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TokenTax’s Zac and Alex: The Ultimate Crypto Tax Deep Dive

Nov 18, 2020 ·

By Tom Shaughnessy

Chain Reaction Host Tom Shaughnessy hosts Alex Miles and Zac McClure, the co-founders of TokenTax. The team answers our most nuanced crypto tax questions and get into detail on how the founders are scaling their tax software. This was a must-listen episode for anyone filling their crypto taxes.

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Show Notes

(1:35)    –  (First Question)  Token Tax Background

(3:39)    –  How hard it was to do Crypto Taxes in past years

(6:28)    –  Main reasons people come to Token Tax

(7:56)    –  Token Tax, does it reduce Audits

(12:27)    –  Minimization, a new option to calculate tax burden

(18:12)    –  Is a complex Tax Code good for business

(24:10)    –  Insights about Tax Loss Harvesting going into New Year

(28:52)    –  What’s behind integrating New DeFi Platforms

(30:30)    –  Tax implications of staking ETH 2.0 (*)

(33:27)    –  Inside Token Tax and Active Aggregators

(36:00)    –  Rebasing coins (*)

(37:57)    –  How are rug pulls accounted for (*)

(39:58)    –  Implications on moving from BTC to WBTC (*)

(41:09)    –  Biggest Mistakes that the average Crypto Investor makes with their Taxes (*)