Does Mudrex provide a Profit & Loss (P&L) report?

Created by Mudrex help, Modified on Mon, 30 Mar at 8:13 PM by Mudrex help

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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