Row 81085

Row ID: 81085 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 81085 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

This is my first bullrun actually putting large amounts of money in. I'm doing my best to keep track each transaction, but it can be a bit difficult with different wallet types, Dexs and Cexs, etc. Wondering if this method works for IRS filing :

I reviewed my bank account statements and found every deposit towards crypto. Summed all of that up, let's say 30,000$ was deposited. This 30k is allocated to 25 different cryptos.

Let's say in 12 months, my account is worth 210k and I just want to get out.

Now my bank account says -30k +210k. So 180k capital gain

Is it as simple as that? Do they need to know the 278 trades I made to get to that point? All the gains and losses overtime? Or do they only care about the final result?

---- United States ---

FieldValue
text This is my first bullrun actually putting large amounts of money in. I'm doing my best to keep track each transaction, but it can be a bit difficult with different wallet types, Dexs and Cexs, etc. Wondering if this method works for IRS filing : I reviewed my bank account statements and found every deposit towards crypto. Summed all of that up, let's say 30,000$ was deposited. This 30k is allocated to 25 different cryptos. Let's say in 12 months, my account is worth 210k and I just want to ge…
label r/cryptocurrency
dataType post
communityName r/CryptoCurrency
datetime 2024-05-24
username_encoded Z0FBQUFBQm5Lak1sNVQ0TEdmWndHWi1CVklqaEpDM3VuX2x6eEU4V0tSbUlKTHduNERtSjFXV1NsX0dvcnNsajVKQktuMkxsU1FWd2poLWVualV1bExnckRQdWZYRUlIZ0E9PQ==
url_encoded Z0FBQUFBQm5Lak8ydkc1UmtSWnNNb01PQy1UWVZGb3M2YTF1a2hkOGFvbmVXYjhiMkhPNFloVE01UjA2NUtJSHEzNGl0M0pIMnFYT29GM0pPeTdlOWZoU3lmQ0FfOWRvTTBGYVVic0Z5M01pTEVCQ05KTWNNdllQUVE2dEV2MEV2ekxZaHVhSzJGejFLZmRkS3FUQ1ZaZzRwemhsWExJS2NfMDczRUxlZVRrRno3RnNWQUg4UGt1bWZoc0hPOUVnUmpyOHhuazIwUnBw

Raw Record

{
  "text": "This is my first bullrun actually putting large amounts of money in. I'm doing my best to keep track each transaction, but it can be a bit difficult with different wallet types, Dexs and Cexs, etc. Wondering if this method works for IRS filing :\n\nI reviewed my bank account statements and found every deposit towards crypto. Summed all of that up, let's say 30,000$ was deposited. This 30k is allocated to 25 different cryptos. \n\nLet's say in 12 months, my account is worth 210k and I just want to get out. \n\nNow my bank account says -30k +210k. \nSo 180k capital gain\n\nIs it as simple as that? Do they need to know the 278 trades I made to get to that point? All the gains and losses overtime? Or do they only care about the final result?\n\n---- United States ---",
  "label": "r/cryptocurrency",
  "dataType": "post",
  "communityName": "r/CryptoCurrency",
  "datetime": "2024-05-24",
  "username_encoded": "Z0FBQUFBQm5Lak1sNVQ0TEdmWndHWi1CVklqaEpDM3VuX2x6eEU4V0tSbUlKTHduNERtSjFXV1NsX0dvcnNsajVKQktuMkxsU1FWd2poLWVualV1bExnckRQdWZYRUlIZ0E9PQ==",
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}
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