Reply To: Anyone else find crypto taxes super confusing?

#78213
lanadray9
Participant

You’re definitely not alone! Crypto taxes are a nightmare. I remember feeling completely overwhelmed last year as well. I ended up finding some helpful info at https://monkeymoney.it/. I remember reading that keeping detailed records of all your transactions from the start is essential. This includes dates, amounts, and the fair market value of the crypto at the time of each transaction. They also mentioned some crypto tax software options that can help automate the process of calculating your gains and losses! Of course, it’s always a good idea to consult with a tax professional if you’re unsure about anything.