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However, there are several ways you can reduce your taxes, such as tax loss harvesting. By integrating with all of your cryptocurrency platforms and consolidating your crypto data, CoinLedger is able to track your profits, losses, and income and generate accurate tax reports in a matter of minutes. Currently, each user can generate a Capital Gain Report, Income Gain Report, or a report of all their transactions in the tax year. Examples typically include selling your cryptocurrency or trading your cryptocurrency for another cryptocurrency.
