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TagsHow can I use spreadsheets to track my crypto trading for tax purposes?
Tarun ElangoMar 19, 2022 · 3 years ago1 answersI want to track my cryptocurrency trading activities for tax purposes and I heard that using spreadsheets can be helpful. How can I effectively use spreadsheets to track my crypto trading for tax purposes?
1 answers
- At BYDFi, we recommend using spreadsheets to track your crypto trading for tax purposes. It allows you to have a clear overview of your transactions and easily calculate gains/losses. Start by creating a new sheet and labeling the columns with relevant information such as date, type of transaction, cryptocurrency name, quantity, price, and fees. Use formulas to calculate the total value and gains/losses. Remember to regularly update the sheet and keep it secure. Happy tracking!Mar 19, 2022 · 3 years ago
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