Take care of your digital assets’ taxes with ease
CoinLedger is a financial online platform that enables you to save time on preparing your cryptocurrency taxes. This business web service is a crypto tax software designed to easily keep track of its users’ digital assets—whether it’s about tax reporting itself or accounting and managing portfolios.
Formerly known as CryptoTrader.Tax, CoinLedger offers a full suite of tools for handling tax tracking on digital currency. It primarily supports various crypto platforms to make it easier to import your data. The software is free to use but you have to pay once you download and view your full tax report.
Is CryptoTrader.Tax free?
CryptoTrader.Tax or CoinLedger is meant for keeping track of digital money, as reporting taxes for those can be a complicated affair depending on how heavy you dabble in crypto trading. What’s great about this program is that it supports a wide range of cryptocurrencies—even NFTs. Thus, it also supports over 300 exchange platforms, allowing you to access your financial information from almost anywhere.
Using this software is simple. Just create an account; select your country, currency, and crypto platforms, and start importing your accounts’ data. Then, just track your portfolio, monitor your account growth over time, view your transaction history, and even check your gains, losses, and income. Once you’re ready, just download your completed crypto tax report. This digital asset tax program is partnered with TurboTax to make things easier.
This service is completely free. It’s only when you have to generate your full report that you will be billed. Its pricing tiers are based on the number of transactions you make each tax season. You can edit and update it afterward, though. Tax professionals can freely preview your report. The only real downside to it is that for calculating, it only supports the USA’s and Australia’s country tax rules.
No need to worry about tax documents
All in all, CoinLedger is a great crypto tax software to try out if you’re struggling with managing your portfolio for your tax reports. It has some missing options for setting up your account but still makes sure that you’re fully covered when you’re generating your report, with how many crypto platforms it supports. Additionally, it’s easy to use regardless of your crypto experience.