Sold eth for fiat on coinbase...
How do I do my taxes for this shit ?
Only bought on coinbase, held, and sold... never transfered
>>2493324
Don't withdraw less than 10k or you will be fucked by SEC
>>2493324
Just tell the tax office that you found bitcoins on the ground.
>>2493333
...less than 10k?
>>2493324
how long did you hold? if you held for over a year you pay long term capital gains tax, usually being 0. if you held short term (less than a year) you pay within your tax bracket. you're probably looking at 15% capital gains tax unless you're making over 30 grand a year. fill out a 1040 d when tax time comes and log your two transactions and that's it.
Wtf? You just made this thread 20 minutes ago
>>2493364
It was short term and I realize my mistake now. I sold a portion for less than 1k usd. I made multiple purchases but will calculate by the FIFO method to realize the gains. Thanks