common-close-0
BYDFi
Trade wherever you are!

What are the alternatives to TurboTax for tracking cryptocurrency transactions?

avatarAnnie H.Dec 30, 2021 · 3 years ago3 answers

I am looking for alternative options to TurboTax for tracking my cryptocurrency transactions. Can you recommend any other platforms or software that can help me with this task? I want to ensure accurate tracking and reporting of my cryptocurrency transactions for tax purposes.

What are the alternatives to TurboTax for tracking cryptocurrency transactions?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    Sure, there are several alternatives to TurboTax for tracking cryptocurrency transactions. One popular option is CoinTracking. It is a comprehensive cryptocurrency portfolio management tool that allows you to track your transactions, generate tax reports, and monitor your portfolio performance. Another option is CryptoTrader.Tax, which specializes in cryptocurrency tax reporting. It integrates with popular exchanges and wallets to automatically import your transaction data and generate tax reports. Additionally, you can consider using Bitcoin.Tax, a platform that offers a range of tax tools for cryptocurrency investors. It supports multiple exchanges and provides features like capital gains calculations and tax form generation.
  • avatarDec 30, 2021 · 3 years ago
    Hey there! If you're looking for alternatives to TurboTax for tracking your cryptocurrency transactions, you're in luck. CoinTracking is a great option that offers a user-friendly interface and powerful features for tracking your crypto trades. It supports over 4,000 cryptocurrencies and integrates with popular exchanges, making it easy to import your transaction data. Another alternative is CryptoTrader.Tax, which simplifies the process of calculating your crypto taxes. It automatically imports your transactions and generates tax reports that are compatible with major tax software. Lastly, you might want to check out Bitcoin.Tax, a platform that provides comprehensive tax tools for cryptocurrency investors. It offers a range of features, including capital gains calculations and tax form generation.
  • avatarDec 30, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can recommend a few alternatives to TurboTax for tracking your cryptocurrency transactions. One option is CoinTracking, a popular platform that offers advanced portfolio tracking and tax reporting features. It supports a wide range of exchanges and provides detailed transaction analysis. Another alternative is CryptoTrader.Tax, which simplifies the process of calculating your crypto taxes. It automatically imports your transaction data and generates tax reports that are compliant with IRS guidelines. Lastly, you can consider using Bitcoin.Tax, a comprehensive tax tool for cryptocurrency investors. It supports multiple exchanges and provides features like capital gains calculations and tax form generation. These alternatives can help you accurately track and report your cryptocurrency transactions for tax purposes.