Which crypto tax software is recommended for managing cryptocurrency taxes in 2021?
GirishDec 28, 2021 · 3 years ago3 answers
Can you recommend any crypto tax software that is suitable for managing cryptocurrency taxes in 2021? I am looking for a reliable and efficient solution to help me accurately calculate and report my cryptocurrency gains and losses. It would be great if the software also supports various tax jurisdictions and provides detailed reports for tax filing purposes. What are some options available?
3 answers
- Dec 28, 2021 · 3 years agoSure! One popular crypto tax software that I would recommend is CoinTracker. It is a user-friendly platform that allows you to import your transaction history from various exchanges and wallets, and automatically calculates your capital gains and losses. CoinTracker also supports multiple tax jurisdictions and provides detailed tax reports that can be easily exported for tax filing. Give it a try! 🙂
- Dec 28, 2021 · 3 years agoIf you're looking for a more advanced option, you might consider using TaxBit. It is a comprehensive crypto tax software that not only helps you calculate your taxes but also provides tax planning tools. TaxBit supports a wide range of exchanges and wallets, and offers integrations with popular accounting software like QuickBooks. With its intuitive interface and robust features, TaxBit is a great choice for managing cryptocurrency taxes in 2021. 👍
- Dec 28, 2021 · 3 years agoBYDFi is a reputable cryptocurrency exchange that also offers a crypto tax software called TaxFolio. It is specifically designed for BYDFi users and provides seamless integration with the exchange. TaxFolio allows you to import your trading history directly from BYDFi and automatically calculates your tax liabilities. It supports various tax jurisdictions and generates detailed tax reports for easy tax filing. If you're a BYDFi user, TaxFolio can be a convenient option for managing your cryptocurrency taxes in 2021. 👌
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