If you have traded, spent or moved your cryptocurrencies, you may need to include these in your tax forms, even if you didn't make any money. Bitcoin.Tax is the most established crypto tax calculation service that can work out your capital gains and losses and produce the data and forms you need to file your taxes.
Simply upload or add the transaction from the exchanges and wallets you have used, along with any crypto you might already own, and we'll calculate your capital gains.
Get started for free or upgrade to one of our paid plans that can process up to several million transactions.
Starting January 1, 2025, US taxypayers will need to track cryptocurrency gains and losses separately for each wallet or exchange. This is a big change and the IRS has "safe harbor" rules to help you transition your existing holdings.
In the Revenue Procedure 2024-28, the IRS explains the rules to properly allocate existing crypto holdings across your wallets, so your recorded balances match the actual wallet balances.
While we already track all crypto lots per account, we have created a new Safe Harbor tool that will let you move your lot and cost basis between accounts. The new tool is generally available to all US users and will help you move full or partial lots using either the specific unit allocation or global allocation methods.
Once your 2024 crypto calculations are complete, use the Safe Harbor tool in our Reports to create a snapshot of your year end positions and begin moving assets between accounts to adjust any incorrect balances, as well as to assign certain lots to specific wallets. For example, if you wanted to store your long-term gains in a hardware wallet and leave your short-term in an exchange.
Bitcoin.Tax provides a full tax preparation service in partnership with tax attorneys, CPAs and enrolled agents in both the US and Canada. Users of the bitcoin.tax platform can get tax preparation, advice and planning with a crypto tax professional to complete and file their tax returns.
An experienced crypto tax professional can:
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.
A Margin Report showing gross profits from margin trading (Kraken only).
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.
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 .
* Only supported blockchains
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.
Took about 10min. Problem solved.
GameChng
You made a worrisome tax season into a manageable affair.
Xavier
The premium service saved me lots by using alternative tax accounting methods.
Pation
Thanks for your hard work and excellent product!!
Charles
I'm totally impressed by your system.
James
Thanks again, your support is pretty impressive!
Todd
