Mudrex provides users with a Transaction Statement that can be used to calculate their Profit & Loss (P&L).
Users can calculate their P&L using the Transaction Statement in the following ways:
Manually, by reviewing trades, fees, and wallet activity included in the statement
By uploading the Transaction Statement to third-party tax platforms to generate P&L and tax reports
In addition, to make P&L calculation easier for users, Mudrex offers a seamless integration with KoinX, a crypto tax reporting platform, enabling users to access their Profit & Loss (P&L) reports.
To access the P&L report via KoinX, users can:
Log in or sign up on KoinX
Select Mudrex as the partner platform
Fetch their transaction data from Mudrex
View and download their P&L report
Use the report for tax computation and filing
Users are advised to verify all calculations and consult a tax professional for final tax filing.
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