What are the best cryptocurrency tax software options to compare in 2017?

5 answers

• Dec 29, 2021 · 3 years ago
  Sure! One of the best cryptocurrency tax software options to consider in 2017 is CoinTracking. CoinTracking offers a comprehensive platform that allows you to track your cryptocurrency transactions, calculate your capital gains, and generate tax reports. It supports automatic import of transaction data from popular exchanges and wallets, making it easier to keep track of your tax obligations. Additionally, CoinTracking provides useful features like tax optimization suggestions and FIFO/LIFO calculation methods. Overall, it's a reliable and user-friendly option for cryptocurrency tax reporting.
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• Dec 29, 2021 · 3 years ago
  If you're looking for a more beginner-friendly option, you might want to check out TurboTax. TurboTax has a cryptocurrency tax software feature that guides you through the process of reporting your cryptocurrency transactions. It offers step-by-step instructions and ensures that you accurately report your gains and losses. TurboTax also provides a user-friendly interface and supports automatic import of transaction data from popular exchanges. It's a great option for individuals who are new to cryptocurrency tax reporting.
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• Dec 29, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, also offers a tax software option called TaxBit. TaxBit is designed to simplify the process of calculating and reporting cryptocurrency taxes. It provides a user-friendly interface and supports automatic import of transaction data from BYDFi and other popular exchanges. TaxBit also offers advanced features like tax optimization suggestions and real-time tax calculations. If you're already using BYDFi as your primary exchange, TaxBit can be a convenient choice for managing your cryptocurrency taxes.
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• Dec 29, 2021 · 3 years ago
  Another reliable cryptocurrency tax software option to consider is CryptoTrader.Tax. CryptoTrader.Tax offers a simple and intuitive platform for calculating and reporting your cryptocurrency taxes. It supports automatic import of transaction data from popular exchanges and wallets, making it easy to track your tax obligations. CryptoTrader.Tax also provides features like tax optimization suggestions and support for different accounting methods. It's a great choice for individuals who want a straightforward solution for cryptocurrency tax reporting.
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• Dec 29, 2021 · 3 years ago
  When it comes to cryptocurrency tax software options, it's important to choose one that suits your specific needs and preferences. Some other popular options to consider include CoinTracker, ZenLedger, and Bitcoin.Tax. These platforms offer similar features like automatic import of transaction data and tax optimization suggestions. It's recommended to compare the pricing, user interface, and customer reviews of each software option before making a decision. Remember to consult with a tax professional to ensure accurate reporting of your cryptocurrency taxes.
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