ETax847 Posted December 15, 2017 Report Share Posted December 15, 2017 Anyone have clients that have traded Bitcoin during 2017? From what I understand, Bitcoin exchanges will not be providing any sort of tax document. Has anyone heard any different? Do we rely on our client's to self report their gains? Quote Link to comment Share on other sites More sharing options...
Lynn EA USTCP in Louisiana Posted December 15, 2017 Report Share Posted December 15, 2017 Compass is having a one-hour CE on Bitcoin Monday - presenter is Tom Gorczynski, EA, USTCP. https://www.compasstaxeducators.com/ $39.00. 1 Quote Link to comment Share on other sites More sharing options...
Roberts Posted December 15, 2017 Report Share Posted December 15, 2017 As I understand it, some exchanges WILL provide a 1099 if they collect the required data AND you bought or sold $20k at any one time. Most exchanges don't collect the data because of privacy issues and the fact they are foreign based. In my opinion it's like old stock cost basis, they provide you with the details and you have to trust them. 1 Quote Link to comment Share on other sites More sharing options...
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