----Moderator please move if this is not the correct forum.--------
USA Citizens - How are you tracking/reporting for Tax Purposes? What software are you using?
This is where and how I buy and invest my crypto and I can see it being a big headache trying to report it all on my taxes.
buy/sell/invest - For better rates of interest I might buy on CoinbasePro and move the crypto to Kraken.
Coinbase/Coinbase Pro
Kraken
Binance USA
Move crypto from above to invest
Celsius Network
On Chain investment - I have no idea what info they provide as to the value of the interest I receive. This is where I would use MetaMask to invest on chain. These sites do not ask for any information about me. I can not see how these sites could report any information to the IRS. But I need the cost basis so I compute the taxes correctly.
e.g AMP & GRT
I have no idea how to track and report GAS fees for moving Crypto around.
Also, I can see if I bought crypto on one exchange and sold it on another, it would be hard to report.
Then there is short term vs long term gains.
Any advise would be appreciated.