Quoted from mbrave77:need to close loopholes on the high end for sure, but still dont think we should get a free pass on crypto earnings. Its income. I think regulation is a good thing long term as it legitimizes it.
So find me a tax account that can figure this out. I had 6 crypto miners running at various times when it was profitable, not as much when it wasn't. They cost money to buy. I sold or traded the mined crypto at any given time for fiat at probably 6 different exchanges. A lot of the time I put it into an online poker site (as BTC), played poker with it, won or lost then either cashed out or didn't. (as BTC which at the same time either went up or down) I also just made straight up deposits into Coinbase, bought crypto which could go up or down, then transferred it into the poker site, etc...ad nauseum. Best advice i got was to create an LLC, write off the crypto miners and all the electricity they cost. It's literally enough to make your head swim in sand. Which version of TurboTax SHOULD I HAVE BOUGHT????