Hypothetical Taxation Discussions ( BTC to USD, BTC to Gold to USD, etc.)

[CoinEntropy]

I'm quite curious. What is the difference if I were to buy gold from amagimetals and then to USD for tax purposes compared to bitcoin to fiat?

I also have a hypothetical situation. Say I have zero proof as to how I got the bitcoin when I'm writing logging my capital gains (private chats of temporary names P2P, when bitcoin was under $10, and receiving bitcoin gifts, etc.) How problematic is it when filing tax forms on capital gains if I cannot prove my initial investment?

[CoinEntropy]

Bumping for interest.

[NewLiberty]

CoinWorld did a write up on what gold and silver are "reportable".
http://www.coinworld.com/Articles/ViewArticle/what-coins-are-reportable
(yet another reason to buy New Liberty Dollars over any government product precious metal)

Notice that reportable is not always the same as "taxable"

If you get a legal opinion from your lawyer, follow that advice.

Generally if you have income, or a gain, the IRS will consider that taxable if over thresholds.