Tax season is months away, which is why you need to start preparing for it now. Leave everything to the last minute and you’ll only end up cursing your procrastination. Organize your cryptocurrency activity in advance and you’ll breeze through tax deadline day without so much as flinching. Despite maddeningly vague or unfair legislation, filing your crypto taxes is surprisingly simple thanks to an array of tools that make tracking and calculating your obligations a cinch.

Also read: Argentina’s Peso Collapse Shows Governments Shouldn’t Control Money

Crypto Taxation Doesn’t Have to Be Testing

Whatever your thoughts on paying tax, the fact of the matter is that it’s an unavoidable obligation. Unless you’re fortunate enough to live in a country that doesn’t impose income tax (here’s looking at you Bermuda, Monaco, Bahamas, Andorra and the United Arab Emirates), come April, you’re going to have to pay your dues. There’s no getting around it, but that doesn’t mean you have to approach the…

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Source: https://news.bitcoin.com/these-portfolio-trackingtools-will-also-prepare-your-crypto-taxes/