David Kemmerer | Source | CoinLedger
David Kemmerer
David Kemmerer is the Co-Founder and CEO of CoinLedger. David has been involved with the cryptocurrency industry since 2017 when he began experimenting with automated trading systems to execute market-making and arbitrage strategies. Eventually running into the difficult tax reporting problem, David launched CoinLedger with his two co-founders in 2018 to automate the entire cryptocurrency tax reporting process. Prior to launching the company, David worked within sales and go-to-market teams inside of software-giant, Oracle.
David has spent the past three years building the CoinLedger product and team to solve the tax reporting and portfolio tracking challenges that cryptocurrency users face. David is a Forbes Finance Council member and an expert on the tax implications of digital assets.
In his free time, you can find David out on the water, playing music, or reading somewhere in Austin, Texas, where he currently resides.
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INSIGHT: Common Issues Encountered in Crypto Tax Compliance
Cryptocurrency taxation is complicated, and compliance isn’t helped by the lack of regulatory guidance. David Kemmerer of CryptoTrader.Tax, Sharon Yip of Crypto Tax Advisors LLC, and Joshua Azran of Azran Financial walk through five of the common issues encountered in cryto tax compliance.
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Trade Your Crypto. Buy Your NFTs. And Pay Your Taxes. (Published 2022)
The question about whether you made money on cryptocurrency is even higher on your tax form than the line for your wages. There are new tools to help you get it right.
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Council Post: Did You Receive A 1099 From Your Cryptocurrency Exchange? Here's Why It's Useless
From a tax reporting perspective, 1099-K is useless because it does not help the taxpayer report capital gains and losses from cryptocurrency investing activity.
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