TokenTax Review – Is TokenTax DeFi Legit?

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TokenTax DeFi DEMO

TokenTax REVIEW

Summary

TokenTax DeFi is an established crypto tax preparation software

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Details

System TokenTax DeFi
Website URL www.TokenTax.co/DeFi
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Overall Score 9.3/10

FULL REVIEW OF TokenTax DeFi

Are you thinking about using the TokenTax DeFi service and are they really worth using to save time and help to file cryptocurrency taxes on time? TokenTax is the first and only cryptocurrency tax software that integrates every cryptocurrency exchange to calculate taxes accurately for users. These include the major platforms such Binance, BitMEX, Binance to DeFi platforms and even NFT marketplace such as OpenSea. With the size of the cryptocurrency industry growing bigger day by day, more and more crypto investors and accountants are looking for tax solutions which the TokenTax DeFi platform has done a great job in helping users solve.

With TokenTax DeFi, users are able to track their capital gains and losses, generate forms like Form 8949 and also choose the appropriate tax reporting strategy with the Tax Loss Harvesting tool. They can choose to import their data either from CSV or API and efficiently reconcile it with their trading history. They can then make the choice of whether they wish to take their cryptocurrency related tax documents to another tax filing software or provider with file with TokenTax DeFi’s expert tax filing team.

DeFi Taxes Explained. Everything you need to know about… | by Rebecca Mqamelo | Zerion

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What Are The Main Features And Benefits Of Using TokenTax DeFi?

  • Tax Loss Harvesting

This is a method that allows users to decrease the taxes that they owe by selling off assets that they hold at a loss in order to reduce the capital gains liabilities. This is done automatically by TokenTax, which will go through users’ crypto transaction histories to analyse the positions and understand which ones are at losses.

  • Crypto Margin Trading Taxes

Filing taxes on margin trades can be really cumbersome without a tool like TokenTax. It is able to handle all of the intricacies of this task, automatically importing users’ profits and losses from the exchanges that they have used and calculates the margin trading tax automatically.

  • Pricing

TokenTax DeFi offers 2 different services, one for cryptocurrency tax calculations and the other for handling entire tax filing needs. Both have their own unique pricing structures and members can decide on which one they want and only pay for the services that they need.

  • Tax Professional Suite

TokenTax DeFi comes with their own exclusive features that can be used by accounting firms to build support for their own cryptocurrency traders. Many cryptocurrency accounting organisations and accountants have benefited from its features such as tax calculations, tax form completions etc. by simply importing their clients’ trade histories and let TokenTax do all of the work thereafter.

Review Verdict:  TokenTax DeFi is a legitimate platform that works

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Consumer Fraud Alert Regarding TokenTax DeFi

The success of TokenTax DeFi has given rise to many frauds who try to sell their own fake platforms in its name. This is a big issue as many customers have lost their money in joining from such fake sites. It is advised that customers should be really careful when they are joining and should do some research before they join from any website. To spot these, watch out and avoid sites that claim to write about TokenTax DeFi, yet the write-up is completely garbage and unreadable as they are created by software and spammed all over the internet. It is always better to avoid joining from any other site other than the official one. Therefore, it is highly advised that consumers do careful research, or only join from the site from the official website here – http://TokenTax.co/DeFiOfficial (link opens in a new window). The official website that they have includes the legitimate platform.

Conclusion about TokenTax DeFi

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In summary, TokenTax DeFi has been shown to be suitable for users who have a mix of digital currencies in the portfolio and have more complex tax calculations to make. It provides CPA assistance, works on multiple exchanges and automates users’ crypto tax filings to save them plenty of time and headaches from having to do so manually. Therefore, if you too would like to start calculating your crypto taxes automatically to ensure timely and accurate crypto tax filings, then we highly recommend you to learn more about TokenTax DeFi at the button link below!


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