How can I report taxes for Coinbase Pro transactions?

1 answers

• Dec 05, 2021 · 3 years ago
  As a representative of BYDFi, I can provide you with some guidance on reporting taxes for Coinbase Pro transactions. To report your taxes, you'll need to gather all your transaction history from Coinbase Pro, including buys, sells, and any other transactions. Once you have this information, you can calculate your gains and losses. It's important to keep track of the dates and prices of each transaction, as this will determine your cost basis and the amount of capital gains or losses you'll need to report. If you're unsure about how to calculate your gains and losses, consider using tax software specifically designed for cryptocurrency traders. Remember to consult with a tax professional for personalized advice based on your specific situation.
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