Tracking Crypto Transactions

A very common question in our webinar registration page was, “How do I track crypto transactions for tax? We want to get it right and we don’t want to pay any more tax than we need to. We want to pay the tax we legally have to, and not a cent more.”

If your affairs are simple, there are exchanges who give good reporting. Otherwise, if you’re trading or doing anything complex, then use a crypto tax specific app namely;

  • Koinly.io
  • CryptoTaxCalculator.io
  • CoinTracker.io

We also recommend paying the fee because it’s going to be a lot cheaper than an accountant sifting through a bucket load of your transactions. You can go through APIs and plug in your exchanges of all different accounts. All your transactions are actually fed into a tracking software. So please keep in mind to use something like that to get your tax records sorted.

 

Watch the full webinar, ‘Cryptocurrency Tax Masterclass’ at https://fb.watch/acHFQ4OHBc/

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