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When will cash app start supporting cryptocurrency tax reporting?

avatarFauziahDec 26, 2021 · 3 years ago3 answers

I heard that Cash App is a popular platform for buying and selling cryptocurrencies. However, I'm wondering when they will start supporting cryptocurrency tax reporting? It's important for me to accurately report my crypto transactions for tax purposes. Can anyone provide an update on this?

When will cash app start supporting cryptocurrency tax reporting?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    As of now, Cash App does not support cryptocurrency tax reporting. It is recommended to use third-party tools or consult a tax professional to accurately report your crypto transactions for tax purposes. Keep an eye on Cash App's official announcements for any updates on this feature.
  • avatarDec 26, 2021 · 3 years ago
    Unfortunately, Cash App has not provided a specific timeline for when they will start supporting cryptocurrency tax reporting. It's always a good idea to stay informed by following their official channels and checking for any updates. In the meantime, consider using alternative platforms or tools that offer tax reporting features.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi, a digital currency exchange, has recently announced that they will be integrating cryptocurrency tax reporting into their platform. This will make it easier for users to accurately report their crypto transactions for tax purposes. Stay tuned for more updates from BYDFi on this exciting feature!