Saim Akif

CPA, CFA, CAMS, Realtor

Cryptocurrency and Virtual Currency Accounting
Real Estate and Construction Accounting

Saim Akif, CPA, CFA, CAMS, Realtor

Erc20 Taxes, Binance, Avalanche, Ether Mainnet, Metamask, how do they work?

Hello Saim, I’m curious about different exchanges and what should I do to keep a track of my taxes?

They work similarly as with other crypto. You have to keep track of your basis.  Erc2.0 coins trading is not a like kind exchange, its a coin to coin exchange which is a Taxable event.

If confused, consult with your CPA.

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