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April 12, 2023
Clinton Donnelly

Bitcoin and Crypto Tax Talk with Top Crypto Experts

Clinton Donnelly, president of CryptoTaxAudit, joins co-founder of Accointing, Kyle Zhang, to discuss recent updates and implications of crypto trading and taxes.

Live stream AMA.

In this crypto tax video, Clinton Donnelly, president and founder of CryptoTaxAudit, joins Kyle Zhang, co-founder of Accointing by Glassnode. They discuss several elements of proper crypto tax reporting to help you understand the implications of crypto trading and taxes. For crypto traders with complex crypto tax returns, it is more important than ever to understand how to file your crypto taxes.

1. Importing your data.

This AMA discusses:

  • Importing data via direct connect
  • Importing data via API
  • Importing data via address
  • Importing data via exchange/wallet CSV
  • Importing data via Manual Template
  • Importing data entry by entry

2. Reviewing your data.

This AMA answers these questions:

  • How can I review missing currencies and internal transactions?
  • How do I classify transactions accordingly?
  • What are the different types of classifications?
  • How do I track and classify coins that have been held for 2 – 5 years?

3. Understanding your portfolio performance.

This AMA answers:

  • How can I see how my portfolio is performing?
  • What are the tax implications of realized vs. unrealized gains?  

4. Generating a tax report.

Learn about these items:

  • How do I generate a tax report with Accointing?
  • Why are the correct tax settings and disposal methods so important?
  • Do you mind giving us an overview of different tax methods and how the holding period plays a role in your taxes?

5. Filing your taxes.

If you're filing on your own, we recommend OLT.com.

If you need an expert, consider CryptoTaxAudit. Since 2018, the team at CryptoTaxAudit has specialized in calculating crypto gains and preparing complex tax returns for active crypto traders and investors, often with very complex crypto gain calculations. There is no problem too difficult or calculation too onerous for our team!

DISCLAIMER: Opinions and perspectives of the author, host, and guests. It should not be construed as U.S. taxpayer advice. There are often multiple interpretations of tax law. Various strategies may be suited to specific individuals and for particular situations. Seek out professional tax, legal, or financial advice from CryptoTaxAudit or from other reputable companies.

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