2017 tax filing experiences - crypto

[eddie13]

Have you filed your 2017 taxes yet? Did you pay taxes on your crypto?

Cool! Tell us all about it!
Your story, your experience..

Feel free to be vague about amounts and whatnot but I would like to hear about how you filed, how you accounted for what, etc.
I think many of us would..

I don't know about you guys but I just took a peek and I have over 36,600 trades on one exchange alone.. One of more than a couple..
It's impossible for me to account for every trade and every transaction..

What do?
What did you do?


Mostly interested in US taxes but feel free to post others I suppose to help everyone on the frum..
Have a crazy China crypto tax story to tell? Go for it..


Self modded incase trash..

It would be awesome to get a good informative thread going here about this topic..

[Kakmakr]

My experience was a nightmare, because most tax advisors have no clue what they are talking about, when it comes to Crypto currency matters. The one will tell you that it is an investment and the other will tell you that it is a share trade and that it should be seen as a revenue transaction.

The policy and guidelines from the tax authorities are vague, so you will have to make your own decision based on your interpretation of these guidelines.

Most of these tax advisors just want to make money, so you never get a straight answer.