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Are there any free trading tax software options available for cryptocurrency traders?

avatarjaspirDec 28, 2021 · 3 years ago3 answers

Can anyone recommend any free trading tax software options specifically designed for cryptocurrency traders? I'm looking for a solution that can help me accurately calculate and report my tax obligations for my cryptocurrency trades. It would be great if the software can automatically import my transaction history from different exchanges and generate tax reports based on the latest tax regulations. Any suggestions?

Are there any free trading tax software options available for cryptocurrency traders?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Yes, there are several free trading tax software options available for cryptocurrency traders. One popular option is CoinTracker. It allows you to import your transaction history from various exchanges and wallets, and it automatically calculates your capital gains and losses. CoinTracker also generates tax reports that are compliant with the latest tax regulations. Another option is Koinly, which offers similar features and supports a wide range of exchanges. Both CoinTracker and Koinly have free plans that can meet the needs of most cryptocurrency traders.
  • avatarDec 28, 2021 · 3 years ago
    Absolutely! There are free trading tax software options specifically designed for cryptocurrency traders. These tools can save you a lot of time and effort in calculating and reporting your tax obligations. CoinTracking is one such software that offers a free plan with basic features. It supports over 6,000 cryptocurrencies and allows you to import your transaction history from various exchanges. CoinTracking also provides detailed tax reports and even offers a tax loss harvesting feature to help you minimize your tax liability. Give it a try!
  • avatarDec 28, 2021 · 3 years ago
    Yes, there are free trading tax software options available for cryptocurrency traders. One option is BYDFi, a popular platform that offers a free plan for traders. BYDFi allows you to import your transaction history from multiple exchanges and wallets, and it automatically calculates your tax obligations based on the latest tax regulations. It also generates comprehensive tax reports that you can use for filing your taxes. BYDFi's user-friendly interface and advanced features make it a great choice for cryptocurrency traders who want to simplify their tax reporting process.