Weekly Or Daily Buy?
Hey guys, I just got back into crypto after a bad investment journey a while back. I am doing daily buys of bitcoin on cash app but my big question is, how do I track my transactions for taxes? I used to use cointracker.io, but have never bought crypto on cash app before. My plan is daily buys, and transfer into cold storage at end of month. Is this a smart way to do it? Should I be doing weekly buys instead? Daily is 365 transactions I’d have to know cost basis and all that for. I just want to make sure I do this the smart way. Any advice is appreciated!:) submitted by /u/Skilletdrummer [link] [comments]
Hey guys, I just got back into crypto after a bad investment journey a while back. I am doing daily buys of bitcoin on cash app but my big question is, how do I track my transactions for taxes? I used to use cointracker.io, but have never bought crypto on cash app before. My plan is daily buys, and transfer into cold storage at end of month. Is this a smart way to do it? Should I be doing weekly buys instead? Daily is 365 transactions I’d have to know cost basis and all that for. I just want to make sure I do this the smart way. Any advice is appreciated!:)
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