Used BitMEX, BitMart or AscendEX? Download Your Records Now

If you have traded on BitMEX, BitMart, AscendEX, or another cryptocurrency exchange that is closing operations, download your transaction history before you lose access.Without those records, it may become much harder to prove your crypto cost basis for tax purposes. Missing transaction data can also cause crypto tax software to use older or lower cost basis figures, potentially overstating your gains and showing more tax due than is correct.In this episode, Clinton Donnelly, EA, explains why taxpayers are responsible for maintaining their records under Internal Revenue Code Section 6001 and why affected traders should act as soon as possible.Download and securely store any available:Trade historyTransaction historyDeposit and withdrawal recordsCSV exportsAccount statementsThis content is for general educational purposes and is not individualized tax advice.Learn more:https://www.cryptotaxaudit.com/