In December 2018, Her Majesty's Revenue & Customs (HMRC) in the UK issued an update to their policy on how to treat cryptoassets (cryptocurrencies) for individuals. The latest release of BitcoinTaxes now supports this policy and is available to our UK users. Capital Gains Tax (CGT) HMRC does not consider…
2018 has been an interesting year for crypto-currency markets. Starting with record highs in January, we have seen a steady decline throughout the year to a point where prices are back to the levels of 13 months ago (~$4,800 on 10th Oct 2017) While 2017 saw records gains in…
We are pleased to announce the new feature that allows users to give access to their accountants or other third-parties. Accountants that use our business plans are already able to request the view of their clients's data. The client can then accept or deny the request and the accountant is…
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…
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…