Tax implications of the Ethereum Merge and what to do to prepare

CryptoSlate spoke with Tony Dhanjal, Head of Tax at Koinly, a crypto-focused tax software company.

Koinly allows users to create tax reports by linking wallets and exchange accounts and then using on-chain data to calculate any tax liabilities.

Creating tax reports for crypto can be almost impossible for the average user and can lead to high accountant costs due to the potentially vast number of transactions that need to be processed.

Given Koinly’s deep understanding of both tax and crypto, CryptoSlate spoke with Dhanjali about the upcoming Ethereum merge to find out if the event will trigger any taxable events.

The post Tax implications of the Ethereum Merge and what to do to prepare appeared first on CryptoSlate.