'CryptoTrader.Tax' Calculates Capital Gains for Reporting
Michael Hemsworth — August 10, 2018 — Lifestyle
References: cryptotrader.tax & betalist
The rise of cryptocurrency investment popularity is still being adapted to in the market, which is seeing new solutions like 'CryptoTrader.Tax' coming about to offer investors a streamlined way to keep track of their funds.
The tool works by taking all of your various trades into account and calculating your capital gains to make it simpler to know just how much tax you'll need to pay. Users can easily upload their trade history to the platform to receive a detailed report that'll make things far simpler to handle when tax season comes around.
The 'CryptoTrader.Tax' platform will show all of your data in a streamlined manner that will easily identify how you're doing from a trading perspective.
The tool works by taking all of your various trades into account and calculating your capital gains to make it simpler to know just how much tax you'll need to pay. Users can easily upload their trade history to the platform to receive a detailed report that'll make things far simpler to handle when tax season comes around.
The 'CryptoTrader.Tax' platform will show all of your data in a streamlined manner that will easily identify how you're doing from a trading perspective.
Trend Themes
1. Cryptocurrency Tax Reporting - Opportunity for the development of more cryptocurrency tax-reporting tools that offer streamlined data handling and report creation.
2. Automated Trade Calculators - Opportunity for developing automated trade calculators that take all cryptocurrency trades into account and make it simpler to calculate capital gains.
3. Blockchain Accounting Solutions - Opportunity for the creation of blockchain-based accounting solutions that offer streamlined and secure cryptocurrency trade data handling.
Industry Implications
1. Finance Industry - Finance industry professionals can utilize cryptocurrency tax-reporting and automated trade calculator tools in their daily activities.
2. Technology Industry - The technology industry can create more automated trade calculators and secure blockchain accounting solutions to cater to the rising demand of cryptocurrency traders and investors.
3. Legal Industry - Legal industry professionals can use cryptocurrency tax-reporting tools to provide more efficient and accurate tax services to their clients.
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