How to reduce your tax bill with tax loss harvesting

How to reduce your tax bill with tax loss harvesting

Lower your tax bill by making sure that you count all your losses, especially last year when the market suffered a downturn. We’ve teamed up with crypto tax calculator Koinly to present a guide to crypto tax loss harvesting. Before we jump into tax loss harvesting tips, let’s go over the crypto tax rules real quick. In many jurisdictions, crypto is generally viewed as a capital asset - like property or stocks. That means when you dispose of a capital asset, you’ll realize a capital gain or los
Mar 17, 2023
Crypto Taxes: What you need to know

Crypto Taxes: What you need to know

For many investors around the world, the deadline to file your annual tax return is looming - which means one thing. You need to get your crypto taxes in order. From the IRS to HMRC - tax offices globally have made it very clear that they expect investors to pay taxes on their crypto profits. Despite this, many investors are still unaware of how their crypto is taxed, which tax applies and how to calculate and report their crypto taxes. Fortunately for WOO X users, crypto tax just got a whole
Mar 1, 2023
WOO X users can now easily calculate crypto gain taxes via Koinly

WOO X users can now easily calculate crypto gain taxes via Koinly

In a bid to provide WOO X users with an intuitive end-to-end user experience, WOO Network has partnered with Koinly to allow traders to easily incorporate tax calculations and generate filing forms that follow their respective country’s tax authorities. “We understand our users’ pain points and tax filing is one of them. Filing taxes can be tedious because every jurisdiction has its own set of rules, especially when calculating earnings from crypto trading. Traders will be able to generate thei
Feb 8, 2023

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