12-29-2021, 06:25 AM
Crypto Tax software is essential!
<!-- SC_OFF --><div class="md"><p>This year I’ve had a go at trying to do my crypto taxes calcs in Excel and by golly it’s hard!</p> <p>I also have accounts on CryptoTaxTrader and Koinly - both seem pretty good though it was a possible issue I had on the former that lead me to trying to do it by hand this year to check if I get a similar result.</p> <p>In any case I think good crypto tax software is essential. It would be good if they could sync to dexes too.</p> <p>Also, no one ever says it but tracking your taxes as you go through the year would be a good idea. </p> <p>How’s everyone else’s experience of doing crypto taxes?</p> <p>Edit: I can recommend Koinly over CryptoTax trader partly for the ease of use and partly as they can connect to Nexo. However both of them flag up missing cost basis for some transactions which by my own calculations is not the case (may be Nexo rewards but the amounts it's showing seem rather large to be that).</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ReddSpark"> /u/ReddSpark </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rqeunm/crypto_tax_software_is_essential/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rqeunm/crypto_tax_software_is_essential/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>This year I’ve had a go at trying to do my crypto taxes calcs in Excel and by golly it’s hard!</p> <p>I also have accounts on CryptoTaxTrader and Koinly - both seem pretty good though it was a possible issue I had on the former that lead me to trying to do it by hand this year to check if I get a similar result.</p> <p>In any case I think good crypto tax software is essential. It would be good if they could sync to dexes too.</p> <p>Also, no one ever says it but tracking your taxes as you go through the year would be a good idea. </p> <p>How’s everyone else’s experience of doing crypto taxes?</p> <p>Edit: I can recommend Koinly over CryptoTax trader partly for the ease of use and partly as they can connect to Nexo. However both of them flag up missing cost basis for some transactions which by my own calculations is not the case (may be Nexo rewards but the amounts it's showing seem rather large to be that).</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ReddSpark"> /u/ReddSpark </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rqeunm/crypto_tax_software_is_essential/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rqeunm/crypto_tax_software_is_essential/">[comments]</a></span>Kind Regards R