Long story short - it’s identical to $USD accounting.
You don't need extra accounting software, we will do it for you. We will send you a spreadsheet with all the transactions containing all the details so you know exactly all the sales you made in the last period. This will help you when it comes to creating your invoices.
In the USA, the IRS defines cryptocurrency for federal tax purposes as property. As a result, cryptocurrency can be characterized as investment property (stocks), business property (inventory), or personal property (if used to purchase groceries or other consumable goods for example). Therefore, all the transactions in our platforms are taxable as any other regular sale made in fiat currency.
Form 1099-B is a document used by the Internal Revenue Service (IRS), a federal agency that collects and processes tax payments in the U.S., to record income other than salaried wages.
“..A broker or barter exchange must file Form 1099-B for each person: