There's nothing overly complicated here except the use of a currency to buy another currency when we buy Litecoin (LTC) with Ethereum (ETH). The challenge here is that we started with Bitcoin (BTC) and then traded this for Ethereum (ETH) without selling it back to Bitcoin but trading it again for another cryptocurrency, Litecoin.

Notice also that we deposited BTC at the height of the most recent boom when Bitcoin (BTC) was approaching 20K per coin. This is important as we'll see later that not accounting for the release of currency BTC leads to large tax over payments.

See the following comparisons to see how different tax calculators handled the above transactions:
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