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<p>[QUOTE=&quot;GDJMSP, post: 1411117, member: 112&quot;]I always reported profits and losses on coins every year. Never had any problem with it. Of course I always got and kept a receipt for every coin I purchased, and one for every coin I sold. Then I just put all the info in an Excel spreadsheet, when I bought or sold a coin (meaning at the same time) and gave my accountant a copy of that spreadsheet every year. </p><p><br /></p><p>Always seemed pretty easy to me and I never once had a problem, an never once had anything questioned. </p><p><br /></p><p>But you do have to follow the rules. You get receipts and keep receipts for everything, no exceptions. You create the spreadsheet and keep it current - no exceptions. Don&#039;t follow the rules, then you got a problem.</p><p><br /></p><p>And if you can&#039;t find an accountant that knows how to deal with all of this, then you aren&#039;t looking in the right places. If you want, I&#039;ll give you an accountant&#039;s name, address and phone number that does know how to deal with it correctly.[/QUOTE]</p><p><br /></p>

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