Why You Shouldn’t Trust Crypto Exchange Reports for Your Taxes – Ep.057

Chandan Lodha, cofounder and CEO of CoinTracker, explains why reports from crypto exchanges could be insufficient for filing accurate tax returns to the IRS, how one should track one’s crypto transactions in order to not over- or under-pay, and who can use the service. We also discuss how users should treat airdropped coins, new, comprehensive rules on crypto taxation for UK taxpayers and correlations in coin ownership that CoinTracker sees amongst its users.

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CipherTrace: http://ciphertrace.com/unconfirmed

Episode links

CoinTracker: https://www.cointracker.io

Chandan Lodha: https://twitter.com/cglodha

Unchained episode on all crypto-related tax issues: https://unchainedpodcast.com/the-tax-rules-that-have-crypto-users-aghast/

CoinTracker integration with TurboTax: https://medium.com/cointracker/cointracker-partners-with-coinbase-and-turbotax-17f37a08bbb 

CoinTracker and Coinbase integration (announced after we recorded): https://blog.coinbase.com/new-resources-for-crypto-taxes-b29651c3f5d4 

CoinTracker post on UK tax guidance: https://medium.com/cointracker/cryptocurrency-taxation-in-the-united-kingdom-3d99bb81b6b5

CoinTracker Cryptocurrency Coin Correlations: https://medium.com/cointracker/whats-in-your-wallet-cryptocurrency-coin-correlations-6c0aa6274882

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