What are the best tools for tracking cryptocurrency tax liability?

3 answers

• applzDec 18, 2024 · a year ago
  Sure! One of the best tools for tracking cryptocurrency tax liability is CoinTracker. It offers a user-friendly interface and integrates with popular exchanges and wallets to automatically import your transaction data. CoinTracker also provides detailed tax reports and calculates your capital gains or losses. It's a great option for both beginners and experienced crypto traders.
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• Hooper CrabtreeAug 18, 2023 · 2 years ago
  If you're looking for a free option, you can consider using CryptoTrader.Tax. It allows you to import your transaction history from various exchanges and generates tax reports based on your data. While the free version has some limitations, it can still be a useful tool for individuals with a relatively simple crypto portfolio.
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• Rosamund NormanOct 20, 2024 · a year ago
  At BYDFi, we recommend using CoinTracking. It's a comprehensive tool that supports over 8,000 cryptocurrencies and provides features like automatic API imports, tax reports, and even a tax loss harvesting tool. CoinTracking is trusted by many crypto enthusiasts and tax professionals for its accuracy and reliability.
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