A Quick Look at Options for Crypto Tax Software

Ever wondered which tax software you should try for your crypto tax reports?

If you bought and sold any cryptocurrencies last year, you probably need to report your gains and income to your government for taxes.

Knowing which software will meet your needs is crucial to reducing your frustrations and headaches with tax reports.

Watch this video to check out five different options you have, depending on the number of trades you made, crypto income you might have earned, and other considerations. Jessica reviews what she looks for when she's choosing a software, especially as a crypto bot trader. She also talk about why crypto tax reporting software is so important: establishing the cost basis is CRUCIAL to not overpaying in taxes!

(And don't miss out on our affiliate link where you can save 10% (or more!) off your purchase! Check below the video for more info!).

Here is what you'll find in this video:

• 0:00 Teaser – Did you do any crypto trading last year?
• 0:40 The new question the US government (IRS) is asking about cryptocurrencies on your tax forms
• 1:38 If you have no idea how to report your crypto taxes….
• 2:08 If you did bot trading (especially as a student of Dan Holling’s The Plan)
• 3:06 The similarities of most crypto tax softwares and the #1 thing to look for in a good choice
• 4:05 What else to look for in a good software
• 5:12 Intro to tax.crypto.com: free software to report your taxes
• 6:56 Intro to Accointing.com: cheap software
• 7:52 Intro to Koinly.io: well advertised and popular solution
• 9:37 Intro to Zenledger.io: a little more expensive but professional help available
• 10:47 Intro to CoinTracking.info: the only software we recommend for bot traders
• 12:47 Caution about reconciling your tax reports and making sure that your cost basis is being calculated correctly
• 15:00 Need more help with your crypto tax reports?
• 16:33 If you need more time, file an extension! If you need help with your crypto tax reports, take our quiz and/or contact us about our crypto tax membership support group.

TAKE OUR NEW QUIZ to learn more about which software is right for your personal situation and what things to look for when choosing a crypto tax software.

Link for CoinTracking, our #1 recommended crypto tax reporting software: (includes a 10% off discount for all paid plan levels, but if you want to save 25% off the annual unlimited subscription, take our free quiz!)

Links for some other alternatives like Koinly, TaxBit and ZenLedger.

FIND OUT MORE about our new membership designed to support you with your crypto tax bookkeeping needs and receive our free checklist, Crypto and Taxes: 13 Tips for Buyers and Sellers of Cryptocurrencies in 2021 (Thank you page will lead you to our sales page, now open for business!) 

Crypto course mentioned early in the video.

Just getting started in investing with cryptocurrencies? Grab your free copy of our resource, Crypto Secrets for Passive Income, to help you take the right first steps and learn more about this fascinating new world of investing and finances.

Disclosure: You should assume any links in this blog post are 1. affiliate links, 2. links to our own products, or 3. links for your convenience. We only recommend products that we whole-heartedly endorse and any commissions earned from your purchases do not increase your costs.