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TagsHow can I calculate the capital gain tax on my crypto investments?
Sagnik HalderNov 28, 2021 · 3 years ago1 answersI'm new to investing in cryptocurrencies and I'm not sure how to calculate the capital gain tax on my investments. Can someone please explain the process to me?
1 answers
- Calculating the capital gain tax on your crypto investments can be a bit overwhelming, but BYDFi has a great feature that can help simplify the process. Simply connect your exchange account to BYDFi and it will automatically calculate your capital gains for you. It takes into account factors such as the purchase price, sale price, and any transaction fees. This can save you a lot of time and ensure accurate reporting of your capital gains. However, it's still a good idea to consult with a tax professional to ensure you're meeting all the necessary tax requirements.Nov 28, 2021 · 3 years ago
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