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Show HN: CryptoTrader.Tax – Tax calculator for your crypto trading

cryptotrader.tax

51–59 of 59 posts

Re: Show HN: CryptoTrader.Tax – Tax calculator for your crypto trading

#51

Earlier quoted context omitted.

Yes. I've used bitcoin.tax the past few years. This one looks nice although it's missing a couple exchanges that I would need to use it next year (maybe they'll have them by then).

What exchanges would you like to see added? Constantly working on new additions.

HitBTC and COSS

Re: Show HN: CryptoTrader.Tax – Tax calculator for your crypto trading

#53
https://tokentax.co has real crypto accountants checking your uploads, working with you on missing cost basis, answering any questions you might have on intercom. US, UK, Canada and other countries supported automatically. And a TokenTax Crypto-specialist CPA can file your returns in the US as well

Re: Show HN: CryptoTrader.Tax – Tax calculator for your crypto trading

#54

Does this tool take multiple tax years into account for cost basis?

The tool does, it will carry over the cost basis from previous years of trading for calculating the next year's short/long term gains.

Is the pricing based on trades per year or trades total among years?

Re: Show HN: CryptoTrader.Tax – Tax calculator for your crypto trading

#56

Looks great. Any support for Robinhood crypto trades coming?

The file provided by Robinhood is a gain/loss statement. Since the assets on Robinhood are not movable across exchanges, these gain loss entries can be directly used to file your tax returns.

TurboTax Online provides a way to upload your Robinhood taxable entries. If you are doing it with an accountant, you can just send the file along with BearTax tax documents else you can enter these taxable entries in capital gains or losses section with each line as Asset, bought on, cost basis, sold on, total proceeds, net gain loss, short/long term.

We at https://bear.tax are working on a way to make it easy for users to import into the platform and get consolidated tax documents, so you don't have to do it all by yourself. We'll keep you posted on that.

Re: Show HN: CryptoTrader.Tax – Tax calculator for your crypto trading

#57
BearTax (https://bear.tax) - Another alternative with support for more exchanges * Simple and easy steps makes it a lot less painful. * Multiple Tax Years support and FIFO calculations done accordingly. * Price is only for transactions done this year. * Working on margin trades, swaps and more

Re: Show HN: CryptoTrader.Tax – Tax calculator for your crypto trading

#58
post #31

Earlier quoted context omitted.

Tax compliance is high when counterparty (employer or broker) reports income. Tax compliance on cash transactions is lower. I don't think stealing books from library at any kind of scale approaching the value of tax evasion is so easy to get away with.

> I don't think stealing books from library at any kind of scale approaching the value of tax evasion is so easy to get away with. Sort of offtopic but ontopic to your comment: When bored and reading state statutes I've discovered librarians in NJ are the only group of people aside from law enforcement officers that are relieved of most liability when arresting someone. (anyone else that does a wrongful arrest can be…

sources needed please.

Re: Show HN: CryptoTrader.Tax – Tax calculator for your crypto trading

#59
post #58

Earlier quoted context omitted.

> I don't think stealing books from library at any kind of scale approaching the value of tax evasion is so easy to get away with. Sort of offtopic but ontopic to your comment: When bored and reading state statutes I've discovered librarians in NJ are the only group of people aside from law enforcement officers that are relieved of most liability when arresting someone. (anyone else that does a wrongful arrest can be…

sources needed please.

> sources needed please.

https://law.justia.com/codes/new-jersey/2018/title-2c/chapte...

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