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Are there any free resources or tools available for calculating crypto taxes?

avatarJexiiDec 28, 2021 · 3 years ago3 answers

Can anyone recommend any free resources or tools that can help with calculating crypto taxes? I'm looking for something that is easy to use and provides accurate calculations. It would be great if it also includes features like tracking transactions and generating tax reports. Any suggestions?

Are there any free resources or tools available for calculating crypto taxes?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Sure! One free resource that I highly recommend for calculating crypto taxes is CoinTracker. It's a user-friendly platform that allows you to connect your exchange accounts and wallets to automatically track your transactions. It provides accurate tax calculations and generates comprehensive tax reports. CoinTracker supports multiple currencies and integrates with popular exchanges like Binance and Coinbase. Give it a try!
  • avatarDec 28, 2021 · 3 years ago
    Yes, there are several free resources and tools available for calculating crypto taxes. One popular option is TurboTax, which offers a crypto tax calculator as part of its software. It simplifies the process by guiding you through the necessary steps and automatically calculating your tax liability. Another option is the free tax calculator provided by CryptoTrader.Tax. It supports various countries and allows you to import your transaction history from exchanges. Both options are reliable and widely used by the crypto community.
  • avatarDec 28, 2021 · 3 years ago
    As an expert in the crypto industry, I can recommend BYDFi's free tax calculator. It's a comprehensive tool that not only calculates your crypto taxes accurately but also provides additional features like portfolio tracking and tax planning. BYDFi's tax calculator supports multiple countries and integrates with major exchanges. It's designed to be user-friendly and offers detailed tax reports. Give it a try and see how it simplifies your tax calculations!