No More Crypto Tax Headaches: Simplify Your Tax Reporting for Margin Trading & DeFi 📉 #cryptotax

Join Clinton and David as they unravel tax reporting complexities of margin and DeFi trading. Discover actionable tips to track your PNL accurately, understand data discrepancies across platforms, and report your income honestly. Clinton shares insights on IRS audits and the duo discusses the limitations of relying on imported data for DeFi transactions. Equip yourself with the right strategies to handle complex audits.

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📣 Host: Clinton Donnelly
👉Twitter: https://twitter.com/CryptoTaxFixer
👉Book a consultation: https://www.cryptotaxaudit.com/consult/private-consult

💎 Guests Host:
David Canedo, Product Manager. David is a licensed CPA specializing in crypto taxation. He has invested countless hours in understanding blockchain technology and is an advocate for fair crypto regulation.
Learn More 👉 https://www.cryptotaxaudit.com/about

✍🏽 Join The Crypto Tax Amnesty Initiative
👉 https://www.cryptotaxamnesty.org

🔥 Do your crypto taxes right with CryptoTaxAudit
👉https://www.cryptotaxaudit.com/services

▬▬▬▬▬ 🕒 TIMESTAMPS 🕒 ▬▬▬▬▬
00:00 - Intro
00:57 - Margin Trading Complexities
02:21 - Tax Reporting Tips
04:08 - IRS Reporting
05:37 - Form 8949
07:15 - IRS API Stanc
08:18 - IRS Audit Data
09:34 - API vs CSV
10:46 - DIY Tools
12:31 - Online Gain Calculation
14:45 - End

▬▬▬▬▬ FOLLOW ▬▬▬▬▬

🎙 Podcasts 👉The Clinton Donnelly Show 👉 http://TheClintonDonnellyShow.com

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▬▬▬▬▬ SPONSOR ▬▬▬▬▬

🐋 Sponsor: CryptoTaxAudit
CryptoTaxAudit is the ultimate solution for ensuring your crypto taxes are precise and fully compliant with the latest regulations. With expert guidance and support, you can avoid costly penalties and enjoy complete peace of mind. Don't take any chances with your hard-earned assets. Become an Audit Defense member today and take control of your financial future! Visit CryptoTaxAudit.com today.

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#PNLTracking #IRSaudits #BlockchainTransactions #InvestingTips

▬▬▬▬▬ NOTICE ▬▬▬▬▬

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📜 Disclaimer
All opinions expressed by the show’s host and guests are their own. Do not construe them as tax, legal, or financial advice. In addition, they may not represent the policies or opinions of our sponsor, CryptoTaxAudit. Research legal, tax, and financial guidance and advice as needed.

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More videos from Clinton Donnelly:
https://www.youtube.com/watch?v=DcU3_tgmk8c&list=PLlRL1XYAzH0kza6N14GZ8uRlgU9Iq7fVa&index=4
https://www.youtube.com/watch?v=K_-Y3BbvTxQ&list=PLlRL1XYAzH0kza6N14GZ8uRlgU9Iq7fVa&index=10

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