Do I have to pay taxes on crypto? - Scams, Risks & Regulations https://totemfi.com/scams-risks-regulations/do-i-have-to-pay-taxes-on-crypto-I7pcp/ TotemFi.com Discussion Board - cryptocurrencies, investing en-US Fri, 15 May 2026 11:28:01 +0000 wpForo 60 https://totemfi.com/scams-risks-regulations/do-i-have-to-pay-taxes-on-crypto-I7pcp/#post-434 Fri, 15 May 2026 06:42:36 +0000
  • Phase 1: Isolate all fiat-to-crypto purchases and set them aside.
  • Phase 2: Filter spreadsheets by TxHash to manually match my ETH sells to USDC buys.
  • Phase 3: Calculate the exact spot price at the minute of execution to find the cost basis.
    • Here is a snapshot of my current situation so you guys can see exactly what I am dealing with:
    Transaction Type Volume (2023) My Guess on Tax Status
    Buying BTC with USD 12 trades Not taxable yet
    Swapping ETH to USDC 412 bot trades Totally clueless
    Transferring to cold storage 3 withdrawals Safe... I hope?

    Help a guy out

    Before I drop hundreds of dollars on specialized tracking software, I really need a reality check from anyone who actually survived a tax season with heavy trading volume. Are crypto-to-crypto swaps automatically taxable events even if the profits never touched traditional banks? Any brutal honesty would save my sanity right now.]]>     Scams, Risks & Regulations DefiNerd https://totemfi.com/scams-risks-regulations/do-i-have-to-pay-taxes-on-crypto-I7pcp/#post-434