Any cryptocurrency investor must file tax paperwork. Filing can be complex when purchasing and selling multiple cryptocurrencies; some software providers offer services to assist with calculating gains and losses as well as automated filing of forms like the 8949 forms and other paperwork.
Accointing is one such provider, featuring features like the importation of transaction data from various exchanges and wallets as well as offering a free plan that includes access to a tax pro.
ZenLedger
ZenLedger is an excellent option for anyone looking to simplify their crypto tax filing. It supports multiple wallets and exchanges, automatically calculating gains and losses on your behalf. Furthermore, its tax-loss harvesting feature helps sell coins that have lost value to offset gains; plus it’s partnered with Turbotax, offering discounts exclusively for its users!
ZenLedger offers more than its intuitive user interface; it also boasts exceptional customer support. Premium plans feature one-on-one assistance from an expert crypto tax professional while free plans let you import 25 transactions annually with full documentation including a K-1.
ZenLedger stands out from other cryptocurrency portfolio management applications by being able to import data from most major cryptocurrency exchanges, giving you the ability to share your transaction history with your CPA for audit defense purposes or simply filing confidently knowing your records are accurate.
Coinpanda
Coinpanda is a crypto tax software solution that makes tracking and calculating capital gains easier, with features like portfolio tracking, transaction import, error reconciliation and user privacy protection using high-end encryption technology to safeguard sensitive user data and secure payment processing systems for transactions.
This cryptocurrency tax software has quickly become the go-to choice among cryptocurrency traders thanks to its user-friendly interface and robust features. Users can keep tabs on their investments with this tax software’s intuitive interface and robust features, and generate detailed reports. Furthermore, users can reduce tax obligations by optimizing cost basis calculations or tracking margin trading automatically and capital gains calculations automatically calculating. Furthermore, API or CSV files make importing past transactions easy; further minimizing human error risks as users access final tax reports before exporting for filing purposes.
Koinly
Koinly is an online crypto tax software that assists users in tracking and importing all their crypto activities, producing regulatory-compliant tax reports and offering error reconciliation features that uncover missing transaction data and duplicates. Users can select their home country and currency before selecting events like trading, mining, staking, airdrops and lending as taxable events – such as trading, mining staking airdrops lending as taxable events – along with how to define them such as trading mining mining staking staking airdrops lending as well as lending. Free accounts offer up to 10,000 transactions while paid tiers add extra functionality such as upload CSV files and tracking DeFi transactions – providing full transparency into financial accounts for users!
This platform is an indispensable ally in managing crypto taxation, making it simple and straightforward to find, organize, and evaluate all your gains and losses. It connects to over 350 exchanges and wallets; supports DeFi platforms; margin trades; as well as advanced crypto activities such as margin trading; offers free trials with money back guarantees.
