I'm using a spreadsheet to track every transaction and calculate capital gains/losses (FIFO method). It's a pain, but AFAIK the IRS requires treating crypto like the sale of a capital asset. It's very unfortunate for something I want to use as a currency rather than an asset.
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source https://www.reddit.com/r/btc/comments/d4v05k/what_are_folks_in_the_us_doing_for_taxes_on_bch/
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