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Calculating Altcoin Taxes NEVER EASIER w/ Crypto Tax Software

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Calculating Altcoin Taxes has never been easier with the help of these 5 Crypto tax software apps. **Get 10% OFF Using this link: http://bit.ly/cointrackingdiscount Its tax season again and that means also cryptocurrency taxes usa where you have to share some of your bitcoin profits tax and pay some bitcoin to the irs. Today we talk about bitcoin and altcoin taxes and how to calculate taxes on bitcoin using some crypto tax software. I go over my top 5 different crypto tax software and at the end I share with you my favorite. If you pay cryptocurrency taxes usa these crypto tax applications/software are going to make your life soo much easier. If you made substantial cryptocurrency gains you have to be paying taxes on crypto and this will help you out *I don't take donations, but you can help this channel by smashing the like button and sharing this video with your friends! ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ⚡⚡My Recommended RESOURCES ⚡⚡ ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● 💰 Get 10$ worth of Bitcoin for FREE: https://goo.gl/gr2G4e 🚀 FREE Trial: Best Charting tool: http://bit.ly/GoProCryptoLand 🤑 My Favourite Exchange for Altcoins: https://goo.gl/XbqjCA 🚀 Crypto Clothing with DISCOUNT: http://bit.ly/CryptoGear 🔒 The Ledger Nano S: https://goo.gl/aE7AAw ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● RECOMMENDED READS ►Ethereum: Smart Contracts, DAOs - http://amzn.to/2zkXTwS ►The Creature From Jekyll Island: http://amzn.to/2yUyRse ►Think and Grow Rich - Napoleon Hill: http://amzn.to/2yUqTiX ►The Age Of Cryptocurrency - http://amzn.to/2xSetYs ►The Internet of Money - http://amzn.to/2xQRTKV ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● 🤗 FOLLOW ME ON OTHER PLATFORMS ► https://www.facebook.com/OfficialCryptoland ► https//www.instagram.com/OfficialCryptoland ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Crypto Clothing 🚀 Link for that crypto hustle clothing with DISCOUNT: https://thatcryptohustle.com/?aff=2 💎 Link for the Kings of Crypto T-Shirts : https://goo.gl/Hk4ZNZ ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make. Matthew Timothy (Cryptoland) is not a registered broker, analyst, investment advisor or anything of that sort. Everything that we provide on this site is purely for guidance, informational and educational purposes. All information contained herein should be independently verified and confirmed. We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. Please be aware of the risks involved with any trading done in any financial market. Do not trade with money that you cannot afford to lose. When in doubt, you should consult a qualified financial advisor before making any investment decisions. MatthewTimothy -~-~~-~~~-~~-~- Please watch: "Dent Crypto 2018 - Is Dent Coin Worth Investing In?" https://www.youtube.com/watch?v=WqSXQdrF-5c -~-~~-~~~-~~-~-
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Text Comments (11)
CryptoLand (2 months ago)
Calculating Altcoin Taxes has never been easier with the help of these 5 Crypto tax software apps. **Get 10% OFF Using this link: http://bit.ly/cointrackingdiscount ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ⚡⚡My Recommended RESOURCES ⚡⚡ ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● 💰 Get 10$ worth of Bitcoin for FREE: https://goo.gl/gr2G4e 🚀 FREE Trial: Best Charting tool: http://bit.ly/GoProCryptoLand 🤑 My Favourite Exchange for Altcoins: https://goo.gl/XbqjCA 🚀 Crypto Clothing with DISCOUNT: http://bit.ly/CryptoGear 🔒 The Ledger Nano S: https://goo.gl/aE7AAw ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● RECOMMENDED READS ►Ethereum: Smart Contracts, DAOs - http://amzn.to/2zkXTwS ►The Creature From Jekyll Island: http://amzn.to/2yUyRse ►Think and Grow Rich - Napoleon Hill: http://amzn.to/2yUqTiX ►The Age Of Cryptocurrency - http://amzn.to/2xSetYs ►The Internet of Money - http://amzn.to/2xQRTKV ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● 🤗 FOLLOW ME ON OTHER PLATFORMS ► https://www.facebook.com/OfficialCryp... ► https//www.instagram.com/OfficialCryptoland ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Crypto Clothing 🚀 Link for that crypto hustle clothing with DISCOUNT: https://thatcryptohustle.com/?aff=2 💎 Link for the Kings of Crypto T-Shirts : https://goo.gl/Hk4ZNZ ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
Sharon Hobbs (2 months ago)
Yes the internal exchanges on lending platforms.
CryptoLand (2 months ago)
Lesson learned! Good to hear that you got back on the horse! Feel free to hang out with us in the comment sections so we can all learn together!
Sharon Hobbs (2 months ago)
Thank you so much. What I put in was a total loss on BCC because they crashed their coin about one week after I put money in the platform. Davor lasted a few more weeks so I got a little out in daily income but in all I lost about $6500. The money I took out in daily income I used to buy some Alt coins so I’m hoping to regain some of those losses one day. It was a hard lesson and really turned me off to crypto. I’m trying to learn more about it and taking it slower vs jumping in on hype like I did in those platforms. Thanks again!
CryptoLand (2 months ago)
Again thank you for asking, im sure it will help out a ton of people!
CryptoLand (2 months ago)
I double checked and this is what i found: Yes it is possible to calculate losses from lending program exchanges on Coin Tracking. How this would work, is that you would  need to add every transaction to Cointracking, exactly as it took place in.  An example for Bitconnect. This means, you would add all related data for the "Bitconnect Lending Platform". You could call the exchange like this as well.  So let's assume you hold your current Bitconnect Coins on a Wallet and everything until this point was added to CT. Now you would enter the following transactions for a perfect tracking:   - OUT ('General Withdrawal') from "Wallet BCC" (Originally invested Capital - included in Auto Wallet Import for BCC)   - IN ('General Deposit') on "Bitconnect Lending Platform" (OiC) -     - IN ('Income') on "Wallet BCC" (Daily Interest) -   - OUT ('General Withdrawal') from "Bitconnect Lending Platform" (Originally invested Capital)   - IN ('General Deposit') on "Wallet BCC" (OiC after the period ended - included in Auto Wallet Import for BCC) This is the most detailed method and it will reflect your balances and gains optimally. It also makes it possible to separate the data in all analyses and reports. For losses, you would have to account for that under OUT as "Lost" so that the deductions are made since you did not make a gain from the transaction. In order to import the data you are able to enter the transactions either manually on the "Enter Coins" page,  with the "Excel Import", or with the "Custom Exchange Import".  For BCC addresses we provide a wallet import on our "Altcoin Wallet Import" page.   I hope this helps.
CryptoLand (2 months ago)
I think you should be able to. To be 100% sure, I just sent an email to their support to double check it. Hope you didn't lose much!
Sharon Hobbs (2 months ago)
What about losses on a lending platform like Davor or Bitconnect? Does any of these support the trades on these type exchanges? Thanks for the information you provide.
CryptoLand (2 months ago)
Thanks for your comment. You mean the davor and bitconnect exchange?!

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