authorized – How can I decide how a lot “features” I’ve had from Bitcoin?


I purchased a bunch of BTC in early 2013. Since then, I’ve purchased very small components of Bitcoin from time to time up till now, for a lot bigger (and growing) worth.

A lot of these “unique” cash have been misplaced. Whereas there was a “laborious fork gold rush”, I gained some extra from those I already had by claiming “Bitcoin Gold” and “Bitcoin Diamond” and every kind of such issues after which buying and selling them again to actual Bitcoin utilizing numerous non-KYC/AML webpages which allowed me to do that with out registering any account. I can not even keep in mind the title of these providers, not to mention the precise particulars of once I did it or how a lot I acquired.

I do not know whether or not the cash I’ve left in the present day are all from these unique cash, which I purchased for subsequent to nothing, or if a few of them are a part of those I purchased in later years, at a a lot steeper worth. I do not know how I would even determine that out.

With such a messy state of affairs, how can I probably calculate how a lot taxes I owe to the federal government if I had been to promote/spend my cash? I severely do not perceive how I can probably decide how a lot “features” I’ve had contemplating the messiness of all of it.

With this in thoughts, what am I speculated to do? Assume that every one the cash I’ve left are a part of my first batch of cash, regardless that it will imply that I’ve to pay taxes on mainly the complete steadiness? And even when I’m going that route, I can not show how a lot I paid or when. (It was Localbitcoins pre-KYC/AML.)

I do not perceive how I am speculated to determine this out, and the federal government’s web site is (in fact) to no assist. What could be probably the most cheap factor to do? Simply “chunk the bullet” and faux that I acquired all of the cash I at present have without spending a dime, and thus should pay taxes on the complete steadiness?

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