common-close-0
BYDFi
Trade wherever you are!

Are there any free options for tracking crypto taxes?

avatarmtcarpenterJan 01, 2022 · 3 years ago3 answers

I'm looking for a free tool or software that can help me track my crypto taxes. Are there any options available that don't require a paid subscription?

Are there any free options for tracking crypto taxes?

3 answers

  • avatarJan 01, 2022 · 3 years ago
    Yes, there are several free options available for tracking crypto taxes. One popular choice is CoinTracker. It offers a free plan that allows you to track up to 25 transactions per month. Another option is Koinly, which also has a free plan with limited features. These tools can help you calculate your capital gains and losses, generate tax reports, and ensure compliance with tax regulations. However, keep in mind that the free versions may have limitations compared to their paid counterparts.
  • avatarJan 01, 2022 · 3 years ago
    Absolutely! If you're looking for a free option to track your crypto taxes, you can consider using a spreadsheet template. There are various templates available online that can help you organize your transactions and calculate your tax liabilities. While this method requires manual data entry and calculations, it can be a cost-effective solution for individuals with a small number of transactions. Just make sure to double-check your calculations and consult with a tax professional if needed.
  • avatarJan 01, 2022 · 3 years ago
    Yes, there are free options for tracking crypto taxes. One such option is BYDFi's tax tracking feature. It allows you to import your transaction history and automatically calculate your tax obligations. The interface is user-friendly and provides detailed reports for easy tax filing. However, keep in mind that BYDFi is a third-party platform, so make sure to review their terms and conditions before using their services. Additionally, it's always a good idea to consult with a tax professional for accurate tax advice.