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RE: Crypto & Tax: Why it matters and what you need to know – Intro to Series

in #finance7 years ago

This is a great post! I think a critical part, and an immediate part is record keeping. Maybe a post on what information to collect from each source would be helpful at the beginning of your series of reports. For example, I just started in crypto and I quickly realized I needed to collect the following: Company, date of trade or purchase, amount of trade or purchase, trading/exchange fee. You would need at least this amount of information every time money/crypto currency changed hands since you have to show whether there was a profit or loss. It is difficult to get this information from some sources. Just some ideas. Thanks for the post.

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