Track bitcoin and cryptocurrency transactions. Makes preparing your taxes easy.
Report your capital gains and get right with the IRS. Download CryptoTracker and know your tax liabilities.
The IRS has sent letters to more than 10,000 taxpayers. The crypto-currency trading and mining industry has grown beyond the inner circles of crypto geeks. The government is working overtime ensuring that nobody cheats Uncle Sam. Exchanges like Coinbase have been ordered to turn in private trading data of customers.
The truth is Bitcoin and other crypto assets are not so private.
Does the IRS know what I'm doing?
The IRS is tracking each crypto transaction through the public ledger and they may know who you are.
It's important to report any form of taxable event even if there was no profit or capital gain.
Cryptotracker allows you to track your crypto currency and any digital asset transactions with ease. Whether you just started trading digital currencies or are already a pro, Cryptotracker will help you track your cryptocurrency related activities and insulate you from any tax liabilities.
What does it cost you?
Honestly, nothing for now. Get started for free and upgrade only when your transaction count exceeds 50.
Taxable events Cryptotracker can help you with:
Trading crypto (BTC, ETH, XRP, etc).
Buying or selling crypto for fiat (USD, EUR, etc).
Receiving income, tips, or donations.
Spending crypto to purchase items or services.
How does the application work?
Enter a repository like a bank account or trade exchange. It can be a Coinbase account, or a Trezor wallet.
Enter some transactions and get a user-friendly summary of all your transactions in an orderly manner.
Produce reports for your accountants or bitcoin.tax to know what you owe in tax.
You (or your accountant) can choose which accounting methodology you want to use. You can choose from either FIFO, LIFO, average costing, and other methods.