Tax Reporting & Auto Loss Harvesting

At Multitude, our mission is to make trading and investing in traditional markets via cryptocurrencies as seamless and compliant as possible for our customers. Part of this commitment involves simplifying tax reporting and ensuring that our users have access to efficient tools for managing their tax obligations, although we're also pushing the boundaries to help our community benefit.

Tax Reporting To streamline tax reporting for our users, we take inspiration from platforms like Koinly. Our platform will provide comprehensive tax reports tailored to each user's jurisdiction, ensuring compliance with local tax regulations. Our platform will also integrate with popular tax filing software to make the reporting process even more seamless. There will also be a way to view your estimated tax bill as your trading year progresses so that you can make informed decisions and trade accordingly. Automatic Tax-Loss Harvesting

In an effort to innovate in every aspect of the platform, Multitude is pioneering an automatic tax loss harvesting feature. Users can opt-in and set parameters for this feature, which will monitor their investments and automatically trigger the sale of underperforming assets to offset capital gains taxes at the end of the year. Users can also set reminders and be alerted of any potential tax-saving opportunities. By introducing automatic tax loss harvesting, we aim to help our users minimize their tax liabilities while maximizing their investment returns.