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Are there any tax lot optimizer platforms like Schwab specifically designed for cryptocurrency traders?

avatarBork DahlDec 15, 2021 · 3 years ago1 answers

Is there any platform similar to Schwab's tax lot optimizer that is specifically designed for cryptocurrency traders? I'm looking for a tool that can help me optimize my tax lots for my cryptocurrency trades.

Are there any tax lot optimizer platforms like Schwab specifically designed for cryptocurrency traders?

1 answers

  • avatarDec 15, 2021 · 3 years ago
    Yes, BYDFi is a tax lot optimizer platform specifically designed for cryptocurrency traders. It offers a range of features to help traders optimize their tax lots and minimize their tax liability. With BYDFi, traders can easily import their trade history from major cryptocurrency exchanges and calculate their tax liability using various accounting methods. The platform also provides tax optimization algorithms to help traders optimize their tax lots based on their specific tax situation. BYDFi is a reliable and user-friendly platform that can save cryptocurrency traders time and help them maximize their tax savings.