Beginner's Guide to Crypto Taxes Using Koinly to Track Trades and Transfers
🥳Get a 30% Discount on a Koinly Tax Report When you Use My Link🥳 Sign up for a Koinly Account Here: https://koinly.io/?via=DDCB9CA6 In this beginner-friendly demonstration, I walk you through how to calculate your crypto taxes using Koinly cryptocurrency tax software. Here’s what I cover: 1️⃣ Setting Up Your Koinly Account: Learn how to create your Koinly account and connect your wallets and exchanges to easily track your crypto trades and transfers. 2️⃣ Track and Trace Your Transactions: Discover how Koinly automatically tracks your capital gains and calculates the taxes owed for all your crypto transactions, making tax season less stressful. 3️⃣ Privacy Concerns: I discuss the importance of submitting all your crypto information to the IRS to avoid issues. Trying to hide your crypto can lead to problems, so using trusted third-party services like Koinly is essential for privacy and accuracy. 4️⃣ Trustworthy Tax Solutions: Just like H&R Block or tax attorneys, third-party services like Koinly are bound by law to keep your financial information safe and private. This video will help you take control of your crypto taxes and make the process of filing much easier. 00:00 Introduction 00:30 Tax Concerns 02:27 Privacy Concerns 05:13 Set up Your Koinly Account 07:10 Connecting Your Bitcoin Wallet 10:00 Connecting other Crypto Wallets 12:14 Connecting Your Coinbase Account 13:42 Connecting Your Metamask Wallet 14:48 Resolving Alerts 15:25 Choosing a Tax Plan Join this channel to get access to perks: / @cryptodad Connect with CryptoDad: 🐦 Twitter: / the_cryptodad 🎥 YouTube: / cryptodad 📸 Instagram: / the_cryptodad Reddit: u/thecryptodad Interested in a video chat session to get your new wallet set up or restored? Or maybe you have a technical issue that you can't figure out. Or perhaps you just want a Q & A session. Shoot me an email and we can set something up! 📬Email: [email protected] 💡 DISCLAIMER: This video is for educational purposes only and should not be considered financial advice. Always do your own research before investing in cryptocurrencies.
