So i sold a small part of my bitcoin for USD, then used that money to buy bitcoin and sell for USD, over and over.
Then the tax calculator is saying i owe a shit ton of tax. Its way more than the value of the BTC i was trading back and forth. I havent touched the other coins since I first bought them. How do i avoid paying tax on the bitcoins I never sold?
>>3079246
are you doing it wrong?
Whatever you made overall minus w/e you spent in cash to buy in total.
That's your capital gains, from there you need to check capital gains tax