Exchanges reporting crypto gains to IRS becomes tax nightmare

The IRS can now see your crypto gains, but has no idea about the cost-basis. That’s proving to be a big headache for some cryptocurrency investors.
Source: Exchanges reporting crypto gains to IRS becomes tax nightmare (https://cointelegraph.com/magazine/exchanges-reporting-crypto-gains-to-irs-becomes-tax-nightmare?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)