Calculate Crypto-Currency Taxes

Cryptocurrency Taxation Podcasts

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Listen in on our cryptocurrency taxation podcast series talking with accountants, tax attorneys and companies about issues around Bitcoin and crypto taxation. There is some great information on filing your taxes and how the new tax laws might affect you.

If you have any suggestions, or would like to be be included in our podcast series, please contact us at .

Analyzing the new IRS Crypto Tax Guidelines with Tyson Cross

Analyzing the new IRS Crypto Tax Guidelines with Tyson Cross

10/18/2019
The IRS has recently released new tax guidance for cryptocurrency trading - the first official guidance released in over 5 years, since March 2014. Tyson Cross, a tax attorney who specializes in cryptocurrency taxation, joins the show to analyze this new guidance. Tyson's expertise provides clarity to some of the ambiguous components of the new guidance. The guidance provides new information about forks, airdrops, calculation methods, and establishing a coin's fair market value - Tyson provides his expert analysis, as well as his opinion, on each of these topics.

Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash, and all crypto-currencies

Calculating capital gains/losses for Bitcoin and crypto-currencies 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?

Calculate Crypto-Currency Taxes

Online Tax Preparation Services

BitcoinTaxes have integrated and teamed up with online tax preparations services to help import your crypto activity into your tax forms.

TurboTax®

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Import crypto into TurboTax

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How It Works

Simply import details of any crypto-currencies you have bought or sold from one of our supported trading exchanges, add any spending or donations you might have made from your wallets, any mined coins or income you have received, and we'll work your tax position for you.

You can compare using different cost-basis methodologies, including FIFO, LIFO, and average costing, as well as comparing like-kind treatment.

We'll show your Capital Gains Report detailing every transaction's cost basis, sale proceeds and gain.

An Income Report with all the calculated mined values.

A Donation Report with cost basis information for gifts and tips.

And your Closing Report with your net profit and loss and cost basis going forward.

Your Capital Gains are also ready to import directly into tax software, such as TurboTax® and TaxACT®, attach as a statement to your tax return or even print as a PDF.

Calculate your Taxes

If you are looking for a Tax Professional

You can visit our new Directory of Bitcoin Tax Professionals to help find crypto-currency knowledgeable tax accountants and attorneys for tax advice, tax planning or other tax services .

View the Tax Professionals Directory

Features

  • Imports trade histories from these, and more, exchanges:
    Coinbase, Gemini, Circle, Poloniex, Bitstamp, Kraken, Bitfinex, CSV
  • Import spending from Coinbase, Wallets and CSV
  • Import income from Coinbase, BitPay, CEX.IO, or CSV
  • Import mining income directly from addresses or CSV
  • Review and monitor individual addresses *
  • Calculate capital gains
  • FIFO, LIFO, average costing or specific identification
  • Optional like-kind treatment
  • Download IRS Form 8949 PDF or 8949 attachable statement
  • Import into tax preparation services such as TurboTax and TaxACT
  • Multi-year support
  • Global fiat currencies
  • Bitcoin, Ripple, Ethereum, and other crypto-currencies
  • Reports balances and remaining cost basis
  • Calculate tax years for US, Canada, Australia, Germany, United Kingdom or starting on 1st Jan.
  • Tax Professional / Accountant packages

* Only supported blockchains

BitcoinTaxes for Tax Professionals and Accountants

If you are a tax professional, CPA, or accountant firm, you can use BitcoinTaxes to import and calculate your client capital gains as well as income from mining or crypto-currency payment processors.

Our Tax Professional and Tax Firm packages allow your users to enter transactions on behalf of your clients, perform the calculations and then download the appropriate tax information.

You'll get all our available features, for an unlimited number of transactions, usable for an unlimited number of clients over each full tax year since Bitcoin started.

See the Tax Professionals and Accountants page for more information and to try it out.

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