HOMELIBRARYFINANCE & ACCOUNTING
GUIDEFINANCE & ACCOUNTING✓ SAFETY VALIDATEDINTERMEDIATE

A Validated Finance & Accounting Tool for Your AI

How to track crypto transactions for tax purposes — cost basis methods, staking income and DeFi.

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SETUP TIME
0 min
SKILL LEVEL
intermediate
COST TO RUN
Free. This is a written guide with no MCP server, API calls, or external costs.
SAFETY SCORE
89/100
A DAY WITH THIS

It's April, and you're staring at a spreadsheet of 47 crypto trades from the past year. You pull up this guide and learn that your exchange's export format already captures cost basis—you just need to pick FIFO vs. average cost before filing. Twenty minutes later, you know exactly which method minimizes your tax bill.

TRY THIS FIRST
Explain FIFO vs. average cost
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The exact prompts, config and setup instructions are available to Followloop subscribers.

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FOR INTERMEDIATES

Requires basic understanding of cost-basis accounting and your own transaction history, but no coding or software setup.

SAFETY STATUS
Safety score89/100
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Re-scanned every 6h
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