so the first step is to determine capital gains or losses for each position in your portfolio by subtracting the current price from the cost. take into account all your crypto holdings - not only those that are in the same wallet or on the same exchange. use the FIFO method. it minimizes the risk of short-term capital gains. In particular, you first sell the oldest positions, which means that you are more likely to receive long-term capital gains. maybe speak with your accountant to learn more about it. and last step is selling the position at a loss, and optionally, repurchasing the position to maintain the portfolio’s asset allocation.

bitcoin could go down to $ 6,200 without the influence of the stock market if the exchange rate fails to gain a foothold above the resistance level of $ 6900. Then the price will begin to fall.

you can invite your CPA to your account, download all you transactions and have the CPA help you with them.

The cryptocurrency tax reporting tool ZenLedger is supported by a team of CPAs, tax attorneys and software developers. really impressive!

I recently joined ZenLedger and I must say that I like it big time. The process of creating an account is very fast, which literally takes a few seconds. there are many exchanges supported (Binance, Bittrex, Coinbase,, Gemini, Kraken and Poloniex). Support 24/7, reasonable prices and the best tax calculator  - TurboTax. Its like all in one!

according to an IRS press release, the regulator sent out letters to taxpayers who did not register cryptocurrency transactions, thus notifying them of the need to report capital gains for previous tax years.

I agree. as elsewhere, in the cryptocurrency sphere, civilization and structure are important, and this is possible only after the cryptosphere is fully legalized.