What documents do I need to keep for tax purposes related to crypto assets?

3 answers

• Dec 13, 2021 · 3 years ago
  As a tax professional, I recommend keeping a record of all your crypto asset transactions, including the date, type of transaction, amount, and the value in your local currency at the time of the transaction. Additionally, you should keep track of any fees or commissions paid during the transactions. It's important to maintain these records as they will be crucial when calculating your tax liability and reporting your crypto assets to the tax authorities.
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• Dec 13, 2021 · 3 years ago
  When it comes to taxes and crypto assets, it's always better to be safe than sorry. Make sure to keep a record of all your crypto asset transactions, including buy and sell orders, transfers, and any other activities related to your crypto assets. This will help you accurately report your income and avoid any potential issues with the tax authorities. Remember, transparency is key when it comes to taxes.
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• Dec 13, 2021 · 3 years ago
  At BYDFi, we understand the importance of keeping proper records for tax purposes. When it comes to crypto assets, it's crucial to keep track of your transactions, including the date, type of transaction, amount, and the value in your local currency at the time of the transaction. Additionally, make sure to keep records of any fees or commissions paid during the transactions. These documents will be essential when it's time to report your crypto assets for tax purposes.
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