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Description
Take charge of your cryptocurrency tax obligations with CryptoPrep, a service backed by EY, a reputable leader in the field of taxation. The intricacies of preparing crypto taxes can be daunting, but with EY CryptoPrep, your tax calculations are conducted using sophisticated, institutional-grade methods that adhere to the latest IRS regulations, ensuring that your Form 8949 is precise and reliable. For over a century, Fortune 500 companies have put their trust in EY, making it a well-established authority in tax matters. With EY CryptoPrep, you can feel confident navigating the often confusing landscape of crypto taxes, knowing that your financial responsibilities are supported by the esteemed EY name. The platform provides a clear, step-by-step overview of your crypto tax procedure along with detailed calculations of your capital gains and losses, allowing you to fully comprehend how your tax liability is determined while ensuring that no aspect is overlooked. Let us take the burden of your crypto taxes off your plate, allowing you to focus on what truly matters. With our dedicated support, you can tackle your financial responsibilities with ease and clarity.
Description
If you have engaged in the buying, selling, earning, receiving, or any other form of acquiring digital currencies within a particular tax year, it's highly likely that you must report any profits or losses on your tax return. If there's any uncertainty regarding your obligations, consulting with the Inland Revenue or your accountant is advisable. In New Zealand, the Inland Revenue classifies digital currencies as a category of property. Their guidelines for cryptocurrency taxation specify that profits or losses must be assessed using the First in First Out method, converting values into New Zealand Dollars at the time of each trade, even when the transactions are between different cryptocurrencies. This process can be quite complex and may require several days to sort through, even with just a few trades. If you've incurred a loss, it could potentially be deducted from your income tax, providing some relief. Our advanced algorithms simplify this process by automating the necessary currency conversions and calculating your trading and mining profits and losses in line with Inland Revenue's regulations. Simply provide us with your exchange exports and mining addresses, and we will handle the rest to ensure your compliance and accuracy. This way, you can focus on your investments without the tax-related stress.
API Access
Has API
API Access
Has API
Integrations
Bitstamp
Binance
BitPrime
Cisco Prime Network
Easy Crypto
Exodus
Independent Reserve
Kraken
Poloniex
SAP Internet of Things
Integrations
Bitstamp
Binance
BitPrime
Cisco Prime Network
Easy Crypto
Exodus
Independent Reserve
Kraken
Poloniex
SAP Internet of Things
Pricing Details
$49
Free Trial
Free Version
Pricing Details
$99 per tax year
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
EY
Founded
1989
Country
United Kingdom
Website
caat.eastus.cloudapp.azure.com
Vendor Details
Company Name
Taxoshi
Founded
2014
Country
New Zealand
Website
taxoshi.com
Product Features
Crypto Tax
Automated Data Import
Exchange Integration
Export Transactions
Historical Prices
Income Overview
Margin & Futures Support
Profit & Loss / Cap Gains
Staking / Lending / DeFi Support
Tax Form Generation
Tax Loss Harvesting
Wallet Integration
Product Features
Crypto Tax
Automated Data Import
Exchange Integration
Export Transactions
Historical Prices
Income Overview
Margin & Futures Support
Profit & Loss / Cap Gains
Staking / Lending / DeFi Support
Tax Form Generation
Tax Loss Harvesting
Wallet Integration