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Description

Ensuring adherence to cryptocurrency tax laws involves comprehensive report generation that accurately traces historical data. This process enhances precision and tax efficiency by consolidating tax obligations through Specific Identification on the blockchain, all while remaining fully compliant with IRS regulations. Bittax offers a Tax Planning Algorithm that allows users to prepare for crypto taxes in advance, aiming to minimize their overall tax liabilities. The system diligently monitors all FIAT transactions, correlating them with crypto activities and inventory to produce an effective Anti-Money Laundering (AML) report. Furthermore, it meticulously tracks the user's blockchain transactions from the very first transaction, providing a thorough analysis of their complete activity history, which spans from the initial FIAT-to-crypto exchange to their current asset holdings. Additionally, it generates a comprehensive graphical report that highlights discrepancies and identifies any missing data. This holistic approach not only simplifies the tax filing process but also empowers users to make informed financial decisions regarding their cryptocurrency investments.

Description

CryptoTax360 serves as a comprehensive solution for managing cryptocurrency taxes and tracking portfolios, offering users a complete view of their digital investments while quickly calculating capital gains and losses. It produces IRS-compliant documents, such as Form 8949 and Schedule D, in both PDF and Excel formats. The platform easily integrates through API connections, public addresses, or file uploads from various exchanges, wallets, DeFi services, margin accounts, and staking systems. Users can select from an array of tax-lot methods, including FIFO, LIFO, HIFO, LCFO, MFIFO, and STMAXLOSS, while also retaining the original cost basis during transfers to guarantee precise calculations of realized and unrealized gains. The user-friendly dashboard aggregates transactions from different wallets and exchanges, highlights any inconsistencies, assists with reconciling errors, and offers detailed profit and loss statements along with portfolio analyses. Furthermore, it adeptly handles complex transaction types while ensuring that transfers remain non-taxable as long as the cost basis is maintained accurately. This robust functionality makes it an indispensable tool for anyone navigating the complexities of crypto taxation.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Bitstamp Yes 
AscendEX Yes 
Bitfinex Yes 
Coinbase Yes 
Kraken Yes 
KuCoin Yes 
Poloniex Yes 
Bybit No 
Celo No 
Celsius PowerDC No 
CoinMarketCap No 
Gnosis Chain No 
Hyperliquid No 
IoTeX No 
Mantle Network No 
Microsoft Excel No 
OKCoin No 
Ronin No 
bitFlyer No 
dYdX No 

Integrations

Bitstamp Yes 
AscendEX Yes 
Bitfinex Yes 
Coinbase Yes 
Kraken Yes 
KuCoin Yes 
Poloniex Yes 
Bybit Yes 
Celo Yes 
Celsius PowerDC Yes 
CoinMarketCap Yes 
Gnosis Chain Yes 
Hyperliquid Yes 
IoTeX Yes 
Mantle Network Yes 
Microsoft Excel Yes 
OKCoin Yes 
Ronin Yes 
bitFlyer Yes 
dYdX Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

$49 per Year
up to 1000 Transactions
Free Trial No 
Free Version Yes 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) Yes 
Online Support Yes 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Bittax

Founded

2017

Country

Israel

Website

www.bit-tax.com

Vendor Details

Company Name

CryptoTax360°

Country

United States

Website

cryptotax360.io

Product Features

Crypto Tax

Automated Data Import No 
Exchange Integration No 
Export Transactions No 
Historical Prices No 
Income Overview No 
Margin & Futures Support No 
Profit & Loss / Cap Gains No 
Staking / Lending / DeFi Support No 
Tax Form Generation No 
Tax Loss Harvesting No 
Wallet Integration No 

Product Features

Crypto Tax

Automated Data Import Yes 
Exchange Integration Yes 
Export Transactions Yes 
Historical Prices Yes 
Income Overview Yes 
Margin & Futures Support Yes 
Profit & Loss / Cap Gains Yes 
Staking / Lending / DeFi Support Yes 
Tax Form Generation Yes 
Tax Loss Harvesting Yes 
Wallet Integration Yes 

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