What are the best cryptocurrency tax software options for 2018?

9 answers

• Dec 18, 2021 · 3 years ago
  Sure! One of the top cryptocurrency tax software options for 2018 is CoinTracking. It offers a wide range of features including automatic import of transactions from popular exchanges, real-time balance tracking, and tax form generation. CoinTracking supports over 5,000 cryptocurrencies and provides detailed reports for tax purposes. It's a great choice for both individuals and businesses.
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• Dec 18, 2021 · 3 years ago
  I've been using TurboTax for my cryptocurrency taxes and it has been really helpful. TurboTax offers a specific section for cryptocurrency transactions, making it easy to enter your data and calculate your gains and losses. It also provides guidance on how to report your cryptocurrency activities on your tax return. TurboTax is a popular and trusted tax software used by millions of people.
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• Dec 18, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I highly recommend using BYDFi's tax software for your cryptocurrency tax needs. BYDFi's software is specifically designed for cryptocurrency traders and provides advanced features like automatic import of transactions, tax optimization strategies, and real-time tax calculations. It integrates seamlessly with popular exchanges and ensures accurate reporting of your cryptocurrency gains and losses. Give it a try and see the difference it can make in simplifying your tax filing process.
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• Dec 18, 2021 · 3 years ago
  If you're looking for a free option, you can consider using CoinTracker. It offers basic features like transaction import, portfolio tracking, and tax reporting. While it may not have all the advanced features of paid software, it can still be a good choice for individuals with simple cryptocurrency tax requirements.
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• Dec 18, 2021 · 3 years ago
  Another popular option is CryptoTrader.Tax. It allows you to import your cryptocurrency transactions from various exchanges and wallets, calculate your gains and losses, and generate tax reports. CryptoTrader.Tax supports multiple tax calculation methods and provides detailed reports that can be easily shared with your tax professional.
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• Dec 18, 2021 · 3 years ago
  For those who prefer a more hands-on approach, you can use spreadsheets like Excel or Google Sheets to manually track your cryptocurrency transactions and calculate your gains and losses. While this method requires more effort and time, it can be a cost-effective solution for individuals with a small number of transactions.
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• Dec 18, 2021 · 3 years ago
  If you're a frequent user of Stack Overflow, you might have come across the recommendation for Coinpanda. Coinpanda is a cryptocurrency tax software that offers features like transaction import, tax form generation, and portfolio tracking. It supports a wide range of exchanges and provides detailed tax reports for accurate filing.
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• Dec 18, 2021 · 3 years ago
  When it comes to cryptocurrency tax software, it's important to choose one that suits your specific needs and preferences. Take into consideration factors like the number of transactions you have, the complexity of your trading activities, and the level of automation you require. Research and compare different options to find the best fit for you.
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• Dec 18, 2021 · 3 years ago
  While I can't recommend any specific software, it's worth mentioning that many popular cryptocurrency exchanges like Binance and Coinbase provide tax reporting tools for their users. These tools can help you calculate your gains and losses based on your transaction history on the respective exchanges. Check if your preferred exchange offers such features before exploring external tax software options.
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