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Summary |
Using BearTax, you can import transactions, calculate gains and file crypto taxes in simple and easy steps and is suitable for individuals and CPAs. Integrated with over 25 crypto exchanges, it is easy for you to develop trades across almost every exchange you’ve traded with BearTax, and calculate your capital gains in a short time. With a smart matching algorithm, BearTax helps match your deposit and withdrawals across supported exchanges based on the transaction imported. When the system can’t find a matching withdrawal for a deposit, you’ll be asked to review the sources to avoid assumptions and prevent running into negative balances. BearTax also has a user friendly capital gain-loss display makes it easy for users to track their trades by acquired date along with their price of acquisition and disposal. This provides for a user, a clear picture of trades and corresponding tax liability. These tax forms are then generated for the user in PDF format. The integration of BearTax to multiple exchanges makes it easy to import transactions. BearTax also has the capacity to handle thousands of transactions. It is also a trustworthy choice as BearTax has been verified by numerous professional CPAs for its consistency and integrity in capital gains calculations. ..show more |
Koinly is a crypto tax software offering reliable and simple services. It is available across 20+ countries and helps users by calculating their cryptocurrency taxes and reducing them. The platform simplifies taxes in three easy steps. Users need to add their exchange accounts via CSV or API files and get their blockchain wallets connected through public addresses. They are offered a glimpse of the exact profit or loss earned by Koinly. Lastly, individuals can download detailed tax reports (Schedule D, Form 8949, TaxAct, TurboTax, International Tax Reports) curated by the software. Inbuilt portfolio tracking feature helps them gain a comprehensive view of their total holdings besides providing a detailed view of growth and ROI over time. Koinly also helps users detect absurd transactions using tools and functionalities like double-entry ledger system, auto import verification, missing transactions and duplicate handling mechanism. Other supported features include compatibility with 50 blockchains, 350 exchanges, 50 wallets, more than 17000 cryptocurrencies and historical data or 6+ crypto prices. ..show more |
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