After crypto data processing, it is essential to review the data entered into the crypto tax tool.
At questr, this step is called crypto data verification, often shortened to data verification.
The need for this review is self-evident: missing transactions or incorrect classifications can lead to inaccurate tax calculations – often resulting in an unfavorable outcome.
During data verification, such errors and warnings are flagged to ensure that crypto data processing is both complete and accurate.
As a bonus, this thorough review often results in a lower overall tax burden.