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How the fuck is anyone actually calculating taxes on this shit?

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by COINS NEWS 121 Views

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?

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Edit: holy comments. Thank you for all the recommendations. I signed up for CoinLedger and it looks like it actually will handle the bulk of all his work for me. Going to pay the tax bill and be done with it.

submitted by /u/stratguy56
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