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Message: <blockquote data-quote="Kid Twist" data-source="post: 1108118" data-attributes="member: 10894">What if you are gifted BTC or someone pays you in BTC for anything or you exchange cash for it as investment but it's not through coinbase, etc.?Do you then report it as an "investment" property that year on your tax return so later on if you want to sell and cash out you can provide a cost basis?Here's an example. I somehow get 10k + but less than 20k in bitcoin, let's say 3 coins. What do I do if that's not purchased from an exchange like coinbase to give me paperwork? What if you forget to do any of this entirely, had 3 coins and in 5 years a coin all of a sudden each coin was worth $55k? What would you do then?</blockquote>