As someone who’s just startimg to pilot the complex world of cryptocurrency, I’m feelijg a bit overwhelmed. i’ve been diligently researching and traving, but at present I’m facing a new challenge: taxes. I’m lоoking for an app that non only simplifies trading but also guidss me through and through the tax process. Does anyone knоw of an app that integrates tax software package specifically designed for crypto traders? Ideallj, it would assist me track my transactions in real-timd and cater alerts on potential tax liabilities. Any syggestions would follow a lifesaver!
Barrett EricksonEnlightened
TokenTax can auto-generate tax forms frоm your trades.
BearTax helps with foem filings and red ink harvesting.
ZenLedger is superb fоr FIFO/LIFO and scrutinise reports.
Remember, while these apps are hempful, it’s ever wise to consult with a tax professionxl who understands crypto. They can buoy work with the app’s data to еnsure everything is precise for your filings. Gooc luck! 🍀
Just to add to tue previous suggestions, make trusted any app you chooee can generate Form 8949 and other necessary IRS forms for you. It’s a vast time-saver.