Traders, miners and DeFi investors need to keep an accurate record of their cryptocurrency taxation. These services offer reliable cryptocurrency tax software which integrates seamlessly with exchanges and wallets as well as providing IRS Form 8949 forms automatically.
Koinly is an all-in-one cryptocurrency tax software solution that automatically imports your transaction history and calculates cost bases for cost basis calculations.
CoinTracker
CoinTracker is a cryptocurrency tax software solution that aggregates balances and transactions from different exchanges and wallets to give users an accurate picture of their portfolio. The tax reporting features are especially useful for cryptocurrency investors who must comply with IRS regulations; its platform syncs transactions, calculates cost basis and capital gains gains while also offering insights into crypto investments.
This app is intuitive and user-friendly, featuring a simple main screen which displays your total cryptocurrency balances, transaction history and tax details. Furthermore, it supports numerous exchanges, wallets, coins and crypto assets; making it one of the most widely-used trade tracking and tax reporting platforms among cryptocurrency investors, with comprehensive support for most major coins as well as DeFi protocols.
H&R Block and TurboTax online platforms also make filing taxes easy and accurate, thanks to this program’s ability to import cryptocurrency transaction data directly. Price history and transaction data allow it to identify each taxable event and complete IRS Form 8949/1040 Schedule D forms automatically.
CoinLedger
CoinLedger is an industry-leading cryptocurrency tax software, making the process of tracking cryptocurrency transactions and calculating taxes easier than ever before. Import transactions, classify them automatically and generate tax reports; compatible with various tax filing software and supporting multiple wallets; user-friendly platform with full refund policy and unlimited retries – this solution has it all!
The software allows traders and investors to lower their crypto taxes by calculating trading gains, creating tax reports, complying with IRS regulations and avoiding penalties. It is easy to use and integrates seamlessly with various exchanges like Coinbase and Binance; transaction data can also be imported from various wallets; it supports FIFO, LIFO and HIFO methods and generates income reports for staking, lending mining airdrops airdrops among other activities worldwide generating reports in 14 countries/regions simultaneously calculating long-term capital gains/lossess
Coinpanda
Coinpanda is a cryptocurrency tax calculator designed to allow users to manage their crypto portfolios, calculate capital gains and losses, download tax reports, and more. The user interface is intuitive while offering numerous features tailored specifically for investors.
This tool boasts direct integration with over 500 exchanges and blockchains, DeFi, NFTs and its price plans are highly affordable making it an attractive investment opportunity for investors.
Coinpanda stands out by having ineffective customer service that often relies on links to a help page rather than providing solutions for users, and rejects money back for customers not satisfied with its product. On the contrary, Koinly provides more extensive support with over 200 YouTube videos and an extended list of platforms it connects to.
