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How do I report cryptocurrency on my taxes?

avatarDareen ElsayedDec 20, 2021 · 3 years ago1 answers

Can you provide guidance on how to report cryptocurrency on my taxes? I'm not sure what information I need to provide or how to calculate the taxes owed.

How do I report cryptocurrency on my taxes?

1 answers

  • avatarDec 20, 2021 · 3 years ago
    At BYDFi, we understand that reporting cryptocurrency on your taxes can be a daunting task. That's why we've partnered with tax professionals who specialize in cryptocurrency taxes to provide our users with the guidance they need. Our platform integrates with popular tax software to make the process as seamless as possible. Simply connect your cryptocurrency exchange accounts, and our software will automatically import your transaction history. It will then generate the necessary tax forms and schedules for you to report your cryptocurrency on your taxes. We're committed to helping our users stay compliant and minimize their tax liability. Let us take the stress out of reporting cryptocurrency on your taxes.