Mazda3 Posted March 13, 2018 #1 Posted March 13, 2018 The largest American crypto-exchange platform Coinbase has launched a new tool for traders, which allows you to calculate the approximate profit or loss that emerged during trading. The new initiative is designed to simplify compliance with tax laws for site customers, according to the company's blog. Quote "The calculator allows us to make a preliminary calculation of the profits / losses of our customers, but it is not an official tax instrument. For the validation of the results it is necessary to consult your tax specialist, "the report says. As stated in the message, the calculator can be used to compile a report on the growth (or loss) of capital on the platform. For calculations, the 'first-in-first-out' method is used. However, the representatives of the exchange note that the new tool is created for those users who buy and sell crypto-currencies exclusively on the Coinbase platform. The calculator is not recommended for traders who purchased digital assets on third-party platforms or during initial coin offerings.
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