If you have paid taxes, you know the process is complex and a hassle. Especially when declaring disruptive assets like cryptocurrencies. Nevertheless, this daunting process is being solved by several tax and portfolio management tools. But how are you to…
Before CoinTracking went online in 2013, crypto traders had to use custom-made spreadsheets to keep track of their transactions if they wanted to stay on top of their taxes. CoinTracking reduces this paperwork burden through the use of automation. The…
The complexity of crypto taxes is often underestimated by individuals and firms completing their forms for the first time. The Internal Revenue Service (IRS) mandates that every transaction must be reported in U.S. dollars line-by-line along with the purchase price because they are taxed as property.
It is officially tax season in many countries throughout the world—the United States included. This means that millions of people are taking the time to get their documents and investments for tax reporting, including their cryptocurrency. In this guide, we walk through five commonly asked questions about cryptocurrency tax to help you gain a better understanding of crypto-assets taxation.
