When will cash app start supporting cryptocurrency tax reporting?
FauziahDec 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?
3 answers
- Dec 26, 2021 · 3 years agoAs 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.
- Dec 26, 2021 · 3 years agoUnfortunately, 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.
- Dec 26, 2021 · 3 years agoBYDFi, 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!
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