I get an SQL error:
Query failed: select count(*) as num from trades where user_id= and currency='BTC' and sold=0
Topic: [Ann] Analyze your bitcoin trading realized and unrealized gains. (Read 1474 times)
February 25, 2013, 09:30:32 PM
Whether you are planning on paying taxes on your bitcoin-related trading gains or not,
It should go without saying that we will all be complying with all local laws and taxing enforcement.
I think I speak for everyone in the community in saying that Bitcoin will not be used for tax evasion purposes.
I think they would all also agree that our government watchdogs that may read this forum are to be considered heros, perhaps on the level of gods if I may be so bold.
February 25, 2013, 01:18:41 PM
Whether you are planning on paying taxes on your bitcoin-related trading gains or not, I figured it'd still be nice to know what they WERE! Or if they were gains at all.
Which is why I now added to Bitcoin Builder a "gain / loss analysis" section at:
https://www.bitcoinbuilder.com/taxes/
You can upload your complete mtgox trading history (or use our own simple CSV file format for whatever trades you've made), and the site will automatically tell you what your realized and unrealized gains (or losses) are, as well as what portion of your realized gains are short-term vs. long term (broken down by calendar year). You can even choose a matching algorithm between FIFO, LIFO, Lowest Cost, Highest Cost, and "Tax Lot Optimizer" (match losses first, short term to long term, then do gains, long term to short term).
It will also automatically calculate your CAGR (compound annual growth rate) on your unrealized gains.
Enjoy! All the data is anonymous and you can wipe all records from our system at any time instantly with one click.
Which is why I now added to Bitcoin Builder a "gain / loss analysis" section at:
https://www.bitcoinbuilder.com/taxes/
You can upload your complete mtgox trading history (or use our own simple CSV file format for whatever trades you've made), and the site will automatically tell you what your realized and unrealized gains (or losses) are, as well as what portion of your realized gains are short-term vs. long term (broken down by calendar year). You can even choose a matching algorithm between FIFO, LIFO, Lowest Cost, Highest Cost, and "Tax Lot Optimizer" (match losses first, short term to long term, then do gains, long term to short term).
It will also automatically calculate your CAGR (compound annual growth rate) on your unrealized gains.
Enjoy! All the data is anonymous and you can wipe all records from our system at any time instantly with one click.
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