Grayscale Bitcoin Trust (GBTC)

[Tenured]

Good question. Maybe use the amount on the exchange you use to trade???? I don't think crypto is on the front burner of the government yet due to all the other stuff happening

Lots of mystery and confusion. It will get cleared up at some point but not in 2018 IMO. The government has to be clear about crypto and the infrastructure has to be place. Your experience sounds manageable for a few coins exchanged but what happens when you have a couple of hundred or thousand coins and no system in place to track and designate lot order of sales like you can with stock? Lots of improvement needed.

The government wants its money and they will figure out s way to explain it and have us understand and follow rules at some point.

It's estimated that taxes on crypto gains is in the neighborhood of $28 Billion this year.