YaxReturns is a must need for anyone trying to make sense of crypto tax returns this year.
Makes a complicated task MUCH easier!Cons:
none, this product is one of a kind and leading the industry
It integrates with most exchange and does so much of the calculation automagically for you. I was dreading having to figure all of this out. Coinbase already reports all my data to the IRS so paying taxes is an inevitability in Crypto now. Yax is there to help in a big way.Hands Shownborg has used this product for one month.
Very easy to hook up with the exchange APIs.
BEWARE: Double check data. My ETH & LTC transactions have bad data: either the cost basis was estimated at $10k+ or $0. (screenshot below)
I'm not sure what went wrong here and if I didn't know better (I have my own tax preparation business), I wouldn't know the calculations are wrong. Plus its $150+ to fix the transactions manually.
Ultimately, I want to see YaxReturns succeed because consumers NEED to have easy-to-use tax solutions for digital currencies in order for blockchain to be a globally accepted means of transacting. When the platform has been patched, I'd be happy to update my review.
BTC seemed fine. https://gyazo.com/d107e11986b328866629bee1d396032aChris Kovalik has used this product for one day.