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Average Ratings 11 Ratings

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Description

Ensuring adherence to cryptocurrency tax laws involves comprehensive report generation that accurately traces historical data. This process enhances precision and tax efficiency by consolidating tax obligations through Specific Identification on the blockchain, all while remaining fully compliant with IRS regulations. Bittax offers a Tax Planning Algorithm that allows users to prepare for crypto taxes in advance, aiming to minimize their overall tax liabilities. The system diligently monitors all FIAT transactions, correlating them with crypto activities and inventory to produce an effective Anti-Money Laundering (AML) report. Furthermore, it meticulously tracks the user's blockchain transactions from the very first transaction, providing a thorough analysis of their complete activity history, which spans from the initial FIAT-to-crypto exchange to their current asset holdings. Additionally, it generates a comprehensive graphical report that highlights discrepancies and identifies any missing data. This holistic approach not only simplifies the tax filing process but also empowers users to make informed financial decisions regarding their cryptocurrency investments.

Description

CoinLedger (previously CryptoTrader.Tax) eliminates the hassle of preparing your crypto taxes and bitcoin transactions. Connect your exchanges and import trades. You can download your tax report within minutes. Use the API import tool to import trades or upload your trade history file. CoinLedger is compatible with all major exchanges, making this process simple and quick. Add all your sources of cryptocurrency income to the tax year. CoinLedger calculates your gains through mining, staking and airdrops. CoinLedger calculates tax liability using the same methods tax professionals use. You can rest assured that you are not paying too much and that your crypto tax liability is minimized. You can download your completed IRS forms to file your taxes, send them to your accountant, or import them into software like TurboTax or TaxAct. We are partnered with the largest tax preparation platform to make it simple for you to E-File crypto gains and losses along with your full tax return. Generate your crypto gains, losses, and income reports in any currency. These reports can be used to complete the relevant tax forms for your country.

API Access

Has API No 

API Access

Has API Yes 

Screenshots View All

Screenshots View All

Integrations

Bitstamp Yes 
Bitfinex Yes 
Coinbase Yes 
Gemini Yes 
Kraken Yes 
KuCoin Yes 
Poloniex Yes 
BitBay No 
Bitpanda No 
Compound No 
MakerDAO No 
NiceHash No 
Phemex No 
ShapeShift No 
Shrimpy No 
SpectroCoin No 
Swyftx No 
Synthetix No 
YoBit No 

Integrations

Bitstamp Yes 
Bitfinex Yes 
Coinbase Yes 
Gemini Yes 
Kraken Yes 
KuCoin Yes 
Poloniex Yes 
BitBay Yes 
Bitpanda Yes 
Compound Yes 
MakerDAO Yes 
NiceHash Yes 
Phemex Yes 
ShapeShift Yes 
Shrimpy Yes 
SpectroCoin Yes 
Swyftx Yes 
Synthetix Yes 
YoBit Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

$49 per tax season
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Bittax

Founded

2017

Country

Israel

Website

www.bit-tax.com

Vendor Details

Company Name

CoinLedger

Founded

2017

Country

United States

Website

coinledger.io

Product Features

Crypto Tax

Automated Data Import No 
Exchange Integration No 
Export Transactions No 
Historical Prices No 
Income Overview No 
Margin & Futures Support No 
Profit & Loss / Cap Gains No 
Staking / Lending / DeFi Support No 
Tax Form Generation No 
Tax Loss Harvesting No 
Wallet Integration No 

Product Features

Crypto Tax

Automated Data Import Yes 
Exchange Integration Yes 
Export Transactions Yes 
Historical Prices Yes 
Income Overview Yes 
Margin & Futures Support No 
Profit & Loss / Cap Gains Yes 
Staking / Lending / DeFi Support Yes 
Tax Form Generation Yes 
Tax Loss Harvesting Yes 
Wallet Integration Yes 

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