What documentation do I need to keep for crypto tax reporting?

1 answers

• Hod PotatoFeb 06, 2023 · 2 years ago
  At BYDFi, we recommend keeping a comprehensive record of your cryptocurrency transactions for tax reporting purposes. This includes maintaining a detailed transaction history, including the date, time, and amount of each transaction, as well as the value of the cryptocurrency at the time of the transaction. It's also important to keep records of any fees or commissions paid during these transactions. Additionally, you should keep track of any mining or staking activities, as well as any airdrops or forked coins you receive. By keeping thorough documentation, you can ensure accurate and efficient tax reporting.
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