The current tax bill which will go into effect in the USA does not allow "like kind' anymore on Crypto.
This means that when I xfered LTC to BTC and did like kind exchange (shapeshift.io a like-kind exchange) I was supposed to keep track
In that most of my crypto transactions, were simply to pay bills or get equip from A to B and not on the exchange long...this will be minimal for me
for those folk trading between crypto on like-kind exchanges you could be in for a world of hurt
in that IF the tax law is signed in 2016 it APPLIES to 2016....
I used
www.bitcoin.tax free site options to see what I did mining simply by plugging my BTC, LTC, and DASH
mining addresses in.....so that is taken care of
but I don't do excel...so can't get the format right to get a CVS file of in /out transactions (even thou most were only a few
days to get equip or hoard a month for equip buy) .... so if anyone looks into this and can figure out this simple excel
field names from their example feel free to post here or PM me for a BTC or LTC tip!
anyway.....this is gonna suck for some folk
brad
(luckily, kept only 3 mining addresses all year and I can do this by hand..but the bitcoin.tax site looks pretty slick ...even thou
I can't seem to figure out some of it!...at least I verified my by hand mining income was correct...before I choked)