Here are the big takeaways from our conversation with the Head of Tax and Compliance Strategy at Accointing, David Canedo -
- Crypto taxes are complex. Even the IRS needs software to figure out your capital gains/losses.
- The is no one right answer. All tax tracking apps will provide a range of results.
- More people are moving towards DIY tax filing, using apps instead of hiring a professional.
- Increased clarity and guidance are needed for tracking global DeFi activities, given that many crypto users do more than just buy and hold.