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What is Bitcoin.Tax?
Bitcoin.Tax is a trusted cryptocurrency tax calculation service designed to help users manage and file their crypto taxes efficiently. With support for importing transactions from major exchanges and wallets, the platform automates the calculation of capital gains, losses, and income, accommodating a wide variety of crypto assets and transaction types. Users can easily generate the required IRS forms and reports for tax filing purposes, ensuring regulatory compliance for both US and international taxpayers.
In addition to automated transaction tracking, Bitcoin.Tax offers advanced features such as various cost-basis methods (FIFO, LIFO, average costing), global fiat currency support, and specialized reports for donations, mining, and margin trading. The platform also provides professional tax preparation services in collaboration with tax attorneys and CPAs, making it suitable for individuals, traders, and accounting professionals seeking a reliable solution for crypto tax compliance.
Features
- Exchange Imports: Import trade and transaction histories from leading cryptocurrency exchanges and wallets.
- Fast Calculations: Quickly calculate capital gains, losses, and income for multiple crypto assets.
- Multiple Cost-Basis Methods: Supports FIFO, LIFO, average costing, and specific identification.
- Safe Harbor Tool: Helps US taxpayers comply with IRS rules on separating wallet and exchange gains/losses.
- Comprehensive Tax Reports: Generate IRS Form 8949, Capital Gains, Income, Donation, Margin, and Closing reports.
- Tax Professional Services: Access to full tax preparation and expert support for complex crypto scenarios.
- Tax Software Integration: Download reports compatible with TurboTax, TaxACT, and H&R Block.
- Multi-Year and Multi-Country Support: Calculate taxes for the US, Canada, UK, Australia, and Germany.
- Global Fiat and Crypto Support: Handles over 20,000 trading pairs, multiple currencies, and transaction types.
- Dedicated Packages for Accountants: Special plans for tax professionals managing multiple clients.
Use Cases
- Calculating and reporting capital gains and losses for cryptocurrency trades.
- Preparing and filing annual tax returns for crypto-related activities.
- Automating import of transaction data from exchanges and wallets.
- Ensuring compliance with IRS regulations regarding cryptocurrency holdings.
- Reconciling unmatched or missing crypto transaction records.
- Generating professional-grade reports for tax professionals and accountants.
- Facilitating tax preparation for individuals with complex cryptocurrency portfolios.
- Accessing professional advice for complex crypto scenarios such as staking, airdrops, and margin trading.
FAQs
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Which exchanges and wallets can I import transactions from?
Bitcoin.Tax supports importing trade histories from leading exchanges like Coinbase, Gemini, Binance, Bitstamp, Kraken, Bitfinex, KuCoin, Crypto.com, and more, as well as supported wallets and CSV files. -
Does Bitcoin.Tax support multiple tax jurisdictions?
Yes, Bitcoin.Tax calculates tax years and supports reporting for the US, Canada, Australia, Germany, and the United Kingdom. -
Can I use Bitcoin.Tax for free?
A free plan is available for up to 20 trading transactions with access to all standard features and community support. -
What cost-basis methods are available?
Users can choose from FIFO, LIFO, average costing, and specific identification for their transactions. -
Are professional tax preparation services available?
Full-service tax preparation is offered in partnership with tax attorneys and CPAs, with services available for both US and Canadian taxpayers.
Helpful for people in the following professions
Bitcoin.Tax Uptime Monitor
Average Uptime
100%
Average Response Time
415 ms
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