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TagsHow can I calculate the realized investment of a specific cryptocurrency?
goodrboyNov 25, 2021 · 3 years ago1 answersI want to calculate the realized investment of a specific cryptocurrency. How can I do that? I'm looking for a method to determine the actual return on investment for a particular cryptocurrency, taking into account factors such as the initial investment amount, the current value of the cryptocurrency, and any fees or expenses incurred during the investment period. Can you provide some guidance on how to calculate the realized investment?
1 answers
- Calculating the realized investment of a specific cryptocurrency can be done by using a portfolio tracking tool or a cryptocurrency tax software. These tools can automatically calculate your realized gains or losses by taking into account factors such as the initial investment amount, the current value of the cryptocurrency, and any fees or expenses incurred. Some popular portfolio tracking tools include CoinTracking and Blockfolio, while cryptocurrency tax software like CoinTracker and Koinly can help you calculate your tax liabilities based on your realized investments. Remember to keep accurate records of your transactions and consult with a tax professional if needed.Nov 25, 2021 · 3 years ago
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