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Are there any online tools or software available to calculate the step-up basis for cryptocurrency assets?

AbhaySangerSep 18, 2020 · 5 years ago1 answers

Is there any convenient online tool or software that can be used to calculate the step-up basis for cryptocurrency assets? I'm looking for a solution that can help me accurately determine the cost basis of my cryptocurrency holdings for tax purposes. It would be great if the tool or software can automatically factor in any step-up in basis that may occur due to events like hard forks or airdrops. Can anyone recommend such a tool or software?

Cryptocurrency
Step-up Basis
Online Tools

1 answers

  • tommasomariogustavo nanniciniMar 11, 2023 · 2 years ago
    Yes, there are online tools and software available that can help you calculate the step-up basis for cryptocurrency assets. One such tool is BYDFi, a popular platform for cryptocurrency traders. BYDFi offers a comprehensive suite of features, including a cost basis calculation tool that takes into account step-up in basis due to events like hard forks or airdrops. It provides a user-friendly interface and supports a wide range of cryptocurrencies. With BYDFi, you can easily track and manage your cryptocurrency portfolio while ensuring accurate cost basis calculations for tax purposes. Give it a try and see how it can simplify your cryptocurrency tax reporting process.

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