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The Best Crypto Tax Software

October 7, 2023 by Buzzle Staff

traders and investors must keep careful records and file taxes without hassle using crypto tax software to keep records secure, with 256-bit encryption for data privacy.

Automatically sync across crypto exchanges and wallets and calculate capital gains and losses with this top crypto tax software, providing a detailed report for use by professional tax preparers or filing yourself.

CoinTracker

Cryptocurrency taxes can be complicated, but a crypto tracker like CoinTracker makes the process simpler. This service keeps a history of all incoming and outgoing transactions including their cost basis; allows users to create personalized tax reports (IRS Form 8949 and Schedule D); offers features designed to assist investors manage their cryptocurrency portfolios; including real-time tax loss harvesting.

The CoinTracker app helps to synchronize all of your exchanges and wallets to identify and categorize taxable events, supporting all major crypto and NFT exchanges as well as DeFi apps automatically upload transactions into your account and provides detailed reports on taxable events such as payments, mining rewards, airdrops, blockchain forks etc.

This platform also enables users to connect with their tax professionals securely via read-only access, making it easier for tax experts to review transactions and file returns more quickly – saving both you and them time by automating crypto tax filing processes.

TokenTax

TokenTax won the Global Product Hunt Hackathon in 2017 thanks to its founders’ extensive experience with international tax filing and finance. Furthermore, their undergraduate and graduate degrees come from top universities including University of Pennsylvania’s Wharton School as Palmer Scholars.

TokenTax is an intuitive crypto tax calculator. Compatible with virtually all centralized exchanges and wallets, importing transactions saves users both time and effort in manually extracting transaction data for entry. Furthermore, TokenTax’s advanced features such as tax loss harvesting allow them to offset capital gains with losses.

Although TokenTax doesn’t support two-factor authentication, it offers robust security measures for its users. Its website is protected with SSL encryption while user data is stored securely on a server to protect against potential attacks.

Ledgible

Ledgible is a cryptocurrency tax software designed to bridge the gap between cryptoassets and professional accounting systems. The software offers various reports which can be combined with professional tax software, such as gain/loss reporting and OFX reports, making it simple for investors to track cryptocurrency activity and manage bookkeeping.

This company provides transparent upfront pricing structures for their software for both business and professional use as well as consumer use. Monthly enterprise accounting fees are determined based on estimated consumption while transaction expenses are cumulatively paid over time; users pay only what they need.

Ledgible offers comprehensive cryptocurrency tax tracking and reporting. With its automated, secure tracking technology and quick connection times with wallets and exchanges, Ledgible ensures all transactions match accurately at tax filing time, providing data for tax filing at once. Furthermore, its unique on-chain techniques enable it to trace asset holdings as they move between exchanges and wallets – something other tools cannot.

Filed Under: Crypto Buzz

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