Ugh, I know what my gains were in 2017 from selling Bitcoin Cash.
But obviously I never got a form 1099-B from the exchange I used. So can I complete the 1099-B myself? Do I also have to complete form 8949 myself as well? Do I list the exchange as the one that is reporting this gain to me on form 1099-B even though they did not issue the form itself?
I swear, I really want to not report this income since no one is issuing me any type of documentation, and part of me thinks that claiming this gain is going to create more questions than if I did not report it.
I'm just trying to report around $7,500 in capital gains. Anyone have any advice?
I'm using www.taxact.com software
But obviously I never got a form 1099-B from the exchange I used. So can I complete the 1099-B myself? Do I also have to complete form 8949 myself as well? Do I list the exchange as the one that is reporting this gain to me on form 1099-B even though they did not issue the form itself?
I swear, I really want to not report this income since no one is issuing me any type of documentation, and part of me thinks that claiming this gain is going to create more questions than if I did not report it.
I'm just trying to report around $7,500 in capital gains. Anyone have any advice?
I'm using www.taxact.com software
I don't know about any crypto currency exchanges that issue 1099-B form. It is only from the legal stock brokers and exchanges, you will get 1099-B. SO now you have to rely on trade history section of your tradings exchange. They should provide you with a P&L statement comprises all your trades in a summarized version. In absence of 1099-B, you can use that P&L statement to file your taxes with IRS. There should not be any issue. The idea is to properly report your incomes. the P&L statement should cover that.
