The April 18th tax deadline is right around the corner, and NOW is the time to begin preparing your crypto tax reports. For that reason, we’ve decided to bring Matthew Walrath (aka Matty Dubbs) back onto the show for a second round. On today’s episode, we dive deep into tactics and strategies to help you prepare accurate crypto tax reports.
Matthew is the founder of Crypto Tax Made Easy. His company offers both a do-it-yourself online course and done-for-you service that is designed to take the headache out of crypto tax preparation. Matthew speaks about best practices for preparing your crypto tax reports in a way that is accurate, efficient, and can potentially save you money on taxes. For tax planning and advice, please consult with a professional tax advisor.
Key Takeaways
- Getting started with preparing your crypto tax reports on Koinly.
- The importance of completing an “archeological dig” to reconciling your crypto transactions.
- Why it’s important to consult with a Certified Public Accountant (CPA) for tax planning.
- Ways to handle losses as a result of scams or compromised wallets when preparing your crypto tax report.
- Expectation of time commitment when preparing your crypto tax reports.
Resources
Connect with Matthew Walrath on Twitter, and learn more about Crypto Tax Made Easy.
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DISCLAIMER: These episodes are for educational purposes only. Nothing in this episode should be construed as financial advice or a recommendation to buy or sell any sort of security or investment. Consult with a professional financial advisor before making any financial decisions. Some of the links posted inside the show notes may be affiliate links, which means we receive a small commission if you click through and make a purchase. This has no impact on your experience with the product or business.
