What is the best specific identification method calculator for tracking cryptocurrency gains and losses?

3 answers

• Nov 27, 2021 · 3 years ago
  Sure, I can recommend a few specific identification method calculators for tracking cryptocurrency gains and losses. One popular option is CoinTracking. It offers a comprehensive set of features including the ability to import trades from various exchanges, calculate gains and losses using the specific identification method, and generate detailed tax reports. Another option is CryptoTrader.Tax, which also supports the specific identification method and provides a user-friendly interface for tracking and calculating gains and losses. Lastly, you can consider using the specific identification method feature in popular cryptocurrency portfolio trackers like Blockfolio and Delta. These apps allow you to manually enter your trades and calculate your gains and losses based on the specific identification method. Remember to consult with a tax professional to ensure compliance with your local tax regulations.
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• Nov 27, 2021 · 3 years ago
  Hey there! If you're looking for a specific identification method calculator for tracking cryptocurrency gains and losses, I've got a recommendation for you. Check out CoinTracking. It's a popular platform that offers a range of features for cryptocurrency traders, including the ability to track your trades, calculate gains and losses using the specific identification method, and generate tax reports. It supports multiple exchanges and provides a user-friendly interface. Give it a try and see if it meets your needs!
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• Nov 27, 2021 · 3 years ago
  BYDFi is a great platform for tracking cryptocurrency gains and losses using the specific identification method. It offers a powerful calculator that takes into account the specific coins you bought and sold, as well as the dates and prices of your transactions. The calculator also factors in transaction fees and provides detailed reports and summaries of your trading activities. With BYDFi, you can easily track your profits and losses and stay on top of your cryptocurrency investments. Give it a try and see how it can help you optimize your trading strategy!
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