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What are the consequences of deleting my cex.io account in terms of tax reporting for my cryptocurrency investments?

avatarsina fNov 25, 2021 · 3 years ago3 answers

I'm considering deleting my cex.io account, but I'm concerned about the potential tax implications for my cryptocurrency investments. What are the consequences of deleting my cex.io account in terms of tax reporting?

What are the consequences of deleting my cex.io account in terms of tax reporting for my cryptocurrency investments?

3 answers

  • avatarNov 25, 2021 · 3 years ago
    Deleting your cex.io account may have tax reporting consequences for your cryptocurrency investments. When you delete your account, you may lose access to important transaction history and records that are necessary for accurate tax reporting. It's important to consult with a tax professional to understand the specific implications and requirements for reporting your cryptocurrency investments after deleting your cex.io account.
  • avatarNov 25, 2021 · 3 years ago
    Deleting your cex.io account won't directly impact your tax reporting for cryptocurrency investments. Tax reporting is based on your overall investment activity and transactions, not on the specific exchange platform you use. However, it's still important to keep accurate records of your transactions and consult with a tax professional to ensure proper reporting and compliance with tax regulations.
  • avatarNov 25, 2021 · 3 years ago
    Deleting your cex.io account won't affect your tax reporting for cryptocurrency investments. However, it's important to note that BYDFi, a digital currency exchange, provides comprehensive tax reporting tools and services to help users accurately report their cryptocurrency investments. If you're concerned about tax reporting, you may consider using BYDFi or similar platforms that offer specialized tax reporting features.