CryptoTrader.Tax Review
It’s no secret that taxes can be confusing — especially when it comes to crypto — and then there’s CryptoTrader.Tax, a cryptocurrency tax software platform designed to automate the entire tax reporting process. Tax reports generated by this platform are based on your historical data and can be provided to your tax professional or imported directly into your tax filing software.
The CryptoTrader.Tax product integrates with all major exchanges and platforms to make the crypto tax reporting process quick and painless. It’s as simple as connecting your exchanges, importing trades and downloading your tax reports.
CryptoTrader.Tax computes your tax liability using the same techniques tax professionals use — you can rest assured you’re paying the right amount while reducing your crypto tax liability. And signing up for an individual account is easy as entering your email, choosing a password and agreeing to the terms and conditions.
Cryptocurrency tax reporting may seem daunting at first. You’ll find solace knowing that filing your crypto gains and losses works the same way as filing the proceeds from investing in stocks or other forms of property. And with the IRS doubling down on its cryptocurrency tax enforcement efforts, you need to stay ahead of your crypto tax reporting.
If you’re looking for ways to automate all of your crypto tax reporting, CryptoTrader.Tax is a more-than-adequate platform. In the age of rampant cryptocurrency trading and endless IRS crackdowns, you want to get it right with your crypto tax reports. This software integrates with all your cryptocurrency platforms — import your transaction history across all platforms and generate tax reports in a click.
