl
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