by wiidude32 on 12/25/18, 8:24 PM with 1 comments
by greenyoda on 12/25/18, 8:41 PM
The whole point of this post is to advertise the crytotrader.tax service, which seems useless: any generic tax prep software (TurboTax, etc.) can generate 8949 forms and Schedule D automatically (as well as the rest of your tax return), so why would you need any extra software to handle cryptocurrency transactions for you? TurboTax can even import data directly from financial institutions, and presumably the crypto exchanges provide a standard file format that's importable directly into TurboTax.
> This way you can skip the upcharge of an expensive “crypto accountant”.
Why would you need an expensive accountant? Trading cryptocurrencies generates simple capital gains/losses just like selling any other asset. Any tax software can handle this. Is there even such a thing as a "crypto accountant"?