Crypto Statements & Confirmations
All Titan Crypto clients will have a separate account number with Apex Clearing, our broker- dealer & Custodian. All Crypto clients will receive the same types of documents clients are currently receiving, such as monthly statements and trade confirmations.
Crypto Taxes & Tax Forms
Per the IRS rules, cryptocurrency transactions are taxable and are treated as a capital asset, similar to stocks and bonds. (IRS - Virtual Currencies Link)
Clients will receive a separate profit and loss statement similar to a 1099, which will report capital gain or loss on crypto sale transactions, if any occurred during the tax year.
This statement is not currently compatible for integration via TurboTax. The statement would need to be downloaded and the information entered into TurboTax manually.