Crypto tax management and reporting can be a nightmare depending on what country you live in. Here in the US, we have to report every single cryptocurrency trade. The good news is there are some tools and services that make this much easier than it would be if you were doing it on your own.
Crypto Tax Management Directory
Bitcoin.tax – One of the most popular services for calculating capital gains for Bitcoin, Ethereum and all other alt coins with the ability to import your trades directly from several exchanges.
From their site: Calculating capital gains/losses for Bitcoin and any crypto-currency isn’t always straightforward. Do you know the cost-basis of every coin you own? Are you tracking the profits and new basis when you spend or sell? Can you work out the best way to identify your trades to optimize your taxes? Let us do it for you.
CoinTracking – A portfolio management app that also has the ability to generate tax reports.
From their site: CoinTracking helps with taxes for your tax declaration of Bitcoins and other digital currencies. According to the methods FIFO, LIFO, HIFO and LOFO, CoinTracking calculates all your trades exact to the cent and prepares them automatically, so that they only have to be attached in the tax return. Our tool is designed to adapt to the laws, financial statements and forms of different countries, such as Capital Gains, Form 8949, the German tax declaration and many more.
Zenledger – Another cryptocurrency tax management services with exchange integration.
From their site: ZenLedger enables you to import cryptocurrency transactions, calculate gains and income, and auto-fill tax forms like 8949, Schedule D, FinCen114 & FBAR.
Happy Tax Service – An actual accounting firm that will take care of your cryptocurrency tax filings.
From their site: CryptoTaxPrep.com by Happy Tax was founded out of a need to help crypto traders nationwide understand their tax requirements, liability, and to offer a fully-assisted solution to file your crypto and standard taxes accurately and securely all while helping you get the maximum deductions available for both crypto and standard tax needs.
Visor – Another accounting firm that specializes in cryptocurrency tax reporting.
From their site: We built Visor because we believe everyone should have full ownership over their financial life. With the help of dynamic tax advisors and intelligent technology, we create a financial strategy that optimizes your assets and income.
Crypto Tax Girl – A CPA and cryptocurrency tax specialist who helps people who have bought, sold, mined, or traded in cryptocurrency, or to those who are looking to do so in the future.
From their site: I’m Laura and I am a CPA and cryptocurrency tax specialist. I am here to bring tax clarity to those who have bought, sold, mined, or traded in cryptocurrency, or to those who are looking to do so in the future.
BearTax – Another cryptocurrency tax calculation service with very affordable fees.
From their site: Consolidate your trades from various exchanges, review them and calculate your tax liability.
BearTax, A simple tax filing assistant built with for crypto investors & traders makes this process simple and intuitive
TokenTax – A newer cryptocurrency tax calculation services that offers the ability to chat with a tax advisor when you need help.
From their site: TokenTax is the only crypto tax platform to support every exchange. We will work with you to get your data uploaded – no matter how messy.
What are we missing? Please comment below with your favorites. If they are good, we’ll add them to the list.