Cointracking.info helps traders track every trade and automates tax preparation

As many people already know, the IRS is cracking down on Coinbase. As the marketcap for crypto is now over 200 billion dollars we can expect that at some point people who have done well for themselves are going to want to spend their money. What good is it to get rich trading crypto only to lose it all to the IRS? So for people who want to pay the IRS so they can have peace of mind there is Cointracking.info.

I'll be first to say I don't actually know the best practice for dealing with taxes on Steemit. I do know income is income and has to be reported one way or another. The good thing about Cointracking is I can connect it to all the major exchanges at the API level so that as soon as I sent any crypto to one of these exchanges it tracks all my trades automatically. It also helps me track into because once Steem or Steem Dollars hits an exchange the exchange sees a deposit an tells you how much it is worth in dollars the moment it hits the exchanges.

If you're interested in Cointracking then use My Link and you can get a 10% discount.

And before anyone posts a comment saying "taxation is theft", it doesn't change the fact that if we don't pay taxes willingly then we pay unwillingly and the expenses are much higher that way. This is about wanting to keep the money we earned.