Taxes for mining income (anyone use Bitcoin.tax)

[adaseb]

In the past I did all the mining and capital gain taxes manually, which is very tedious work.

Wondering if anyone had luck with a service such as Bitcoin.Tax if you mostly mined alt coins such as ETH,
ZEC, DCR,SC and sold those for BTC. Then you hodl'd that BTC that you later sold for fiat and withdrew.

Issue I find with Bitcoin.Tax is that you can only include ETH in your mining income section. How can you include other coins such as ZEC and DCR? There is a way to include it manually by going date by date per coin would be even more tedious.

So if I upload my Poloniex trade history, it will have mostly orders for selling ZEC for BTC but how will it work since the program doesn't know how I acquired the ZEC to be able to sell it.

Seems that Bitcoin.Tax is not very friendly to miners.

Let me know your input

[1715623024]

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[1715623024]

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[1715623024]

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[1715623024]

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[bucketofsocks]

I used cointracking.info and it worked pretty well unless you have a lot of old bittrex transactions as their API is broken. I imported history from several exchanges and then had to manually change deposits to mining income.

[Vann]

If you use a specific address for mining BTC, BCH, ETH, ETC, DASH, LTC DOGE ot NMC it's very simple to import your mining income in to Bitcoin.tax. When you import an address from one of theose coins, it will treat all incoming transaction from 2017 as mining income and determine the FMV at the time it was received. For other coins you can imort a core wallet .csv file or upload your own csv file with the pool payout transactions. The latter works for almost any coin that is listed on coinmarket cap. If you only have a few transactions for a coin, you can also input them manually.

If you latter traded your mined coins for other coins or sold them for fiat, you can import the exchange data from Bittrex, Binnace, Poloniex, Coinbase, GDAX, Kraken, etc. or manually and Bitcoin.tax will keep track of your positions to determine your capital gains. After you import all your data, it will generate a Form 8949 statement with all your trades and calculate any short-term or long-term gains. Very easy and straight forward to use.

[adaseb]

Yes importing the mining income seems pretty easy. Already done that part.

The issues I am having is with the capital gain calculations after I loaded Poloniex trade data. For some reason certain trades are reporting incorrectly. There is a margin trade that I closed but it registers it as still being active.

Anyone getting any bugs while importing Poloniex trade data?