How CryptoTrader.Tax Works

3 Easy Steps To Prepare Your Cryptocurrency Taxes

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Step 1: Import Your Crypto Trades

Start by importing your crypto trading history from all years and from all exchanges into the app. CryptoTrader.Tax will automatically establish cost basis and fair market value for these transactions using historical data.

Cryptocurrency Tax Income

Step 2: Add Crypto Income

Add any historical crypto income such as mining, gifts, or even exchange rewards like airdrops. If none of these apply to you, this step can be skipped.

Step 3: Generate Your Tax Report

Once all of your transaction history has been imported, the final step is to review your data and generate your report. For each tax year, the following documents are automatically created:

  • Cryptocurrency Income Report
  • Short & Long Term Sales Report
  • IRS Form 8949
  • Audit Trail Report
  • End of Year Positions Report
  • TurboTax Online Direct Import
Crypto Tax Short Term Capital Gains Report

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