Cryptocurrency tax calculators work by retrieving data from your exchanges, wallets, and other cryptocurrency platforms. They compute the profits, losses, and income from your investing activity based off this data. Gains and losses are calculated in your home fiat currency (like the US Dollar) to help you file your taxes with ease. Crypto tax calculators are used by crypto enthusiasts all over the world to help automate their crypto and bitcoin tax reporting.
Start by importing your crypto trading history from all years and from all exchanges into the app. CryptoTrader.Tax will automatically establish cost basis and fair market value for these transactions using historical data.
Get Started for FreeAdd any historical crypto income such as mining, gifts, or even exchange rewards like airdrops. If none of these apply to you, this step can be skipped.
View a Full ReportOnce all of your transaction history has been imported, review your data and auto-generate your profits and losses from your crypto investing activity.
Get Started for FreeMost governments around the world, the IRS included, treat cryptocurrencies like bitcoin as an asset or an investment. This means that the income realized from trading or investing in crypto is subject to capital gains and losses rules similar to other assets like stocks, bonds, and real-estate. These gains and losses need to be reported on your tax return.
Learn More About Crypto TaxesUsed CryptoTrader.Tax after unsuccessfully trying a competitor's site. CryptoTrader.Tax software imported transactions easier and the reconciliation resulted in just a few warnings to be resolved. The team the quickly help me navigate through resolving those warnings! TOP NOTCH!!!
Used this service this tax season and loved it! Everything went smoothly and was easy to understand, only took a few minutes to sign up and had everything in a nice format. Definitely using this again next year. I have told Friends and Co-workers about this service and highly recommend it to everyone!
Just wanted to leave a quick review. I have used Cryptotrader for the last three years now. In my opinion, one of the best in what they do. I have tried other sites/services but they just didn't work out for me. I feel like this site is very user friendly and the support via chat is great as well. Would recommend to others.
Love CryptoTrader.Tax. Fabulous platform for quickly calculating the tax impact of your crypto trading. Thank you so much for this service. Have used it for clients and my own trading. Great reports and even completes the forms for you. Works like a charm.
CryptoTrader.Tax made a difficult and confusing task very simple and manageable. I had a question during the process in which I reached out to customer service - they were very friendly and helped me resolve my issue within minutes. I was able to generate my tax documents in no time at all! Very happy with my experience and will use again next year.
Incredibly helpful. The user interface is good, the explanations and directions are good, and their customer service is exceptional. It really is. Their live chat is better than anything I've encountered before. They helped me find some errors I had made, find missing info, etc. They held my hand through it.