Monday, April 19, 2021

What is the best way to track your tax?

I've seen people say they keep spreadsheets.

I have a few thousand in Bitcoin, Ethereum, and Litecoin on a BlockFi account accruing interest at around 6% APY.

I also have a thousand in Zilliqa added to a liquidity pool with ZWAP token at 100% APY making me $15 a week in ZWAP rewards (which is income tax) but could also skyrocket during this bull run.

I've made a few exchanges on a DEX (which is a taxable event) even though I've made no profit.

Could someone please show me how to properly document this. I am currently documenting on a spreadsheet but I don't think I am doing it correctly.

I work part time and can't afford $2,000 for some pseudo "crypto" specialist.


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