Withdrawal Classification

After you have uploaded your data into the CryptoTax web application, various classification options for deposits and withdrawals are displayed in the classification area. If you do not make a classification, our assumptions will apply.

Why classifying withdrawals?

Standard classification – tax-neutral payout

Over the Counter Sales – Sales that do not take place on exchanges

Gifts – Coins that were given away for free

Margin Trading – Withdrawals resulting from losses or fees during Margin Trading

Expenses – Spending coins for products or services

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