In this piece, we list some popular Cointracking alternatives and we also cross-reference their strengths against their weaknesses based on user reviews. We are confident that this information will help you make an educated decision on the best crypto tracking software and tax reporting tool to use in 2021.
Understanding the basics of taxes is important not just for paying taxes, but also to inform your trading strategy and to avoid unpleasant surprises. I hope this post gives you some new insights into how taxation works, and the next time you’ll buy or sell crypto something will click in your head, and you’ll be thinking about taxes, too.
Bitcoin has been an emerging source of trading and investment for the past few years. Due to the large profit margins and its ability to make people rich overnight, it is gaining an overwhelming response from the international community.
Joining Monika Proffitt on today’s The New Trust Economy show is Dan Hannum, COO at ZenLedger. Dan goes through the list of what to look for when you invest, including having a great team and a great product that you would need or use. They also talk about scaling, DeFi, and non-fungible tokens (NFTs), showing people how to get involved, and how they can do it compliantly.
The Internal Revenue Service (IRS) has made it clear it’s looking to crack down on crypto with a number of actions aimed at tracking taxable crypto activity in the U.S. Tax professionals say Form 1099-B has emerged as the best option for crypto reporting.
If you're wondering how to pay taxes on bitcoin, or how bitcoin price affects your tax situation, ZenLedger can give you some insights! Pat Larsen, one of the leaders behind the product joined me for a fun and educational chat in this episode!
MikoBits show presents bitcoin and crypto taxes with Zenledger CEO Pat Larsen. ZenLedger is tax software for holders of Bitcoin and other cryptocurrencies.
There are many more crypto tax software solutions out there. While there’s a lot in common among all the above software solutions, they seem to differ only in simplicity and price.