You can’t file your crypto taxes without knowing your cost basis. Here’s everything you need to know about cost basis — in less than 3 minutes. In this video, David Kemmerer, CEO of CoinLedger (formerly CryptoTrader.Tax) breaks down the fundamentals of cryptocurrency cost basis and shares how investors can use basis to calculate their tax liability.
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Timestamps:
0:00 Introduction
0:40 What is cost basis?
1:06 How to use cost basis to calculate capital gains
1:42 How do fees affect cost basis?
2:05 The easiest way to track your cost basis
#Cryptocurrency #CryptoTaxes #CryptoTrading