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Which free tax calculation software is recommended for cryptocurrency traders?

avatarilksenNov 23, 2021 · 3 years ago3 answers

As a cryptocurrency trader, I'm looking for a free tax calculation software that is recommended for my specific needs. Can anyone suggest a reliable and user-friendly software that can help me accurately calculate my taxes on cryptocurrency trades? I want something that is specifically designed for cryptocurrency traders and can handle the complexities of calculating taxes on crypto transactions. Any recommendations?

Which free tax calculation software is recommended for cryptocurrency traders?

3 answers

  • avatarNov 23, 2021 · 3 years ago
    One highly recommended free tax calculation software for cryptocurrency traders is CoinTracker. It is a user-friendly platform that supports a wide range of cryptocurrencies and exchanges. CoinTracker automatically syncs your transactions and generates accurate tax reports, making it easy to file your crypto taxes. It also provides features like portfolio tracking and performance analysis to help you manage your crypto investments effectively. Give it a try! 😁
  • avatarNov 23, 2021 · 3 years ago
    I would recommend using TurboTax. Although it is not specifically designed for cryptocurrency traders, it is a popular and reliable tax software that can handle various types of income, including cryptocurrency gains. TurboTax provides step-by-step guidance and ensures accurate calculations. It also offers expert support if you have any questions or need assistance with your tax filing. Give it a shot! 👍
  • avatarNov 23, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, offers a free tax calculation software called TaxBit. It is specifically designed for cryptocurrency traders and provides a comprehensive solution for calculating taxes on crypto transactions. TaxBit supports a wide range of cryptocurrencies and exchanges, making it suitable for traders with diverse portfolios. It automates the tax calculation process and generates accurate reports, simplifying the tax filing process for cryptocurrency traders. Give it a try and see how it works for you! 👌