How the fuck is anyone actually calculating taxes on this shit?
So my accountant is officially telling me that i have to report my crypto gains from 2021 on my tax return and pay capital gains tax on 5 figures of paper gains… Absolutely sucks, but I am just going to bite the bullet because I don't want to wind up in tax court 3 years from now.
But the problem is – how in the fuck am i actually even supposed to do this? I literally have to track down every trade / swap / yield farm I was in via metamask and track down the historical spot prices for every transaction to accurately report the gains and losses at the time of the trades.. I literally use like 6 different exchanges and many more defi protocols.
Has anyone successfully used any of the crypto tax software out there? CoinLedger, CoinTracking, TokenTax etc?
Or should I just pay my accountant thousands to figure it out for me?
submitted by /u/stratguy56
[link] [comments]