Crypto payments firm Flexa is working with cryptocurrency tax software provider BearTax and utilizing their smart-matching algorithm for their customers to automatically have their gains and losses determined this tax season. BearTax’s smart-matching algorithm will enable Flexa customers to simply upload the CSV report of their cryptocurrency transaction history, regardless of the amount or purpose of each transaction, and the BearTax platform will be able to detect such events and calculate capital gains or losses appropriately. BearTax also connects with other exchanges and wallets, which means the transfers executed between wallets/exchanges and Flexa enabled apps can be tracked and collated to present the complete cost basis of the assets spent. Read more

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If you have received 1099K from a specific exchange because of your trading activity and it has huge numbers, don't worry! You are not alone. Since the amount shown on this document is the sum of all payments processed for you - it could be sum of all deposits, sales, transactions done on that exchange or platform. You might NOT really owe taxes on that big dollar amount. We have put together information to help you with this situation. For the love of crypto community. Read more here

https://www.youtube.com/watch?v=kcw7l1DPUb0

https://www.youtube.com/watch?v=ZmpRbceLk3o

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https://www.youtube.com/watch?v=9VXg99xbp9E