Important guide on crypt taxation provided by David Kemmerer - CEO of CryptoTrader.tax.
Millions of cryptocurrency users face a challenging problem when it comes to staying compliant with tax laws. Due to the way the digital asset is treated by governments around the world, it is most often subject to capital gains and losses rules similar to stocks, bonds, and other forms of property.
This sparks a wide variety of problems for consumers, cryptocurrency exchanges, tax professionals, and other platforms that need to provide both cost basis data and fair market value data to properly report the asset for tax purposes.
CryptoTrader.Tax is a platform built to solve this challenge, and with its 2018 partnership with tax giant TurboTax, it is now bringing cryptocurrency tax services to the mainstream.
📍Learn More at:
https://bit.ly/3nXKAfb
⚠️IRS Guidelines
https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions
📚Shoe Dog: A Memoir by the Creator of Nike by Phil Knight
https://amzn.to/3ftHMTO
📚Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel
https://amzn.to/2KCTGQ5
📚Traction by Gabriel Weinberg and Justin Mares
https://amzn.to/33gGSFr
👉Reputable Mentions
https://en.wikipedia.org/wiki/Mark_Manson
https://en.wikipedia.org/wiki/Ryan_Holiday
https://jamesclear.com/
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