Which tax software is recommended for managing crypto taxes?

4 answers

• Dec 17, 2021 · 3 years ago
  One highly recommended tax software for managing crypto taxes is CoinTracker. It is a user-friendly platform that supports various exchanges and wallets, making it easy to import your transaction data. CoinTracker can automatically calculate your capital gains, losses, and tax liabilities based on your transactions. It also generates tax forms like IRS Form 8949 and Schedule D. Give it a try!
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• Dec 17, 2021 · 3 years ago
  If you're looking for a tax software that offers advanced features and supports a wide range of cryptocurrencies, then you should consider using CryptoTrader.Tax. It allows you to import your transaction history from multiple exchanges and wallets, and it can handle complex scenarios like margin trading and staking rewards. CryptoTrader.Tax provides accurate tax calculations and generates tax reports that are compliant with tax regulations. It's definitely worth checking out!
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• Dec 17, 2021 · 3 years ago
  At BYDFi, we understand the importance of managing crypto taxes efficiently. That's why we recommend using TaxBit. TaxBit is a comprehensive tax software that specializes in crypto tax reporting. It integrates with major exchanges and wallets, making it easy to import your transaction data. TaxBit's advanced algorithms ensure accurate tax calculations, and it generates the necessary tax forms for filing. With TaxBit, you can stay compliant with tax regulations and save time on tax preparation.
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• Dec 17, 2021 · 3 years ago
  If you're a beginner and prefer a simple and straightforward tax software, then TurboTax might be a good option for you. TurboTax offers a cryptocurrency tax section that guides you through the process step by step. It supports popular exchanges and wallets, and it can handle common crypto transactions. TurboTax ensures accurate tax calculations and generates the necessary tax forms. It's a popular choice among individuals who want an easy-to-use tax software.
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