Hi @wagner4599 ,
Thank you for joining us today! It sounds like you were actively buying crypto in previous years using different wallets and now you have started to sell. Bitcoin itself does not track the gains and losses.
Crypto.tax.trader is CoinLedger . You should be able to enter your credentials for each wallet and CoinLedger can help determine your capital gains or losses on the Bitcoin sales and generate the proper tax forms. You can then use this information to complete your 2023 tax return or import directly into TurboTax.
Depending on how much was sold, some exchanges do send a Form 1099 B to the investor and to the IRS. Most of these forms only list the sales proceeds not the actual adjusted basis. You will need the adjusted cost basis to determine your net gain or loss. You can refer back to your records but a platform like CoinLedger can help consolidate your transactions and prepare the tax information you need.
Thank you!
MelanieCPA
