Blockpit has developed a cross-platform monitoring solution that is intended for both companies and private crypto currency traders. This enables a clear calculation of the taxable crypto income and an acceptance of the tax return by tax consultants.
Crypto traders are often unaware of taxes on profits. Regular trading makes it difficult to keep track of the individual trades. This is mainly because every single transaction, including the exchange within crypto currencies, must be valued as a taxable event. If the tax office requests a declaration or proof, it will be difficult to provide this afterwards.
The software solution from Blockpit helps here. The monitoring platform automatically records all sources of income and creates a clear log. Every single transaction is imported and guarantees a daily documentation of all trades.
In addition, the user receives an overview of the development of his portfolio and information on taxable profits and speculation periods. Alarms for events such as value changes can be set in the system. The “Tax tips” option provides suggestions for tax optimization and information on regulatory changes in the crypto area.