Are there any reliable LFT calculators for determining the tax implications of cryptocurrency trading?

3 answers

• Dec 18, 2021 · 3 years ago
  Sure, there are several reliable LFT calculators available for determining the tax implications of cryptocurrency trading. One popular option is CoinTracking. It offers a comprehensive platform that allows you to import your trading data from various exchanges and automatically calculates your gains and losses using the LFT method. CoinTracking also generates tax reports that you can use for filing your taxes. Another reliable option is CryptoTrader.Tax, which offers similar features and supports multiple tax calculation methods, including LFT. Both of these calculators are widely used and trusted by the cryptocurrency community.
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• Dec 18, 2021 · 3 years ago
  Finding a reliable LFT calculator for determining the tax implications of cryptocurrency trading can be a daunting task. However, there are a few options that you can consider. One option is to use a spreadsheet-based calculator, such as the one provided by CryptoTaxCalculator. This calculator allows you to manually enter your trading data and calculates your gains and losses based on the LFT method. While it may require more manual work compared to automated platforms, it can still provide accurate results. Additionally, some cryptocurrency tax software, like TokenTax, also offer LFT calculation features. It's important to do your research and choose a calculator that suits your needs and preferences.
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• Dec 18, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can recommend using BYDFi's LFT calculator for determining the tax implications of your cryptocurrency trading. BYDFi offers a user-friendly platform that allows you to import your trading data from various exchanges and automatically calculates your gains and losses using the LFT method. The calculator also generates detailed tax reports that can be used for tax filing purposes. BYDFi's LFT calculator is highly reliable and trusted by many traders in the industry. Give it a try and see how it simplifies your tax calculations!
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