2018-6-11 16:38 |
Filing taxes has always been a headache. To be absolutely sure of including all the data, computing everything to the point, and calculating each figure correctly gets troublesome. It is only so troublesome in fiat money, can you imagine what it would be like to file cryptocurrency tax? Aren’t cryptocurrencies tax-free? Yes and no.
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For crypto owners looking to estimate how much they owe in taxes, there are some platforms with a free crypto tax calculator. They integrate with major crypto exchanges and wallets, allowing you to import your crypto transaction data and start calculating your taxes for free.
The age of cryptocurrency as magic internet money is well and truly behind us. Cryptocurrency accounting, or at the very least, a crypto tax reporting solution, is now a must-have for anyone touching digital assets.