Cryptocurrencies are generally treated as property by the IRS (at least for the time being). This means everything from coins to NFTs are subject to capital gains rates. Some crypto transactions (like airdrops, for example) are treated as ordinary income, which is different from simply buying and selling crypto and/or crypto related assets.
Bookmate uses different software platforms for different use cases. However, we primarily use ZenLedger to calculate crypto tax liabilities. After our consultation, we will determine which tools will be necessary to calculate your tax obligation!
Absolutely. Bookmate provides customers with consultative solutions to create a tax filing plan.
Bookmate's services are rendered on a project basis. We will create a custom engagement for you that will outline how services will be rendered. You do not need to sign a long term contract to do your taxes with us!.