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RE: Can Someone Explain This IRS Bitcoin Page?
If you trade a lot or find keeping detailed records overwhelming then try a service like bitcointaxes.com. They can read transactions from your exchange(s), calculate your gain and tax, and even print your IRS form. Invaluable. Reasonably priced.
Poloniex gives an option to export your trade history CSV. This is the most detailed the report can possibly get, with time stamps, fees, and profit/loss. Would this not be acceptable to the IRS? I feel that it MUST be sufficient. In a situation where I only trade on Poloniex I would hope this is acceptable.