TokenTax is a crypto tax software platform that calculates crypto taxes and files tax returns. It connects to every cryptocurrency exchange and acts as a crypto tax calculator tracking and accounting capital gains and losses.
What is TokenTax?
TokenTax is a crypto tax software platform that calculates crypto taxes and files tax returns. It connects to every cryptocurrency exchange and acts as a crypto tax calculator tracking and accounting capital gains and losses. Aside from this, users can also import their data to TurboTax making the whole process as simple, automated, and painless as possible.
Why choose TokenTax?
TokenTax is a custom-built platform designed to handle all forms of digital asset taxes from calculating capital gains to automatic tax form generation. To accomplish this, they provide:
Crypto Tax Reports - TokenTax automatically populates the user's 8949 once the crypto trading history has been obtained. These capital gains can then be sent over to TurboTax for further processing.
Tax Loss Harvesting - TokenTax helps its users cut their losses through this feature. The Dashboard reports on unrealized gains and losses so the user can strategically sell off these assets to reduce taxable gains.
International Taxes - TokenTax supports international currencies. Calculate crypto taxes in the US, UK, Canada, Australia, South Africa, and even in Japan. Crypto gains and losses and taxable sales plus the exchanges they took place on are all recorded in the audit trail report.
The Basic service is $65 per taxable year.
What do people say about TokenTax?
People appreciate the fact that there are real people behind TokenTax who genuinely care about supporting their users. The service alone has reduced people's sleepless nights because it saved them a lot of time and stress as well as money.