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Crypto Tax Calculator Reviews

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About Crypto Tax Calculator

Cryptotaxcalculator.io is a platform designed to simplify the process of calculating and filing taxes on cryptocurrency transactions. It supports over 800 protocols and 87 chains, allowing users to import transactions from a multitude of networks. The platform provides automated suggestions to help users categorize their transactions and formats tax reports according to the specific requirements of different countries.

The platform fully supports IRS reporting requirements, including US-specific rules around personal-use, mining, staking, and airdrops. It also features an exclusive algorithm that optimizes crypto taxes by using the asset lot with the highest cost basis whenever a disposal event is triggered.

Users can easily see what’s going on across all their wallets and exchanges so they can make the best decisions at all times. The platform is fully automated from start to finish, making it easy to import all transactions and generate audit-proof tax reports with ease.

It also offers a portfolio tracker that allows users to track their entire portfolio, PnL, and tax liability all in the same place. The platform is also designed to meet the needs of tax professionals.

In addition, the platform provides helpful guides to understand the numbers and breeze through tax season. These guides cover topics like US crypto taxes, DeFi taxes, and NFT taxes.

Cryptotaxcalculator.io is backed by Coinbase Ventures and offers best-in-class support for the Coinbase ecosystem. It also partners with MetaMask, the leading self-custodial wallet, to make crypto taxes a breeze. The platform's team genuinely cares about helping users do their crypto tax and provides real help from real people whenever users need it.

The platform is free to use immediately upon signup, allowing users to import their transactions and take advantage of the smart suggestion and auto-categorization engine, portfolio tracking, DeFi and NFT support. For access to reports, the tax loss harvest tool or chat and priority support, users will need to upgrade to the appropriate paid plan.

Please note that the transaction count limit is for all financial years. When making calculations, the platform considers all transactions made in previous financial years. If you need more information, don't hesitate to ask.

Crypto Tax Calculator Pros & Cons

Pros of cryptotaxcalculator.io:

  • Comprehensive Support: Supports over 800 protocols and 87 chains, covering a wide range of DeFi, NFTs, and centralized platforms.
  • Automated Suggestions: Provides automated suggestions to help users categorize their transactions.
  • Country-Specific Tax Reports: Formats tax reports according to specific country requirements.
  • 24/7 Support: Offers round-the-clock support for any issues or queries.
  • Full Support for IRS Tax Guidelines: Fully supports IRS reporting requirements, including rules around personal-use, mining, staking, and airdrops.
  • Least Tax First Out Algorithm: Optimizes crypto taxes by using the asset lot with the highest cost basis whenever a disposal event is triggered.
  • Full Tax Calculation Transparency: Allows users to easily see what’s going on across all their wallets and exchanges.
  • Automated Workflow: The platform is fully automated from start to finish, making it easy to import all transactions and generate audit-proof tax reports.
  • Portfolio Tracking: Users can track their entire portfolio, PnL, and tax liability all in the same place.
  • Support for Tax Professionals: Designed to meet the needs of tax professionals.
  • User-Friendly Interface: Designed for simplicity, suitable for both beginners and experts.
  • AI-Powered Assistance: Utilizes AI for smart transaction categorization and spam detection.
  • Customizable Reports: Offers personalized and comprehensive tax reports.
  • Global Compliance: Adheres to tax regulations in multiple countries.
  • Expert Support: Access to professional tax advice and customer support.

Cons of cryptotaxcalculator.io:

  • Potential Confusion for New Users: Can be confusing for new crypto users, especially when understanding what needs to be taxed on.
  • Data Import Issues: Some users have reported issues with data import from exchanges and wallets, particularly with reports from certain exchanges.

For more detailed information, refer to the provided sources.

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Crypto Tax Calculator Customer Reviews (10)

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Crypto Tax Calculator Customer’s Q&A

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Crypto Tax Calculator Features and Benefits

Cryptotaxcalculator.io offers a range of features and benefits designed to simplify the process of calculating and filing taxes on cryptocurrency transactions. Here are some key features and benefits:

  • Comprehensive support for DeFi, NFTs, and centralized platforms: The platform supports over 800 protocols and 87 chains, allowing users to import transactions from a multitude of networks.
  • Automated Suggestions: The platform provides automated suggestions to help users categorize their transactions.
  • Country-specific tax report formatting: The platform formats tax reports according to the specific requirements of different countries.
  • 24/7 support: Users have access to round-the-clock support to assist with any issues or queries.
  • Built for DeFi: The platform is designed to handle the complexities of DeFi transactions.
  • Full support for IRS Tax Guidelines: The platform fully supports IRS reporting requirements, including US-specific rules around personal-use, mining, staking, and airdrops.
  • Least Tax First Out: An exclusive algorithm optimizes crypto taxes by using the asset lot with the highest cost basis whenever a disposal event is triggered.
  • Full tax calculation transparency: Users can easily see what’s going on across all their wallets and exchanges.
  • Automated workflow: The platform is fully automated from start to finish, making it easy to import all transactions and generate audit-proof tax reports.
  • Portfolio tracking: Users can track their entire portfolio, PnL, and tax liability all in the same place.
  • Support for tax professionals: The platform is also designed to meet the needs of tax professionals.

These features make cryptotaxcalculator.io a comprehensive and user-friendly tool for managing crypto taxes. If you need more information, don't hesitate to ask.

Crypto Tax Calculator Pricing

The pricing for cryptotaxcalculator.io is based on an annual subscription model. Here are the details:

  • Rookie Plan: $49 per year, includes 100 transactions.
  • Hobbyist Plan: $99 per year, includes 1,000 transactions.
  • Investor Plan: $249 per year, includes 10,000 transactions.
  • Trader Plan: $499 per year, includes 100,000 transactions.

All plans include unlimited integrations, portfolio tracking, TurboTax integration, automated on-chain transactions, smart contract transactions, tax minimisation algorithm, multiple inventory methods, advanced tax reports, tax loss harvesting, audit report, and 24/7 support.

The platform also offers a 30-day money-back guarantee. Users can upgrade at any time and just pay the difference on the pricing. If users decide to cancel, they can do this at any time in the billing section of the app.

The platform is free to use immediately upon signup, allowing users to import their transactions and take advantage of the smart suggestion and auto-categorization engine, portfolio tracking, DeFi and NFT support. For access to reports, the tax loss harvest tool or chat and priority support, users will need to upgrade to the appropriate paid plan.

Please note that the transaction count limit is for all financial years. When making calculations, the platform considers all transactions made in previous financial years.

Payment Method

To manage payments and subscriptions on cryptotaxcalculator.io, follow these steps:

  1. Click on the little human icon at the top-right corner.
  2. Click 'Manage Subscription' to open up a new tab that takes you to your Stripe portal.
  3. On the Manage Payments (Stripe Portal) page, you can manage your subscription, check your cost details, manage your payment method, manage your billing information, and check and download your invoice and receipt.
  4. To manage your subscription, you can check your current plan and cancel your subscription anytime. If you cancel the plan, you will still have full access to your reports until your subscription period ends.
  5. To manage your payment method, you can update your card details. If you still have an active plan, you need to add a new card before deleting the old one.
  6. To manage your billing information, you can update your billing email. All the invoices and payment notifications will be sent to this email.
  7. To check and download your invoice and receipt, you can click the arrow next to the billing date, which will take you to a new tab that allows you to download your invoice and receipt.

Remember, cryptotaxcalculator.io is a yearly subscription platform. You pay upfront for the entire year, and your subscription auto-renews every year. If the plan is canceled and not resumed by the end of your subscription, your data will be permanently deleted from the system.

Crypto Tax Calculator FAQs

FAQ

Crypto Tax Calculator Alternatives

Here are some alternatives to cryptotaxcalculator.io:

  1. Koinly.io: This platform supports over 300 exchanges and allows users to view their taxes for free.
  2. Tokentax.co: This is not only a crypto tax software but also a full-service crypto tax accounting firm. It helps track gains, calculate taxes, and generate tax forms.
  3. Blockpit.io: This platform helps in the calculation of Bitcoin taxes, realization of profits, and entering cryptocurrencies in the tax return.
  4. Fullstack.com.au: Fullstack delivers award-winning accounting to startups and innovative businesses.
  5. Etherscan.io: Etherscan allows users to explore and search the Ethereum blockchain for transactions, addresses, tokens, prices, and other activities taking place on Ethereum (ETH).
  6. Gate.io: This is a trading platform for Bitcoin and Litecoin. It also provides users with a mobile app for trading and investment.
  7. Zengo Wallet: This is a keyless crypto wallet with top-level security. It supports Bitcoin, Ethereum, Binance Coin, and more.
  8. Binance: This is one of the world's leading cryptocurrency exchanges that provides a platform for trading various cryptocurrencies.
  9. CoinTracker.io: This is a portfolio and tax manager for cryptocurrency. It supports over 2,500 cryptocurrencies.
  10. CryptoTrader.Tax: This is a crypto tax software that automates the tax reporting process. It supports all major exchanges.

Remember, each platform has its own features and benefits. It's important to choose the one that best fits your needs.

FAQ

How To Open A Crypto Tax Calculator Account?

To open an account on cryptotaxcalculator.io, follow these steps:

  1. Visit the website and click on Get Started.
  2. Fill in the required details to create an account.
  3. Once the account is created, the first step is to import your crypto data.
  4. Under the 'Integrations' tab, select the exchange used or the crypto wallet.
  5. The exchanges will either have a CSV import option or an API.
  6. For a CSV import, login to the exchange account, download a transaction or trade history, and upload this to cryptotaxcalculator.io.
  7. For an API import, generate a read-only API key and provide the details to cryptotaxcalculator.io.
  8. For crypto wallets, just need the public address of the wallet.
  9. After importing data, review the transactions.
  10. Finally, get the tax report.

Remember, it's important to upload all your wallets and exchange accounts across all the years you have traded. This ensures the most accurate version of your tax obligation.

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