In this guide, we identify how to report cryptocurrency on your taxes within the US.
This guide breaks down the fundamentals of Bitcoin taxes and walks through the reporting process in the United States.
In this guide, we’ll discuss exactly how you can get your tax reporting done when using popular crypto exchange: Coinbase Pro.
Taxes can be a complicated subject. In this guide, we break down everything you need to know when it comes to cryptocurrency taxes for UK citizens.
Our team of researchers has done all of the hard work for you! We’ve spent hours upon hours scouring the internet for the best bitcoin and crypto affiliate programs out there. This guide reveals our findings.
Private keys, recovery phrases, no ways to file disputes - storing and managing your cryptocurrency can be incredibly confusing. This only gets worse when you consider how valuable your crypto becomes over time and the fact that transactions are irreversible. This quick refresher on the best places to store your crypto explains everything you need to know and is good for beginners and veterans alike.
CryptoTrader.Tax has officially teamed up with Crypto.com to bring automated cryptocurrency tax reporting to Crypto.com users. This article guides you through each step of the process and allows you to get your crypto taxes done in a matter of minutes.
Uphold has become one of the leading cryptocurrency platforms and exchanges on the market today. This guide breaks down how to do your Uphold taxes as well as how you can build out your necessary crypto tax reports.
This blog post explains how you can report the interest received from your Celsius account on your taxes. Celsius Network has become one of the largest players in the crypto loan origination space.
The market demand for professional cryptocurrency tax preparation services outweighs the supply by so much that the tax firms who offer cryptocurrency support are acquiring highly profitable clients at an astounding rate.
Bitstamp has become one of the largest cryptocurrency exchanges based in the U.K. This article discusses these challenges and explains the easiest way to build out your required Bitstamp and crypto tax forms.
Just like in traditional markets, it’s important to understand the instruments you are trading. With crypto, there is great research being put out on a regular basis that can be helpful for deciding what to trade. Research tools that offer reliable metrics about token projects are useful in evaluating their overall health and activity.
Tax loss harvesting is one of the most effective ways to reduce your tax bill for the year. This guide outlines what tax loss harvesting is, how you can use it to reduce your bitcoin and crypto tax liability, and how you can use CryptoTrader.Tax’s Tax Loss Harvesting tool to automatically detect your greatest opportunities for tax savings.
Canada’s cryptocurrency tax policy is receiving more attention as Bitcoin and other cryptocurrencies have gained significant popularity over the past few years. This guide discusses how cryptocurrencies are taxed in Canada and provides tips on making tax compliance easy and fast for citizens through the use of cryptocurrency tax software.
Cryptocurrency loans contain some unique features and have different tax implications separate from simply buying, selling, and holding cryptocurrency. This guide discusses the tax implications for these new types of cryptocurrency financial services.
When it comes to doing your KuCoin taxes and building out your required KuCoin tax forms, a number of challenges arise. This article discusses these issues and explains the easiest way to build out your required KuCoin and cryptocurrency tax forms.
This article explains the easiest way to build out your required Bittrex and cryptocurrency tax forms.
This article breaks down the next steps for including your crypto tax reports with your entire tax return. As you will see, you have a few different options depending on how you typically file your taxes every year:
This article explains the easiest way to build out your required Kraken tax forms. Many traders use Kraken because it operates and complies within the strict regulatory environment present in the United States.
Calculating cryptocurrency gains and losses to report on Form 8949 can be an excruciating task for accountants. CryptoTrader.Tax is a platform built to automate the entire crypto tax reporting process and make your life as an accountant a whole lot less painful.
This guide discusses how cryptocurrencies are taxed in Australia and provides tips on making compliance easy for citizens. Australia’s cryptocurrency tax policy is receiving more focus after the ATO announced its plans to create a special task force focused on tackling cryptocurrency tax evasion.
When it comes to doing your Gemini taxes and building out your required Gemini tax forms, many challenges arise. This article dives into the issue and explains the easiest way to build out your required Gemini tax forms.
Binance recently announced that it will block all cryptocurrency exchange services to users in the US in the future. This guide describes how you should prepare for the loss of access from both a trading and a tax compliance perspective.
Many tax professionals are having to learn about the world of cryptocurrencies and how they are taxed as their clients have increasingly started to invest, trade, and transact in the digital asset.
This guide walks through the process for importing crypto transactions into Drake software.Drake accounting software is a widely used platform for tax professionals preparing tax returns on behalf of their clients. With the growth in popularity of bitcoin and other cryptocurrencies, many tax professionals find themselves wondering how to import their clients crypto transactions into the platform.
Application program interfaces (API’s) provide a way for one system to interact with another. In the case of cryptocurrency, API’s are often used as a way to interact with cryptocurrency exchanges. Many complementary businesses and tools have been built allowing users to connect to these exchange API’s like portfolio trackers, crypto trading bots, tax software tools, and many more.
This guide walks through how to create your first tax report within CryptoTrader.Tax. To create an accurate tax report, CryptoTrader.Tax needs your historical buys, sells, and other transaction data from every crypto exchange you have used. Without all of your transaction data from all years of transacting with cryptocurrency, the application will not have the necessary information needed to create reports.
Depending on how many cryptocurrency trades you made during the year, CryptoTrader.Tax may automatically consolidate your 8949 form into a single line. This is in accordance with section 2 of the IRS 8949 instructions, and will happen for those that have many trades (see example of consolidated 8949 below).
You can easily file your bitcoin and crypto taxes with popular tax filing software TaxAct by importing your crypto tax reports from CryptoTrader.Tax. This guide walks through the step by step process, so that you can quickly file your cryptocurrency transactions.
This article walks through the process of filing your cryptocurrency taxes through the online version of TurboTax
This guide breaks down everything you need to know about cryptocurrency taxes so that you aren’t caught unprepared when tax season roles around.