Many crypto exchanges send tax forms to the IRS, each with their own list of supported tokens and info that doesn’t necessarily match up. This can create a lot of confusion for U.S. taxpayers. Luckily, Cointelli can swiftly and reliably create a unified tax report with the push of a button.
And if there are any inter-platform inconsistencies, Cointelli has a powerful error correction feature that lets users easily edit data. Cointelli’s algorithms make it easy to compile all of the data from Coinbase, Binance, Kraken, and many others into one tax report. And all for the very affordable price of just $49!
What is the Best Software for Crypto Taxes?
American cryptocurrency traders and investors need all the help they can get when it comes to navigating the tax system effectively. Cryptocurrency has made things complicated for many people, as the IRS classifies it as ‘property’ for taxation purposes — dismantling a common misconception that there is no tax on crypto. U.S. investors, in particular, are having to pay more attention to reporting taxes on…