So last year 2018 I got wiped out. I basically had to sell all my holding in Binance and coinbase to pay my 2017 tax bill (~$14k).This year I'm using bitcoin.tax, I'm figuring since I ended up selling at a loss I might be able to take advantage of that for my 2018 taxes, but once I imported all my coinbase/Binance transactions it's saying I owe ~$1500 in taxes for last year...I'm been sort of out of the loop since I basically ran out of money last year - is this something many people are getting hit with? Is this thanks to doing away with the like-to-like provision for crypto in the 2018 tax bill?I think I sold about $10k worth of crypto at the start of the year, then bought, then sold again to pay my taxes. The wife just won't stop telling at me :(
Submitted February 08, 2019 at 07:22AM
No comments:
Post a Comment