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It's not that diffiult really - most exchanges allow exporting historic transactions, and there are tools popping up that help to organise it all for the tax pu

• cloakandswagger 9y ago
  I use Coinbase and yes, it was that difficult. I didn't receive a 1099 from them, so I had to use their "Cost Basis for Taxes" report. That might've worked, except it doesn't delineate short and long-term gains, and even worse it counts every transfer to GDAX as a sale. That meant hours of pouring through GDAX's even more bare-bones reports to figure out which coins were sold, which were kept, which were transferred back to Coinbase or to other wallets, which coins were held for longer than a year... That process, across several different cryptocurrencies and thousands of transactions, took 8 hours of work. At the end of it all you're left with the sinking worry that you overlooked something and are overpaying or underpaying.
  • chanfest22 9y ago
    Oooof! Consider checking out tools like www.cointracker.io that help do this for you automatically!