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I've spent hours trying to calculate my crypto tax

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by COINS NEWS 115 Views

Hi, I just want to vent about how annoying it is to calcualte tax on crypto.

Bit of background:

I've held crypto for a couple of years at this point. I currently hold all my coins in a ledger wallet but have previously used exchanges such as NEXO and Binance.

I don't just buy crypto and hold it, I transact with it (buying NFTs, crypto based games etc). This has led to a lot of transactions over the past financial year and calculating my realused gains and losses is a nightmare.

I've tried out crypto tax software from companies such as Koinly, and for the most part its accurate, but it fails to account for NFT purchases, liquidity providing and weird shitcoin transactions adequately.

Since I know for sure that Koinly is not accurate, I've had to calc it myself using the transaction data generated from Koinly.

Im about 4 hours of work deep...

submitted by /u/IndubitablyBen
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