As per the title, I have been trading crypto since 2017. I have not 'cashed out' more than the capital gains tax free allowance into my bank during that period, however, I have now just learnt that crypto-crypto trades are taxable events and I will need to report these, and I am panicking.
At one stage, I was trading significant sums (50K-100K), with on-paper profit close to 200K. The market crashed and my portfolio value dissipated, I consolidated certain coins into Bitcoin to prevent hemmoraging in 2023 at a loss and have left it untouched since then.
I will be contacting HMRC this week, but I would like to know how far back I will need to report? In 2020, at peak activity I must have made 1000+ transactions which as you can imagine will be a bit of a pain to collate.
Is there a cutoff point for this kind of disclosure?
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