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…
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…
On 1st August 2017, a new Bitcoin fork was created called Bitcoin Cash. Starting from block 478558, the Bitcoin blockchain split to be the Bitcoin (BTC) and the Bitcoin Cash (BCH) forks. Anyone who held BTC before the fork are able to receive the equivalent amounts of BCH. BCH can…
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…
The latest update of BitcoinTaxes now has address support for DASH. DASH (previously DRK) could always be used when adding trades, income and spending. Adding or importing mining transactions used DASH/USD and DASH/BTC price lookups for calculating fiat amounts. With this update DASH has been added into the…