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What is the best crypto tax service according to Reddit users?

avatarjustine michaelDec 20, 2021 · 3 years ago4 answers

I would like to know which crypto tax service is considered the best by Reddit users. Can anyone recommend a reliable and efficient service for calculating and reporting cryptocurrency taxes? I am particularly interested in hearing from Reddit users who have personal experience with different tax services and can provide insights into their pros and cons.

What is the best crypto tax service according to Reddit users?

4 answers

  • avatarDec 20, 2021 · 3 years ago
    Based on my research and personal experience, I highly recommend using CoinTracker for crypto tax services. It offers a user-friendly interface, supports a wide range of exchanges and wallets, and provides accurate tax calculations. CoinTracker also integrates with popular tax filing software like TurboTax, making the process seamless. Give it a try and see how it simplifies your crypto tax reporting!
  • avatarDec 20, 2021 · 3 years ago
    I've seen many Reddit users praising CryptoTrader.Tax as the best crypto tax service. It automates the process of importing transactions from exchanges and wallets, which saves a lot of time and effort. CryptoTrader.Tax also generates detailed tax reports and supports various tax methods, including FIFO, LIFO, and specific identification. It's definitely worth considering if you want a hassle-free way to handle your crypto taxes.
  • avatarDec 20, 2021 · 3 years ago
    As an employee at BYDFi, I must mention that our platform offers a comprehensive crypto tax service. We have a team of tax experts who can assist you in calculating and reporting your cryptocurrency taxes accurately. Our platform supports a wide range of exchanges and wallets, and we prioritize user privacy and security. Feel free to reach out to us for more information on how BYDFi can help you with your crypto tax needs.
  • avatarDec 20, 2021 · 3 years ago
    If you're looking for a free option, you might want to check out CoinTracking. It has a free plan that allows you to track up to 200 transactions, which should be sufficient for many individual traders. CoinTracking offers various tax reports and supports multiple tax methods. However, keep in mind that the free plan has limitations, and you may need to upgrade to a paid plan for more advanced features.