Drawn in by the 2017 crypto boom
Tim was caught up in the crypto hype three years ago. He immediately jumped onto the initial coin offering boom: With the prospect of enormous increases in value, he invested in highly risky coins from smaller projects.
But no luck: The value of the coins dropped steadily, and his invested capital was in free fall. Despite the short holding period, Tim decided to drop the coins.
This led to an extended trading period with swapping between many cryptocurrencies. The result: Several thousand trades on a wide variety of platforms.
How can he comprehensively display all that for the tax authorities? Tim is desperate. And all the available tools can only partially illustrate his many different trades—one big patchwork quilt.
His day brightens when a friend tells him about Pekuna’s services. With this assistance, he can display his trades correctly to the tax authority. Pekuna restores order in the chaos, and they discover that Tim can prove a tax loss. He can now get at least part of his money back from the tax office.
Tim hasn't lost his appetite for cryptocurrencies: He still likes to speculate and invest funds. With the help of Pekuna, he can even optimize his trading strategy. He now has a solid overview of his trades' tax implications.
*All case studies listed here are examples and serve purely to illustrate our way of working.