What are your thoughts on the various Crypto-tax services? For the first time in a while I'm going to have to deal with Crypto on my 2021 returns and my plan was to use on of the SaaS' out there for it. We are talking <100 (probably <40) trades max for my use-case and they seemed to be a good choice (as they import trades from major exchanges and spit out the needed IRS form) to use in addition to my normal tax preparing software.
Also, if it's not too much to ask, how should one handle crypto that they mined 6+ years ago, never declared (it was worth <$100 at the time of mining), and now want to cash out? My understanding is I was supposed to declare it as income way back then and now I would just pay capital gains (long term in my case) taxes on it. I'm happy to file some kind of an addendum but is it needed for <$100?
Also, if it's not too much to ask, how should one handle crypto that they mined 6+ years ago, never declared (it was worth <$100 at the time of mining), and now want to cash out? My understanding is I was supposed to declare it as income way back then and now I would just pay capital gains (long term in my case) taxes on it. I'm happy to file some kind of an addendum but is it needed for <$100?