CryptoTrader.Tax Reviews

CryptoTrader.Tax, now known as CoinLedger, and CoinLedger are both cryptocurrency tax software platforms. They help users prepare their tax returns, especially for those who have transactions involving cryptocurrencies.

CoinLedger offers a free plan, but if you want to download your tax forms, you'll have to pay at least $49 per year. It can connect with various tax software like TurboTax, TaxAct, H&R Block, and TaxSlayer.

On the other hand, CryptoTrader.Tax also offers similar services. However, specific details about its offerings are not available in the search results.

Please note that the information might have changed as the crypto tax software market is rapidly evolving. For the most accurate and up-to-date information, it's best to visit their official websites or contact their customer service directly.

CryptoTrader.Tax offers four pricing editions. The Hobbyist edition costs $49 per tax year and includes up to 100 trades. The Day Trader edition is priced at $99 per tax year and allows up to 1500 trades. The High Volume edition costs $199 per tax year and includes up to 5000 trades. The Unlimited edition is priced at $299 per tax year and includes an unlimited number of trades. All reports are a one-time purchase per tax season. A free trial of CryptoTrader.Tax is also available. There is no setup fee for any of the editions.

CryptoTrader.Tax is a US-centric tool designed to simplify the process of generating tax reports for your cryptocurrency trades. It allows you to import your trades from various exchanges, manually add transactions, and generate tax reports. The tool supports different accounting methods like FIFO, LIFO, and HIFO, and can generate IRS Form 8949 that is compliant with the IRS. It also provides other types of reports like income from cryptocurrencies trading, end of year position, and audit trail report. If you are a TurboTax customer, you can directly integrate with it. The pricing is based on the number of trades taken into account in the report, starting at $49 for up to 100 trades and going up to $299 for unlimited trades.

CryptoTrader.Tax is a cryptocurrency tax software platform designed to automate the entire tax reporting process. The tax reports generated by this platform are based on your historical data and can be provided to your tax professional or imported directly into your tax filing software. The product integrates with all major exchanges and platforms to make the crypto tax reporting process quick and painless. It's as simple as connecting your exchanges, importing trades, and downloading your tax reports. CryptoTrader.Tax computes your tax liability using the same techniques tax professionals use.

The platform supports most crypto exchanges to allow for easy aggregation of data. Some of the exchanges supported include Coinbase, Crypto.com, Binance, Bitstamp, Bittrex, Kraken, CoinSpot, Exodus, and CoinEx. CryptoTrader.Tax lets you import trades from these crypto platforms using its generic CSV import template.

CryptoTrader.Tax also offers tax liability calculation leveraging calculation methods that tax professionals use. This ensures that you're filing the correct amount without exposing you to great crypto tax liability. The platform is best suited for individual crypto investors, crypto tax reporting, and crypto activity data aggregation. However, the platform may seem difficult to first understand for some users.

The pricing of CryptoTrader.Tax is based on the number of trades you plan to use it for. It's a one-time payment per tax season. The pricing starts at $49 for up to 100 trades and goes up to $299 for unlimited trades. The tier depends on the amount of trades taken into account in the report. For the more economic tiers, there is live chat support, and for the more expensive tiers, there is priority support available.

Users can pay for CryptoTrader.Tax using a Visa, MasterCard, or American Express credit/debit card. It's important to understand that you only have to pay for CryptoTrader.Tax when you are ready to generate your tax report. This means you can create an account, import your data, and review your transactions for free. The pricing is quite interesting compared to other more feature-rich tools because it is a one-time payment per tax season and the tier depends on the amount of trades taken into account in the report. It starts at $49 for up to 100 trades and it goes to $299 for unlimited trades. For the more economic tiers there is live chat support, for the more expensive there is priority support available.

CryptoTrader.Tax is a US-centric tool designed to help users generate reports for filing their taxes based on their cryptocurrency trades. It offers integration with several cryptocurrency exchanges and can automatically import your trading data. The service is optimized for quickly generating tax documents and provides comprehensive documentation, including videos, to assist users. It supports various accounting methods such as FIFO, LIFO, HIFO, etc., and generates IRS Form 8949 that is compliant with the IRS. It also supports other types of reports like income from cryptocurrencies trading, end of year position, and audit trail report. One of its notable features is the ability to directly integrate with TurboTax if you are a customer. However, it is very US centric. The pricing is based on a one-time payment per tax season and the tier depends on the number of trades taken into account in the report. It starts at $49 for up to 100 trades and goes up to $299 for unlimited trades. For the more economic tiers, there is live chat support, while the more expensive tiers offer priority support.

To import your data to CryptoTrader.Tax, you can follow these steps:

1. Import your crypto trades: Start by importing all your cryptocurrency trading history from all exchanges throughout the years.
2. Add crypto income: Add any historical crypto income like mining, airdrops or gifts.
3. Generate your crypto tax report: Review all the imported transaction history and generate a tax report.
4. File your taxes: Import your generated tax report into your favorite tax software.

For trades done outside of an exchange, there is the possibility to import them manually in bulk following a detailed guide on how to create a CSV file that CryptoTrader can ingest, or add transactions manually on their website. When inputting data from a centralized exchange, users have the option to import a file or auto-import. CryptoTrader.Tax recommends the auto-import tool. When importing, the user must obtain an API key by logging into their exchange account. For exchanges and platforms that CryptoTrader.Tax does not yet support, you can import your trades and transactions using the Manual Exchange CSV template.