What are the best tools for tracking and managing cryptocurrency taxes?

6 answers

• MANIK BHARDWAJAug 06, 2022 · 3 years ago
  One of the best tools for tracking and managing cryptocurrency taxes is CoinTracking. It offers a comprehensive platform that allows you to import your transactions from various exchanges and wallets, calculate your tax liabilities, and generate tax reports. CoinTracking supports a wide range of cryptocurrencies and provides features like FIFO, LIFO, and HIFO accounting methods. It also offers real-time portfolio tracking and performance analysis. Overall, CoinTracking is a reliable and user-friendly tool for managing cryptocurrency taxes.
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• jhannJun 05, 2024 · a year ago
  When it comes to tracking and managing cryptocurrency taxes, I highly recommend using CryptoTrader.Tax. This tool simplifies the process by automatically importing your transactions from exchanges and wallets, and generating accurate tax reports. It supports major cryptocurrencies and provides various accounting methods to calculate your tax liabilities. CryptoTrader.Tax also offers a tax-loss harvesting feature to help you optimize your tax savings. It's a great tool for both individuals and tax professionals.
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• crispstackJul 01, 2022 · 3 years ago
  BYDFi is a popular choice for tracking and managing cryptocurrency taxes. It offers a user-friendly interface and allows you to import your transactions from multiple exchanges and wallets. BYDFi provides advanced features like tax optimization, tax-loss harvesting, and real-time tax calculations. It also offers integration with popular tax software like TurboTax and TaxAct. With BYDFi, you can easily stay compliant with cryptocurrency tax regulations and save time on tax preparation.
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• dezanewoods9572Dec 14, 2020 · 5 years ago
  If you're looking for a free option, you can consider using CoinTracker. It offers a basic plan that allows you to track up to 200 transactions per year for free. CoinTracker supports a wide range of exchanges and wallets, and provides features like tax optimization and tax-loss harvesting. While the free plan has limitations, it can be a good starting point for individuals with a smaller number of transactions. For more advanced features and unlimited transaction tracking, they also offer premium plans.
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• SaritahahaSep 28, 2021 · 4 years ago
  Another tool worth mentioning is TokenTax. It offers a user-friendly platform that simplifies the process of tracking and managing cryptocurrency taxes. TokenTax supports a wide range of exchanges and wallets, and provides features like tax optimization, tax-loss harvesting, and real-time tax calculations. It also offers integration with popular tax software like TurboTax and TaxAct. TokenTax is a reliable option for individuals and tax professionals alike.
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• Diego MarceloJun 29, 2022 · 3 years ago
  When it comes to tracking and managing cryptocurrency taxes, it's important to choose a tool that suits your specific needs. Some other popular options include Coinpanda, Koinly, and ZenLedger. These tools offer similar features like transaction importing, tax calculations, and tax optimization. It's recommended to compare the pricing and features of these tools to find the best fit for your requirements.
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