How can Koinly simplify the process of filing crypto taxes?

3 answers

• Nov 24, 2021 · 3 years ago
  Koinly simplifies the process of filing crypto taxes by automatically importing your transaction data from various cryptocurrency exchanges and wallets. It then calculates your capital gains and losses, generates tax reports, and even fills out the necessary tax forms for you. This saves you a lot of time and effort compared to manually tracking and calculating your crypto transactions.
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• Nov 24, 2021 · 3 years ago
  With Koinly, you don't have to worry about the complex task of manually calculating your crypto taxes. The platform automatically syncs with your exchange accounts and wallets, and categorizes your transactions for accurate tax reporting. It also supports multiple tax calculation methods, including FIFO, LIFO, and specific identification. Koinly's user-friendly interface and intuitive design make it easy for anyone, regardless of their tax knowledge, to file their crypto taxes with confidence.
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• Nov 24, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, has integrated Koinly's tax filing solution to simplify the process of reporting crypto taxes for its users. With Koinly, BYDFi users can easily import their transaction data and generate accurate tax reports. This integration ensures that BYDFi users can comply with tax regulations and avoid any potential penalties or legal issues. Koinly's advanced algorithms and comprehensive tax calculations make it a reliable choice for crypto tax filing.
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