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.
Don't stress, you can always estimate and file an extension.
Wait rly I can estimate and then file an extention? How does that work? So I just estimate it and then try to calculate it better then submit a more precise version some time in the near future.
Pretty much, read the instructions that come with the tax forms. They have extentions for that reason.
But to file an extension wouldn't it have to be a legitimate reason such as hospitalization or something that could prohibit u from doing taxes.
I used to own a buisness and I filed an extention ever year. Didnt need a reason I didn't even estimate how much I owed, so I would get a small fine evey year after I filed,for not sending a payment April 15. I would think about hiring a professional if they are complicated.
Things may have changed I don't know, I now just file the easy form.