Cointracking logo Cointracking crypto tax services

Cointracking

Features: Automatic import via APIs. CPAs on call. Export in Excel, PDF, CSV, XML & JSON. Interactive charts.

CoinTracking is one of the leaders in tracking and tax reporting for cryptocurrency with prices for over 7000 coins and over 750 CPAs ready to help with any questions you may have. They provide an easy to understand page with all your profits, losses, realized, and unrealized gains. CoinTracking is trusted by both traders and crypto companies to make sure their taxes are in order; simply connect and import data from all of the exchanges you have used throughout the year and they do the rest, and if your circumstances are unique they will provide professional accounting help.

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TokenTax

Features: Connect to any crypto exchange, proprietary tax loss harvesting tool, full service filing.

TokenTax is a full-service cryptocurrency tax accounting firm, they are able to connect to every crypto exchange and seamlessly track all of your capital gains and losses, even saving you money with their Tax Loss Harvesting tool. Once all of your data has been collected you can easily generate form 8949 or import the data directly into TurboTax, or if you do not want to file yourself, the team will complete the entire process for you!

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CryptoTrader.Tax

Features: Connect to exchanges via API and automatically import data. International support.

CrytpoTrader.tax has partenered with the largest tax platforms, TurboTax and TaxAct, in order to make it super easy to import and file your crypto taxes. Simply connect your exchanges, import trades, and download your tax report in minutes. They have the ability to use many different calculation methods like FIFO, LIFO, HIFO etc, and even adapt to any fiat currency if you are filing internationally.

+ What are crypto tax services?

Crypto tax services are companies that assist you in reconciling all of your tax obligations from selling and trading cryptocurrencies, usually by connecting directly to the exchanges you have used in the past and extracting the data, or by letting you input the information directly. Most crypto tax services will also be able to arrange a virtual meeting with a CPA that specializes in crypto tax laws so they can answer any questions you may have.

+ Key points when choosing a crypto tax service

  • Which country you are filing taxes in
  • Do you need a complete filing service or just the software?
  • Which exchanges you have used for trading in so you can connect directly

+ Do I need to pay taxes for crypto payments?

Every country has different laws pertaining to crypto taxation so you should familiarize yourself before filing taxes, but usually the answer is yes. In the United States receiving bitcoin and other cryptocurrencies as payment for goods and services is treated as income valued at the exchange rate at the time you received it. Further details can of course be found at any of the websites listed on this page.