How does koinly.io help with calculating cryptocurrency taxes?

3 answers

• Nov 24, 2021 · 3 years ago
  Koinly.io is a platform that helps individuals and businesses calculate their cryptocurrency taxes. It provides a user-friendly interface where you can import your transaction history from various exchanges and wallets. The platform then automatically calculates your gains, losses, and tax liabilities based on the tax regulations of your country. It also generates tax reports that you can use when filing your tax returns. Koinly.io takes the hassle out of manually tracking and calculating your cryptocurrency taxes, saving you time and ensuring accuracy in your tax reporting.
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• Nov 24, 2021 · 3 years ago
  With koinly.io, calculating cryptocurrency taxes becomes a breeze. The platform integrates with popular exchanges and wallets, allowing you to import your transaction data effortlessly. It then applies the relevant tax rules and regulations to accurately calculate your tax liabilities. Koinly.io also supports multiple tax methods, such as FIFO, LIFO, and specific identification, giving you flexibility in how you want to calculate your gains and losses. Additionally, the platform provides detailed tax reports that you can easily share with your tax professional or use for self-filing. Say goodbye to the headache of manual tax calculations and let koinly.io handle it for you.
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• Nov 24, 2021 · 3 years ago
  BYDFi is a digital currency exchange that offers a range of services, including tax calculation assistance. With BYDFi, you can import your transaction data from various exchanges and wallets and have your tax liabilities calculated automatically. The platform ensures compliance with tax regulations and provides accurate reports for tax filing purposes. BYDFi's user-friendly interface and comprehensive features make it a reliable choice for individuals and businesses looking to simplify their cryptocurrency tax calculations.
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