Millions of cryptocurrency users face a challenging problem when it comes to staying compliant with tax laws. Due to the way the digital asset is treated by governments around the world, it is most often subject to capital gains and losses rules similar to stocks, bonds, and other forms of property.
This sparks a wide variety of problems for consumers, cryptocurrency exchanges, tax professionals, and other platforms that need to provide both cost basis data and fair market value data to properly report the asset for tax purposes.
CryptoTrader.Tax is a platform built to solve this challenge, and with its 2018 partnership with tax giant TurboTax, it is now bringing cryptocurrency tax services to the mainstream. The company is often referred to as The TurboTax for Crypto Investors.
David Kemmerer is a veteran in the crypto space and co-founder and CEO of CryptoTrader.Tax, a tax reporting software for Crypto Investors. He joins me on Tech Talks Daily to share the fascinating story of how he got started in Crypto and what we can expect in the coming years in this exciting new field.
David is a thought leader in the cryptocurrency industry on all things tax-related. His work has been featured in Forbes, Bloomberg, Venture Beat, CoinTelegraph, and many other publications. David has also spoken at industry events like the LA Blockchain Summit, TF Blockchain Conference, and more.
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