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Showing posts from April, 2019

How to file crypto tax for free

I just published the scripts that I used to prepare tax for XRP sales. With no or minimal changes, it should work for any crypto, any exchange. The repo is at https://github.com/r0bertz/node-xrp-tax Below is the contents of README.md: XRP Tax This is a collection of scripts to prepare tax for crpyto (not necessarily XRP) sales. A majority of this project deals with XRP Ledger, so it is called "XRP Tax". The end product is a csv file that can be uploaded to http://www.easytxf.com . Things to note Terminology: Symbol : The currency being traded. Currency : The currency you paid/got when buying/selling Symbol. USDT is considered USD. The csv format (except that of the end product) is bitcoin.tax format 1 . The Source column is overloaded. If Action is SEND, Source is actually destination. Only LIFO (Last-In, First-Out) method is implemented. LIFO method is universally applied for a Symbol no matter where the trade actually happened. Like-kind exchange