This page explains the “Calculation and Display of Profit and Loss per Exchange” in cryptact.
We have received inquiries asking, "Can we calculate profit and loss for each exchange?" and "Can we upload files for each exchange and calculate profit and loss separately?" Currently, calculating profit and loss for each exchange is not permitted. Please note that uploading files for each exchange and calculating them separately will yield completely incorrect results.
Cryptact can help you organize, reconcile and prepare your cryptocurrency taxes.
Upload your transaction history, link your exchanges via our API support, enter your DeFi wallet addresses to automatically pull blockchain transactions.
We now support Canadian tax filing and rules! We developed our Canadian tax support in collaboration with MetaCounts, a Canadian crypto tax expert, to provide accurate calculations for a wide range of transaction types. If you are a resident of Canada, please refer to this page first.