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What is the best crypto tax software?

And while taxes can be overwhelming with or without crypto, good crypto tax software can help ease your burden. At Forbes Advisor, we’ve examined and tested nine of the top crypto tax software platforms: TurboTax Premium, Koinly, TaxBit, CoinTracker, CoinTracking, ZenLedger, CoinLedger, TokenTax and BearTax (now known as Fyn). ...

Do you need a crypto tax software?

If you sell or earn cryptocurrency during the year, you’ll likely need to report the income on your tax return. And while taxes can be overwhelming with or without crypto, good crypto tax software can help ease your burden. ...

Is cointracking a good software for preparing crypto tax reports?

CoinTracking is a good choice if you need guidance while preparing your crypto tax reports. This crypto tax software lets you share data directly with your accountant and offers detailed tutorials to help you complete your reports. One benefit of CoinTracking is that it allows you to research crypto tax laws in more than 75 countries. ...

Do you have to pay tax on cryptocurrencies?

When you sell or trade crypto you have to pay tax on the difference between the selling price and the price you bought it for (minus any exchange fees). This is known as a Capital Gains Tax and has to be paid in most countries such as the USA, UK, Canada etc. I only made a loss on cryptocurrencies, do I still have to file taxes? Yes. ...

Is blockpit a good crypto tax software?

At the time of writing this Blockpit review, this crypto tax software has more than 350,000 customers worldwide and has won multiple awards, including the Silver Award Edison in 2021 and the Award Best Taxtech in the same year. ...

Where can I import my crypto tax report?

Tax software support: You can import your crypto tax report into platforms like TurboTax, TaxAct, H&R Block, and Taxslayer. International support: CoinLedger serves countries around the world — including the U.S., Canada, Australia, and Japan! ...