We require a crypto asset expert who is well versed in tax law to give us advice on how to keep track of our crypto asset so we can report accurately their value at the end of each year in order to work out what the profit/loss will be based on the values of the various crypto assets we have investments having gone up or down over the previous 12 months.
The situation as it stands now is this;
We accept bitcoin as payment for goods on our websites. This is how we primarily accumulate btc. I have then been reinvesting some of this bitcoin into other altcoins and moving some of the funds to cold storage (Trezor wallet) where it is safest. However, the problem lies in that we are not able to track the coins which i have put into cold storage - I can find no way to track them using the tracking tools; Delta & CoinTracking.
We basically need someone to point out to us what we are doing wrong and then show us how to to do it right because right now we have no real idea of what how much we've gained or lost over the past 6 months as the btc is spread across so many altcoins on several platforms/exchanges and on the trezor wallet. Delta supports tracking some, but not others and Cointracking is the same.
I'm sure there is a simple solution to all this. We're appreciate if someone could show us it.
Skills & Expertise RequiredBitcoin
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