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ChristianØ
@christian
Crypto taxes suck. But it's a data problem, not a tax calculation problem. Few people know this. And even fewer are trying to fix it.
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Mark Hilgenberg
@hilgi
I use token tax and they do a great job with the data. Over 20,000 transactions one year with LPs, staking, cross chains etc.
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ChristianØ
@christian
I've tried token tax a bunch of times and they always seem to get something wrong. Tx classifications or missing data, something is always wrong.
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Mark Hilgenberg
@hilgi
If you are just doing the basic ya, I use the VIP and some years above that.
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ChristianØ
@christian
Not basic, used Pro. Vip the only difference is that I get consultations and they will manually sift through the data for me. But the data was still wrong to begin with, in their systems.
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Mark Hilgenberg
@hilgi
Hmm, not sure what would cause that. They draw from blockchains and CEXs. The only issues I found was with very old BTC.
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ChristianØ
@christian
CEXs are usually easy, that's just swaps and staking and really just simple stuff. The problem with getting the data from the chain is usually that the source they retrieve that data from can provide all or only some of the data needed to get an accurate picture of the transaction history, on that chain, on that specific account. That doesn't even cover the other hard part yet which is the categorization of each transaction and account reconciliation. Now repeat that across 10-15 chains or more, and something always ends up wrong. Always.
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