I've asked here for the past 2 years with little to no response other than "U nEeD aN aCcOuNtAnT".
So with tax season around the corner, I will try again.
Who is or has filled taxes in regards to crypto capital gain/loss? Is it an automatic tip off for an audit? Did you prepare it or did a professional do it.
I do have an accountant that handles my personal and business taxes. However he is still learning the realm of crypto (a baby boomer who's trying his damn best to keep up). He has been very good to me in terms of tax prep pricing and I want to stay with him. So I always try to make things easier for him prior to tax prep.
I currently hold about $25k in crypto. Amassed from 2017 through to 2019 via mining, cash purchase and staking. Holding since. Using crypto tax software and reporting correctly, however large chunks of data missing due to exchanges going under. Not sure what to do about that, but doesn't matter too much until fiat trade is to take place (tbd).
Anyway, I'm generally looking for people that have experienced the process, setbacks, successes along with tips.
So with tax season around the corner, I will try again.
Who is or has filled taxes in regards to crypto capital gain/loss? Is it an automatic tip off for an audit? Did you prepare it or did a professional do it.
I do have an accountant that handles my personal and business taxes. However he is still learning the realm of crypto (a baby boomer who's trying his damn best to keep up). He has been very good to me in terms of tax prep pricing and I want to stay with him. So I always try to make things easier for him prior to tax prep.
I currently hold about $25k in crypto. Amassed from 2017 through to 2019 via mining, cash purchase and staking. Holding since. Using crypto tax software and reporting correctly, however large chunks of data missing due to exchanges going under. Not sure what to do about that, but doesn't matter too much until fiat trade is to take place (tbd).
Anyway, I'm generally looking for people that have experienced the process, setbacks, successes along with tips.