It’s important to research a range of crypto tax software to compare the pros and cons of each option. How to choose the best crypto tax software They can automatically fill in your tax forms at the end of the tax year, making sure you pay the correct tax that’s due, in line with US crypto tax rules. Most crypto software programs also keep track of your transactions in a way that’s suitable for IRS forms and US tax reporting. This file can then be imported into your chosen crypto tax software. You can export your transactional data from your crypto exchange platform as a CSV file. Most crypto tax software gives you the option to manually import your data. It automatically grabs and records details of your transactions when you execute an exchange or trade. The best crypto software integrates with the exchange you use to manage your cryptocurrency. If you've already downloaded your tax forms, ZenLedger may refuse your refund altogether or only issue a partial refund.Ĭrypto tax software helps you keep a record of crypto transactions and calculates the capital gain or loss when your crypto assets are sold, exchanged, given away or traded. If you aren't satisfied with ZenLedger, you can request a refund within one year. Send an email inviting your tax pro to view your ZenLedger crypto tax reports. Collaborate with your tax professional.As the official TurboTax partner, ZenLedger has an integration that lets you seamlessly upload transactions from ZenLedger's tax tool directly to TurboTax. Combine your entire transaction history from all of your wallets and exchanges into one single spreadsheet. ZenLedger's customer service is available by chat, email or phone seven days a week, including evenings. ZenLedger's tax tool automatically analyzes your trade history and offers suggestions on how to minimize your tax liabilities. ZenLedger is one of the few crypto tax software programs that let you track your NFTs. TaxBit – Best for unlimited transactions.BitcoinTaxes – Best for 20 to 100,000 transactions. ZenLedger – Best for extra accounting features.CryptoTaxCalculator – Best for crypto tax professionals.Coinpanda – Best for number of exchange integrations.To help you manage your tax obligations, we’ve compared a range of options to find the best crypto tax software programs in the US. Finder or the author may own cryptocurrency discussed on this page.Ĭrypto tax software programs make it easier to record your cryptocurrency transactions, track any capital gains or losses and report them to the Internal Revenue Service (IRS). Talk with a financial professional before making a decision. Potential regulations or policies can affect their availability and services provided. Digital assets are volatile and risky, and past performance is no guarantee of future results.
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