Hi guys,
First off I'm a UK resident and have read the guidance but I'm still confused and worried.
As many others I started trading crypto in 2017 without any knowledge of the taxable events that followed. I must have done over 1000 trades working my way up from an initial investment of around £1200 (small fiat injections over a few months here and there) to something in the range of £34,000 during the bubble.
I used large exchanges such as Binance, Bitfinex, Bittrex etc. but also did a lot of trading on DEX's such as EtherDelta between a LOT of different assets which I have almost no record of apart from small details in a notepad (but far from enough to paint the picture).
My issue is I've imported almost all of my data into Cointracking from the exchanges that I have access to but the picture is extremely patchy and doesn't add up.
I also over this year invested £2,000 in June, £1000 in October and £250 late December 2018 bringing my total fiat investment to roughly £4500 although now my portfolio is only worth half of that with split between 3 tokens.
Originally I thought this would be simple - I put money in and when I take it out I pay the tax on the gain. Now I've lost a lot of money and am way under my fiat investment. I just want to cut my losses and start again as it's near enough impossible to sort these taxable events out from the beginning. Since I invested the £4500 and my tokens are worth only £2300 would it be possible split my £4500 fiat over my 3 tokens as if I had directly bought them forgetting all the trades before? I honestly can't see any other way out of this and have been trying to work it out for days now and it simply doesn't make sense when trying to report the true events.
I honestly can't see any other way and am extremely anxious about the whole situation.
Any help would be a godsend.
Thank you.
Edit: I'll just add that all but my last two fiat injections (£1000 Oct & £250 Dec through Coinbase - and simple to log) were using LocalBitcoins.
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