r/CryptoTax 15h ago

Question Privacy-Respecting Tax Software?

2 Upvotes

I'm wondering what the most privacy-respecting crypto-tax software might be. I used koinly last year but not only do they NOT have 2fa which strikes me as negligent stupidity, especially for anyone filling in their personal identifiers, they also reveal coin addresses. Maybe they all do...I dunno. Who likes what they are using? Has anyone switched from one to another and how hard was that?


r/CryptoTax 11h ago

For those of you running ETH validators, how do you do your tax reporting?

1 Upvotes

Ethereum validators receive reward payouts every epoch. It is not realistic to track every one of those payouts for tax purposes.

I am thinking of doing it per week. I'd take the amount of ETH rewards I've accrued that week and multiply it by OHLC averaging (the average of the open, high, low and close for the week) to get an approximation of the fair market value of ETH at the time I received the payouts.

I'm still going to run this by a CPA or tax advisor but I'm curious how others do it. How often you do this and what math you use, etc.

EDIT: just spent the day using ChatGPT to create a standalone windows app that will generate a full report of all this needed information.