Crypto Tax Software Said $140K. The Real Gain Was $89K

<p>Crypto tax software can produce questionable results when transaction history or cost basis is incomplete.</p><p>In this episode, Clinton Donnelly shares two real client examples involving missing crypto records.</p><p>In one case, records from an old exchange were unavailable. Trade confirmation emails and Coinbase records helped support that incoming Bitcoin represented a transfer of the client’s own assets rather than taxable income. Working</p><p>In another case, crypto tax software calculated approximately <strong>$140,000 in gains</strong>. The client believed the figure was closer to <strong>$90,000</strong>. After a professional gain calculation, the result was <strong>$89,000</strong>, with Clinton estimating roughly a <strong>$20,000 tax difference</strong> based on the tax rate discussed in the example. Working</p><p>Learn more about CryptoTaxAudit:<br><a href="https://www.cryptotaxaudit.com/">https://www.cryptotaxaudit.com/</a></p><p>Crypto tax pricing:<br><a href="https://www.cryptotaxaudit.com/tax-crypto-pricing?utm_source=chatgpt.com">https://www.cryptotaxaudit.com/tax-crypto-pricing</a></p><p>This episode is for educational and informational purposes only and does not constitute tax, legal or financial advice.</p><p><br></p>