Long John wrote:jcz1 wrote:Isn't it true that you can see transactions scroll by on at least one of the exchanges? The IRS can see that too. And guess what? Every transaction involves a seller.
Yes, orders scroll, at the speed of light sometimes. But there's no buyer or seller information, just the price. At least on the exchanges I've traded on.
My point was the sheer number of transactions means lots of people are selling. The IRS can easily count this, and make some assumptions about the number of expected gains and losses reported.
Of course, it could be the same 802 people from 2015 doing those transactions.