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RE: Crypto Taxes in 2020 | SEC Statements and How to Navigate Your Crypto Asset Filings

in LeoFinance4 years ago

Yes, bookkeeping is most definitely part of the job description. In the video, we talk about how transfers don't count but the sale of crypto into another crypto counts.

So I guess the best method is to track the times when you sell HIVE (or LEO/hive-based tokens) into another currency and your cost basis/profit for those.

It's honestly a pain in the ass and we need better systems in place from both a regulation standpoint and from an exchange standpoint. The technology exists for automating this stuff, it's just about implementation.

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I was about to start learning Python. Would that help me automate something?