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Any CPAs that specialize/knowledgeable in crypto in SE LA?
Posted on 12/22/23 at 1:58 pm
Posted on 12/22/23 at 1:58 pm
Looking for a recommendation for the upcoming tax filing season. Preferably Northshore area but New Orleans/Baton Rouge would work as well.
Posted on 12/22/23 at 2:26 pm to BlueChips
If you sold at a gain on anything bought a year or more, hold 25% to pay Uncle Sam. Report your gain on sch d.
Don’t make this any more complicated than necessary.
Don’t make this any more complicated than necessary.
Posted on 12/22/23 at 8:52 pm to BlueChips
Not local but I use cryptotaxman and Josh is awesome. Give his breakdown to my local cpa. I had thousands of buys and sells in multiple exchanges and he figured it all out and saved me plenty.
Posted on 12/23/23 at 9:51 am to BlueChips
Personally, I hate when crypto comes across my desk because I don’t understand it well enough and reports for it are like another language compared to a 1099-CONS. Most of my peers feel the same. Try to do most of the leg work yourself by making a spreadsheet recapping transactions or hire someone else to do it as recommended above. Keep it as simple as possible. You need:
- Description of what was sold
- Purchase Date
- Purchase Cost
- Sale Date
- Sale Cost
- Description of what was sold
- Purchase Date
- Purchase Cost
- Sale Date
- Sale Cost
Posted on 12/23/23 at 12:16 pm to BlueChips
Scone wants to sell you Game coin.
Posted on 12/24/23 at 8:34 am to BlueChips
I need this help too. I dont trade but I did buy and hold previously. I had synced my accounts with a tax service, but binance, binance.us, and kucoin all got banned in the US; so now that is a mess. I had to sell some to get it off if those exchanges AND i had done some staking on Kucoin…so I need to figure something out.
Posted on 12/25/23 at 9:49 am to BlueChips
I've used koinly for last 3 years, it's been quick and easy. You link it to your exchange accounts, choose how you want it to select cost basis (which is a great feature at the moment of crypto tax considerstions) and hit generate report, done.
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