How to Handle Tax Reporting as a High Volume #cryptocurrency Trader
▻https://hackernoon.com/how-to-handle-tax-reporting-for-high-volume-cryptocurrency-traders-7923e
The dramatic highs and lows of #bitcoin and the outright explosion of cryptocurrencies over the past couple years have a lot of traders and enthusiasts wondering how to report cryptocurrency on their #taxes. This article dives into the specifics of tax reporting for high volume crypto traders.If you are reading this, you are probably a crypto-trader or an enthusiast concerned with the process of paying taxes on your trading activity. Maybe you have an automated trading strategy that conducts hundreds of trades every single month, and now you’re realizing that you have no way of calculating what your true tax liability is. Maybe you have lost a lot of money trading cryptocurrency and you now want to claim these losses to save as much money on your tax bill as possible.No matter your (...)