How to import your data into TurboTax

Bitcoin.Tax can export your capital gains records into multiple formats, including a "TXF" file for importing into TurboTax®. The online/web version of TurboTax does not support file importing. You must use their downloadable or CD version. We are going to go through the steps to import your…

Did you receive a 1099-K from Coinbase, GDAX or Gemini?

It is pretty normal for online services that accept payments for trades or business, such as PayPal or Stripe, to send out a 1099-K. This details the gross income received through their payments system on behalf of the business. This would be included as part of the gross income in…

Bitcoin.Tax Partners with full tax preparation service CryptoTaxPrep.com

Bitcoin.Tax has helped tens of thousands of individuals calculate their crypto-currency income, capital gains and estimated tax liabilities. Many are comfortable with importing their data, calculating results, and creating their tax reports. However, as many are also looking for help and guidance, tax advice, and information on how best…

January 2018 Update

Today we upgraded Bitcoin.Tax. We also migrated over to some new hardware, which unfortuately did mean the servers were offline for several hours last night, but back this morning. There have been a few additional teething issues today that have caused a couple of outages and errors. Our apologies…

Taxing Bitcoin Forks

I had an interesting conversation with Robert Green, CPA, of GreenTraderTax.com last week. We discussed the potential issues around how income will be declared for forks and if like-kind exchanges are valid. Fork Income With regard to the last Bitcoin Cash fork in August 2017, Green writes that the…