Crypto Taxes 2021
How are you calculating your crypto taxes for 2021 from exchanges like FTX, Coinbase, etc? Do these exchanges not provide a tax form or any type of PnL summary? #taxes #finance #crypto
Use cointracker, best and the easiest
Didn't Cointracker partner with Coinbase? or can we also use it for other exchanges?
True. Itβs a big issue for me also
CryptoTrader.Tax Easy upload with TurboTax.
Thanks, i'll check this out
I was confused here, Since cryptotrader used LIFO methodology and Robinhood uses FIFO. IRS says to file using one methodology ?
Cointracker- most idiot proof way. Also really depressing to see that you don't actually owe any money because your shitcoins crashed
ikr same, iβm trying to claim my loss π
Remember there's no wash sale rules in crypto, so you can sell to claim a loss and immediately rebuy
I've used CoinTracker and did koinly these year. Both are pretty simple
I may have to pay for cointracker.io. My CPA says he can't work with the garbage records from places like binance.us, crypto.com, Coinbase etc. Robinhood is the only one who provides something he can work with.
Exactly.. I'm having the same issue. How hard is it for these exchanges to just give a PnL summary?