✅ Importing historical data is simple. You will be able to view your whole transaction history once you are connected to the exchange or wallet of your choice.
✅ It is teamed up with TaxAct and TurboTax. You have the choice to file your taxes with associated companies.
✅ Report on foreign tax matters. The appropriate tax forms for Australia, Canada, and the USA can be filled out using reports.
✅ It supports all cryptocurrency platforms. With so many wallets and exchanges out there, CoinLedger gives you access to your whole transaction history in one location.
❌ Other cryptocurrency tax solutions let hobbyist traders use them for free. But CoinLedger charges $49. Other cryptocurrency tax providers offer this service for no cost.
❌ The Import classification might be confusing. It can be necessary for a trader with several wallets to disclose the initial source of part of their cryptocurrency holdings.
❌ It does not take cryptocurrency as payment.
CoinLedger can be used to calculate all of your cryptocurrency taxes and convert the results into reports that you can submit to the IRS. It will cover for all possible documentation needs. The IRS 8949 form, short- and long-term sales records, crypto income reports, global gain/loss reports, and much more may all be easily created. Even better, this practical tax program allows tax-loss harvesting, which is a great feature. Utilizing CoinLedger is simple, and the data it provides is extremely accurate. Along with TaxDirect and TurboTax, 100 cryptocurrency exchanges, and the most widely used wallets are all integrated. Both NFT transactions and the Ethereum blockchain are supported. This calculator can be tested for free, and the cost is extremely reasonable. You must sign up for one of its pricing tiers in order to see or download reports; the entry-level plan, dubbed Hobbyist, costs $49 each tax year. Day Trader is the next tier down, costing $99 each tax year for 1,500 transactions, and High Volume is the most expensive at $199 per tax year for 5,000 trades. The Unlimited plan, which starts at $299/tax year and is appropriate if you trade more than that, might be the best option for anyone.
The software from CoinLedger aids in navigating the challenging world of cryptocurrency tax. Any cryptocurrency exchange or public wallet address can be used to generate reports.
To sign up for CoinLedger, follow these simple steps:
You can consider opening an account through our link and saving 10%- http://coinledger.io?fpr=save10
CoinLedger is crypto tax software that streamlines the filing process and increases refunds for cryptocurrency investors. Investors can easily track their earnings and losses using CoinLedger because it allows them to see all of their cryptocurrency transactions in one location.
The user may be eligible for a bonus if they open a new account using the CoinLeger referral link. Users can take advantage of the referral bonus by using the provided referral link or referral code. CoinLeger offers a 10% reduction on all trading costs as a result. To utilize the referral bonus, Click here.
Since the “Referral Code” area in your browser will already be filled in, using our link or referral code is now hassle-free. Just complete the last few stages of the registration process.
Since so few exchanges offer all these advantages, CoinLedger stands out from the competition thanks to its many wallets, Defi, and exchange integrations, some of which are Ledger, Ethereum, Mercado Bitcoin, Binance, and Kraken.
Before continuing, make sure you have read and comprehended all of the T&Cs. Make sure you are completely aware of all the terms before you begin your trading adventure with them with joy and satisfaction.
It is quite easy to use and get started with CoinLedger. You will be asked to choose the appropriate exchanges or wallets once you have logged in. Then, for each selected account, input your read-only API keys or public wallet address.
You can even examine your entries and create your report after categorizing transactions and importing accounts. You can choose to import your report into either TaxAct or TurboTax, two tax software companies that CoinLedger has partnered with, after your report has been prepared and your payment has been authenticated. You can skip this step if you think you would rather file the report manually or send this to your accountant.
The tax reporting software from CoinLedger is made to work for both novice and expert cryptocurrency users. Simply enter your public wallet address or the read-only API key provided by your cryptocurrency exchange to import transaction history.
Things can become more challenging for customers who have accounts spread across numerous wallets and multiple blockchains. You will have to disclose the source of the funds for untraceable transactions. whether it comes from airdrops, token mints, airdrop payouts for staking, etc.
From cryptocurrencies like OpenSea, CoinLedger can produce profit and loss records for all cryptocurrencies and NFTs.
Your data is protected and safe with CoinLedger because it uses industry best practices, including as end-to-end encryption on all traffic.
Private key security is the fundamental risk involved with any type of blockchain or cryptocurrency connection. You should always make sure to submit your public wallet address rather than your secure keys.
According to the users’ reviews, so many of them mentioned that CoinLedger is a top crypto tax tool. One wrote that he had used a few other cryptocurrency tax platforms, but Coinledger.io was by far the best. Before paying anything at all, they assist all the way through the conclusion. They have fantastic features like a user-friendly interface, simple user experience, quick app performance, and wonderful customer care representatives like Aimee, who guided him through the process and double-checked items in the backend before paying a cent. He also mentioned that he was going to be a repeat client.
Another user wrote that he has used two cryptocurrency tax software programs before and had terrible luck with them. He never received a response. He said he was not a computer whiz, but those things are hard. It was so much better to use CoinLedger. He was still dependent on CoinLedger for assistance, and they were incredibly helpful throughout, and he succeeded. Next time, it will be simpler. He said that he would continue using CoinLedger.
Finally, the efficiency of CoinLedger in producing profit and loss reports across many platforms gives it a significant advantage over some rival products. It provides tiered programs to meet various needs and a fair pricing structure compared to the industry.
Over 300,000 investors have used CoinLedger to complete their cryptocurrency tax returns correctly. CoinLedger has established a solid reputation as a reliable cryptocurrency tax review company with a 4.8-star TrustPilot rating and numerous positive consumer reviews.