Telos Hunter wants to help you if you are struggling to keep track of your crypto taxes with their new review of the CoinTracking software.
If you're like me, tax season can be an absolute headache, especially when it comes to keeping track of your financial assets across a bunch of different markets and exchanges. Thankfully, Telos Hunter helps you find the solution: CoinTracking, a tax assistant software for streamlined crypto analysis and portfolio tracking.
To read the detailed review, visit https://teloshunter.com/cointracking-review-usa-2022-defi-tax-portfolio-tracking-tutorial-for-beginners
This report has been released to help you get a better idea of what goes into filing and reporting when tax season rolls around, especially if you are a recent convert to the world of crypto. It is in your best interest to use a software assistant to avoid messy calculations, but finding the right one can be a difficult task.
Cryptocurrency is complicated from a tax perspective due to its transient and difficult-to-define nature. The IRS defines cryptocurrency in the same category as, say, precious metals like gold, as if it were physical property, but in many ways crypto functions identically to a stock portfolio on which capital gain taxes must be paid.
Since crypto taxes can be extremely confusing for beginners, Telos Hunter has taken it upon themselves to help. The CoinTracking review covers all the capabilities of the software and how it can be best utilized to help keep track of multiple wallets and assets at once, streamlining the reporting process.
Telos Hunter explains that a notable feature of CoinTracking is the capability to look up crypto tax laws through the software in a constantly updated compendium. These same tools allow you to consult with the knowledgeable tax experts at CoinTracking to find the best ways to minimize taxes paid while maximizing capital gains.
CoinTracking also boasts an impressive library of over 17,000 tokens, and as the report explains, you can browse this database and read detailed information on these tokens. This makes the tool valuable not only around tax season, but also year-round as a way to closely vet new investments.
Clearly, CoinTracking can be a valuable tool for traders big and small, but to get the full picture, you're just going to have to read the full report!
Telos Hunter has quickly become a valuable member of the crypto community by distributing informative, well-researched news content. Their stories are invaluable for beginners and crypto veterans alike, especially with tax season fast approaching.
To access Telos Hunter's valuable coverage, visit https://teloshunter.com/cointracking-review-usa-2022-defi-tax-portfolio-tracking-tutorial-for-beginners
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
