I asked the other day and people suggested those crypto tax software's and I tried some and it was a pain in the ass, I'm scared as shit, I'm only 18 and don't want the IRS up my ass. I've tried multiple ones like Koinly, TaxBit and like 3 other, They all have issues of either not being able to support all of my exchanges and also adding a csv files wont work cuz its half ass broken. Plus their are so many errors of 'Missing cost basis' UGHHHH. I fucking hate myself and shouldn't of gotten into crypto.
edit: also im busy with so much other things in life rn and i cant handle it anymore. I know I probably shouldn't rant but I love u guys, the patriot movement is filled with ppl of positivity so. thought id rant.
First, well done on investing in crypto. I’ve been in for five years and am in my 40s. It’s a significant piece of my investment portfolio. How I wish I knew this when I was 18. You’re ahead of the curve. Second, you need to know how many times you created a taxable event- using a coin to purchase another coin. If you used cash each time you purchased a coin, you shouldn’t have any taxable events. Third, the crypto tax softwares you listed suck. They all do. They’re not useful enough yet. Hopefully one day they will be. I used cointracker.io which has its own bugs to iron out. Plan on spending some time. I made a lot of moves this year so it took me almost ten hours. You can do it. It’s better than not filing the taxes, unfortunately. I hate taxes!