Category

Guides

Australia Cryptocurrency Taxes - The Complete 2019 Guide

This guide discusses how cryptocurrencies are taxed in Australia and provides tips on making compliance easy for citizens.‍ Australia’s cryptocurrency tax policy is receiving more focus after the ATO announced its plans to create a special task force focused on tackling cryptocurrency tax evasion.

Guides

July 11, 2019

How To Do Your Gemini Taxes - Building Your Crypto Tax Forms

When it comes to doing your Gemini taxes and building out your required Gemini tax forms, many challenges arise. This article dives into the issue and explains the easiest way to build out your required Gemini tax forms.

Guides

July 9, 2019

US Residents Losing Access to Binance - Here’s How You Should Prepare

Binance recently announced that it will block all cryptocurrency exchange services to users in the US in the future. This guide describes how you should prepare for the loss of access from both a trading and a tax compliance perspective.

Guides

June 17, 2019

How to Handle Your Client’s Cryptocurrency Tax Forms

Many tax professionals are having to learn about the world of cryptocurrencies and how they are taxed as their clients have increasingly started to invest, trade, and transact in the digital asset.

Guides

June 10, 2019

How to Import Cryptocurrency Trades into Drake Accounting Software

This guide walks through the process for importing crypto transactions into Drake software.Drake accounting software is a widely used platform for tax professionals preparing tax returns on behalf of their clients. With the growth in popularity of bitcoin and other cryptocurrencies, many tax professionals find themselves wondering how to import their clients crypto transactions into the platform.

Guides

May 22, 2019

The Ultimate Guide to API Access for your Crypto Exchange Accounts

Application program interfaces (API’s) provide a way for one system to interact with another. In the case of cryptocurrency, API’s are often used as a way to interact with cryptocurrency exchanges. Many complementary businesses and tools have been built allowing users to connect to these exchange API’s like portfolio trackers, crypto trading bots, tax software tools, and many more.

Guides

May 9, 2019

How to Create Your First Tax Report with CryptoTrader.Tax

This guide walks through how to create your first tax report within CryptoTrader.Tax. To create an accurate tax report, CryptoTrader.Tax needs your historical buys, sells, and other transaction data from every crypto exchange you have used. Without all of your transaction data from all years of transacting with cryptocurrency, the application will not have the necessary information needed to create reports.

Guides

April 29, 2019

Mailing in form 8949 for e-Filing cryptocurrency traders

Depending on how many cryptocurrency trades you made during the year, CryptoTrader.Tax may automatically consolidate your 8949 form into a single line. This is in accordance with section 2 of the IRS 8949 instructions, and will happen for those that have many trades (see example of consolidated 8949 below).

Guides

April 22, 2019

How to File Your Bitcoin and Crypto Taxes with TaxAct

You can easily file your bitcoin and crypto taxes with popular tax filing software TaxAct by importing your crypto tax reports from CryptoTrader.Tax. This guide walks through the step by step process, so that you can quickly file your cryptocurrency transactions.

Guides

April 19, 2019

How To File Your Cryptocurrency Taxes with TurboTax

This article walks through the process of filing your cryptocurrency taxes through the online version of TurboTax

Guides

January 19, 2019

How to Calculate Your Bitcoin Taxes: 2019 Guide

This guide breaks down the fundamentals of Bitcoin taxes and walks through the reporting process in the United States.

Guides

August 4, 2018

How to Report Cryptocurrency on Taxes: 2019

This article dives into the specifics behind reporting your crypto transactions on your taxes. If you are reading this, you are probably a crypto-trader or enthusiast concerned with the process of paying taxes on your trading activity.

Guides

May 25, 2018

How To Calculate Your Trading Gains With CryptoTrader.Tax

If you were stuck calculating your gains and losses by hand this past tax season, you know first-hand how difficult it is to find historical price data for all of your trades.

Guides

April 12, 2018

The 2019 Guide To Cryptocurrency Taxes

This guide breaks down everything you need to know about cryptocurrency taxes so that you aren’t caught unprepared when tax season roles around.

Guides

April 12, 2018

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