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/biz/ - Business & Finance

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30287546

Anonymous Fri Mar 5 11:57:18 2021 No.30287546 [Reply] [Original]

How the fuck are you supposed to calculate your burger taxes for crypto?

>>	Anonymous Fri Mar 5 11:58:14 2021 No.30287608 >>30287546 Koino or some crypto wallet transactions tracker like that.

>>	Anonymous Fri Mar 5 11:59:36 2021 No.30287709 >>30287546 My understanding is that if you don't cash out to fiat you're fine. If you do then pay the capital gains tax rate on what you cash out based on your buy in price.

>>	Anonymous Fri Mar 5 12:00:45 2021 No.30287797 >>30287709 Your understanding is flawed. Any trade that results in a gain that can be measured in U.S. dollars is a taxable event.

>>	Anonymous Fri Mar 5 12:01:40 2021 No.30287862 There are services that just use an API to pull your trade history and do it for you if you don't want to do autistic amounts of spreadsheet work. Not going to shill any one in particular, DYOR

>>	Anonymous Fri Mar 5 12:01:45 2021 No.30287868 >>30287608 I use CoinTracker.io it also functions like blockfolio