Ok, thanks for clarification
On Tuesday, October 31, 2023 at 5:30:39 PM UTC+1 erical...@gmail.com wrote: > No worries. I suspect that a lot of crypto traders/investors fall into > these categories: > > - Casual users who make minimal trades on one or two exchanges. These are > probably adequately served by existing commercial offerings like > cointracker.io etc. > - Professional traders who already have some other professional commercial > trade recording/reporting software. > > For people in between, who are doing something more complex (multiple > exchanges, offline wallets, mining income, large numbers of transactions or > lots) but are not professional traders, I suspect that probably most tax > returns are full of errors that neither the filers nor the IRS are readily > able to untangle. If the amounts are low, then it's not worth either of > their time. If the amounts are large, I am not sure. I talked to a tax > preparer, asking how one would verify the numbers, and he said that > probably you'd have to engage a mid-to-large accounting firm and hand them > your raw data -- not sure how they would analyze it. He also said that > with the IRS it would probably be a bit hit and miss how an auditor would > handle or analyze it -- they probably wouldn't be reading one's Python > code, no :) > > My goal with Magicbeans was to generate PDF reports which lay out the lots > in both inventories and transactions such that one could actually manually > match everything up, even if it would be tedious. The goal was to be able > to walk into an IRS office with that report and be able to justify the cap > gains/losses of any sale someone questions. > > On Thu, Oct 26, 2023 at 1:11 PM Chary Chary <char...@gmail.com> wrote: > >> I know this is an offtopic, but I am just wondering: if it takes that >> much efforts plus python programming skills to file a tax return, then: >> >> >> - How do other people (mortals) do it? >> - How on the earth someone is able to verify it? One can't imagine a >> tax officer debugging a Python code? >> >> >> On Thursday, October 26, 2023 at 8:57:27 PM UTC+2 erical...@gmail.com >> wrote: >> >>> I recently filed my 2022 tax return using Magicbeans >>> <https://github.com/ericaltendorf/magicbeans/> to do detailed lot >>> tracking and capital gains/losses reporting for my crypto assets. >>> Magicbeans is a set of tools (importers and report generation tools) built >>> around Beancount. I wrote it because I was not satisfied with the accuracy >>> or transparency of existing commercial services for crypto tax reporting. >>> >>> Although I was confident enough in the numbers to file my return, I am >>> equally confident there's a lot of latent issues in the software. I am >>> looking for folks who (1) are interested in better tools for crypto >>> transaction tracking, (2) are willing to beta-test and debug some rough >>> software, and (3) are skilled enough devs (Python) to also contribute fixes. >>> >>> Hope to hear from someone out there... :) >>> >>> --eric >>> >> -- >> You received this message because you are subscribed to the Google Groups >> "Beancount" group. >> To unsubscribe from this group and stop receiving emails from it, send an >> email to beancount+...@googlegroups.com. >> To view this discussion on the web visit >> https://groups.google.com/d/msgid/beancount/bf16b50b-efe9-463a-a176-ce53960ef347n%40googlegroups.com >> >> <https://groups.google.com/d/msgid/beancount/bf16b50b-efe9-463a-a176-ce53960ef347n%40googlegroups.com?utm_medium=email&utm_source=footer> >> . >> > -- You received this message because you are subscribed to the Google Groups "Beancount" group. To unsubscribe from this group and stop receiving emails from it, send an email to beancount+unsubscr...@googlegroups.com. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/075e009b-e7f6-4120-a602-21a8f3d2c431n%40googlegroups.com.
