Tax season & BTC in the USA, what the ****?

[lopez cryptomania]

So how are you guys doing your taxes? I understand buy and holders don't have anything to report but being that any and every trade is taxed then what happens if you bought alt coins but didn't sell in 2017? Would you still have to report it? Since you technically bought BTC or Ether and then made a transaction to buy your alt coin and when you did you might have had an increase in your coin so what do you do regarding that if you still didn't bring gains to fiat, but had a gain and bought alt coins..?

Ppl that have filed crypto taxes opinions welcomed thnx cryptoverse

[lyfecoin]

I think,you have to declare all your assets (Holds) and the gains.Better declare than be sorry
Cos IRS is collecting info from major exchanges and may check with your returns

[innocent93]

I don't trust in the public system but, as the previous repost you should make public all your incomes from crypto because for example Al Capone didn't get jail for the crimes but because of the IRS so don't underestimate the power or the measures that they will take.

[lopez cryptomania]

I don't trust in the public system but, as the previous repost, you should make public all your incomes from crypto because for example Al Capone didn't get jail for the crimes but because of the IRS so don't underestimate the power or the measures that they will take.

A great point they are not to fool/mess around with. I guess the question is I'm not daily trading I simply bought another coin w the big coins btc and ether literally only 2 alt coins w those two bigger coins, and have not cashed out just held. So do I still have to declare these two "trades" since I bought it w btc and eth that grew a little since when I bought them initially so report that gain before I bought?