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Is it necessary to use a crypto tax platform for filing taxes?

avatarOldOzLimnoDec 16, 2021 · 3 years ago1 answers

What are the benefits of using a crypto tax platform for filing taxes? Are there any alternatives to using a crypto tax platform? How does using a crypto tax platform affect the accuracy of tax filings?

Is it necessary to use a crypto tax platform for filing taxes?

1 answers

  • avatarDec 16, 2021 · 3 years ago
    It's not necessary to use a crypto tax platform for filing taxes, but it can greatly simplify the process and improve accuracy. There are alternatives to using a crypto tax platform, such as manually tracking and calculating transactions, but this can be time-consuming and prone to errors. Overall, using a crypto tax platform is highly recommended for individuals with a significant number of cryptocurrency transactions or complex tax situations.