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Keshav Sharma
Keshav Sharma

Posted on Originally published at settlematic.com

Reporting crypto invoice income: keep the quote and the tx, then call a CPA

Not tax advice. Software should retain: fiat quote, asset received, timestamp, hash, customer. Your CPA decides recognition. Do not use a random spot price from the day you felt like exporting.

If the vendor had custody, you may have a different fact pattern than a direct on-chain receipt. Write that down.

Canonical: report crypto income from invoices. settlematic.com

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