The complexities that arise when calculating the tax position on cryptoasset transactions are not limited to the principles of taxation but are embedded in the data relied upon for such calculations. Cue online crypto tax calculators, which promise accurate tax calculations with automated data handling. While software is a useful tool for collating data, it cannot currently be relied upon for providing a perfect tax analysis. Ensuring the correct tax outcome for clients requires a full understanding of the transactional data.
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The complexities that arise when calculating the tax position on cryptoasset transactions are not limited to the principles of taxation but are embedded in the data relied upon for such calculations. Cue online crypto tax calculators, which promise accurate tax calculations with automated data handling. While software is a useful tool for collating data, it cannot currently be relied upon for providing a perfect tax analysis. Ensuring the correct tax outcome for clients requires a full understanding of the transactional data.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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