cryptotax

Made some good progress on the crypto accounting today, just ~3000 transactions left to review 😛 Got a first capital gains calculation going and it looks… expensive.

gm. Fulltime degen, building fun stuff onchain. 
Master of Disaster Frogworks, /ottodao bullfrog, ex @astaria

how do you know? 😆

what does "speculative" mean in SA? is it if you offramp in less than a year? or can swapping crypto to crypto still count as holding?

Here in South Africa if you held the crypto as a speculative investment (eg less than a year), your profit will be taxed as income tax (top bracket is also 45%). 

And you would almost certainly be registering for provisional tax I.e. you’d hold onto that profit for at most 6mo before needing to pay it over.

Ask me how I know 😭

Luckily capital gains tax in Germany is flat 25% while income tax is progressive and can go as high as 45%

building first global jackpot @megapot • ex @uniswap • 🟪 #45, FID #1575

and afaik it can only generate US tax reports right?

Yessir using it now! It auto labeled most events but still need to manually review a lot of transactions

Every trade felt small until the IRS saw the total.😭

Gotta give kryptos.io a try bro, we are built cool tech. Hit me up in live chat support if there any questions.