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Learn About Cryptocurrency Tax Calculators in 2024

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2024-07-18 08:49:191051browse

Calculate your crypto tax liabilities with ease using CoinTracker, CoinLedger, TokenTax, ZenLedger, and more.

Learn About Cryptocurrency Tax Calculators in 2024

Cryptocurrency tax calculators can simplify the process of calculating taxes on crypto transactions. Unlike traditional investments, crypto transactions aren't automatically documented for tax purposes by most exchanges.

A crypto tax calculator gathers all your transaction data, computes profits, losses, income, and tax liabilities, ensuring accurate reporting and compliance with tax laws.

Here's a closer look at some of the best crypto tax calculators to consider in 2024.

CoinLedger is a go-to tool for automating your cryptocurrency and non-fungible token (NFT) tax reporting. According to the platform, since its launch, more than 500,000 crypto investors have used it for tax calculations.

You can calculate crypto taxes using CoinLedger in three simple steps:

1. Import your crypto transactions from your wallets and exchanges.

2. Preview your report.

3. Generate your tax report.

The platform directly integrates with other popular crypto tax tools, making it easy to import all your historical transactions, whether you're trading, earning interest, or buying NFTs.

It also allows you to download your completed tax forms to file yourself, send them to your accountant, or import them into your preferred tax filing software.

Key features:

CoinLedger offers a free tier for users with up to 25 transactions. For larger volumes, the paid tiers start at $49.99 per year.

Pros:

Cons:

CoinTracker, which, per its official website, is used by over 2 million people, supports more than 500 crypto wallets and exchanges, over 10,000 cryptocurrencies, and more than 20,000 defi smart contracts.

The crypto tax calculator automatically syncs all your crypto activity across exchanges, wallets, defi platforms, and NFTs.

When it comes to security, CoinTracker provides read-only access to your data, end-to-end encryption, and token-based two-factor authentication. It is also SOC 1 and SOC 2 compliant.

It also comes as a mobile app with features that allow you to easily view your investment performance and filter your transaction history from anywhere.

CoinTracker also offers full support in the U.S., India, and the U.K., with partial backing available in other countries.

Key features:

CoinTracker's pricing starts at $29.99 per month for the "Hobbyist" tier, which supports up to 3,500 transactions. Higher tiers are available for larger volumes.

Pros:

Cons:

TokenTax is crypto tax software developed by crypto tax experts. It offers both tax calculations and full accounting services for investors globally.

It features fast, universal data import, instant access to tax forms, real-time tax estimate previews, and is available to taxpayers worldwide.

Using TokenTax is straightforward:

1. Import and review data: The software syncs with your wallets and accounts, eliminating manual data entry and ensuring accuracy.

2. Preview your estimated tax liability: Review your crypto transactions and tax data in one place, with real-time previews of your estimated tax liability.

3. Export completed forms: Access all the forms you need to complete your taxes, whether you file with TokenTax or another provider like TurboTax.

The crypto tax calculator allows you to import data from nearly every crypto exchange, blockchain, protocol, and wallet. However, if it doesn't have automation for a particular platform, you can use its manual CSV template to import data.

Key features:

TokenTax offers a limited-time promotion for new users, starting at $65 for the "Essential" tier, which includes basic crypto tax calculations and IRS Schedule D generation. Advanced tiers with additional services are available at higher costs.

Pros:

Cons:

ZenLedger is renowned for its crypto tax software tailored to defi portfolios. It has reportedly managed over 10 billion transactions for more than 100,000 customers.

The crypto tax tool integrates with over 100 decentralized platforms, such as 1Inch, Aave, Uniswap, and PancakeSwap.

It also supports more than 400 cryptocurrency exchanges and over 10 NFT platforms, allowing you to import your trading history, calculate your taxes instantly, and generate an IRS Schedule D.

Using your cryptocurrency transaction history, ZenLedger can also easily generate IRS Form 8949 to report your crypto gains and losses.

暗号税金計算プラットフォームのもう 1 つの際立った機能は、TurboTax や TaxAct などの他の人気のあるオンライン税務ツールとのシームレスな統合です。これにより、仮想通貨の保有を含むポートフォリオ全体の税金をすべて 1 か所で申告できるようになります。

ZenLedger は、エアドロップ、ステーキング、マイニング、その他のソースからの利益が成長し蓄積されるにつれて、その利益の総額を決定するのにも役立ちます。リアルタイム。

主な機能:

ZenLedger の価格は「スターター」で 49 ドルから始まります

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