What do you need for cryptocurrency tax return? A thorough guide on how to download transaction history!
Tax calculation occurs for cryptocurrency tax returns.
However, by downloading your transaction history from an exchange and using the National Tax Agency–endorsed online tools, you can simplify the tax calculations.
Here, we mainly introduce the download targets for transaction histories from exchanges, and also touch on the documents required for filing, printing of transaction histories, and the tax accountant for the filing.
What is the most essential thing for cryptocurrency tax filing?
There are no particular items required for cryptocurrency tax filing.
Regarding cryptocurrency gains and losses, you only need to enter them on the second page of the tax return form.
But in reality, finishing there would be risky.
Even if the figures are not requested by the tax office, attaching a ledger of your income and expenditures and the supporting transaction history from the exchange can help protect you.
Even if the figures entered on the second page are true, if there is no supporting documentation such as an itemized ledger of income and expenditures, a verification process will inevitably occur.
That leads to inquiries from the tax office, and ultimately you will need to provide prompt answers based on the documents.
Rather than hastily verifying materials after a lapse of time, it's more reliable to pre-print and attach an oral history of income and expenditures tracked in writing and the exchange’s history data.
【Table of contents for this article】
- What is the most essential thing for cryptocurrency tax filing?
- How to download transaction histories【Domestic exchanges】
- How to download transaction histories【Overseas exchanges】
- Is it recommended to print transaction history files at convenience stores?
- Is it better to entrust tax calculations to a tax accountant?
- Summary
- Related articles you may want to read about taxes
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