Feb 11, 2019
Zac McClure joins us from TokenTax. I was really excited to talk to Zac because it’s great to learn about the kinds of professional SaaS tools that crypto entrepreneurs are building. This was a fun conversation. Zac has had an eclectic career prior to crypto. He’s been an investment banker, taught financial literacy to high school students, and worked on social investing platforms. He’s been heavily invested in getting people to understand finance and investing, giving them the knowledge to own their own path towards financial freedom. TokenTax is an extension of this by helping people, funds and other institutions easily manage their crypto taxes. We go over how the US and UK treat crypto taxes, wash sales and a whole bunch of other tax specific topics. With tax season looming around the corner, you will definitely want to listen to this one.
Topics:
- Zac's background and his work experiences
- How he would love to have crypto taxes be a gateway to financial health
- How he got people interested in crypto
- How 1031 Exchange works
- How wash sales work
- How he recommends crypto taxes be treated
- What fork means in cryptocurrency
- On being conservative and consistent
- How he established a meaningful fork
- The solution TokenTax provides
- How TokenTax is different from others
- How they generate revenue on a business model side
- On their vision
- How they decided which feature to build first when they first started TokenTax
- A feature that did not go as expected
Seeing interest in the security token side
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