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Are there any free crypto tax platforms available for calculating my virtual currency taxes?

avatarMichał BizielDec 25, 2021 · 3 years ago3 answers

I'm looking for a free crypto tax platform that can help me calculate my virtual currency taxes. Are there any platforms available that offer this service for free?

Are there any free crypto tax platforms available for calculating my virtual currency taxes?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Yes, there are several free crypto tax platforms available for calculating your virtual currency taxes. One popular option is CoinTracker. It offers a free plan that allows you to track your cryptocurrency transactions and generate tax reports. Another option is CryptoTrader.Tax, which also offers a free plan for basic tax calculations. Additionally, some cryptocurrency exchanges, such as Binance, provide built-in tax reporting tools that can help you calculate your taxes for free. However, it's important to note that while these platforms may offer free plans, they may have limitations on the number of transactions or advanced features available. It's always a good idea to review the features and limitations of each platform before choosing one for your tax calculations.
  • avatarDec 25, 2021 · 3 years ago
    Absolutely! There are a few free crypto tax platforms that can assist you in calculating your virtual currency taxes. One option is TokenTax, which offers a free plan for basic tax calculations and reporting. Another platform to consider is ZenLedger, which also provides a free plan for tracking and calculating your cryptocurrency taxes. Keep in mind that these free plans may have limitations on the number of transactions or advanced features available. If you have a large number of transactions or need more advanced tax calculations, you may want to consider upgrading to a paid plan or consulting with a tax professional.
  • avatarDec 25, 2021 · 3 years ago
    Yes, there are free crypto tax platforms available for calculating your virtual currency taxes. BYDFi is one such platform that offers a free plan for tracking and calculating your cryptocurrency taxes. It provides a user-friendly interface and allows you to import your transactions from various exchanges. However, it's important to note that while the free plan offers basic tax calculations, there may be limitations on the number of transactions or advanced features available. If you have complex tax situations or a large number of transactions, you may want to consider upgrading to a paid plan or consulting with a tax professional.