CryptoTrader.Tax review: Automatic cryptocurrency tax reports

What is CryptoTrader.Tax?

CryptoTrader.Tax is a program that automatically generates tax documents for your cryptocurrency holdings.

When you finish using it, you will have the following:

• Completed IRS Form 8949 (for US users only)
• Audit trail report
• Cryptocurrency income report
• End of year positions report
• TurboTax online direct import

To help minimize your tax paid on crypto earnings, CryptoTrader.Tax lets you choose either LIFO or FIFO for calculating liabilities

• LIFO vs FIFO

  LIFO (last in first out) and FIFO (first in first out) are two different ways of calculating the difference between the price at which an asset was acquired and the price at which it was disposed of.

  Because cryptocurrency taxes are typically paid based on the difference between the prices, calculating them in different ways can make a big difference to the amount of tax you pay on them.

How to use CryptoTrader.Tax

Using CryptoTrader.Tax is a three-step process.

• Step 1: Import your trades

  You can automatically import trades from 28 popular exchanges or manually import trades from others.

• Step 2: Add any extra crypto income

  Add any extra crypto income, such as earnings from airdrops, mining or gifts. You can skip this step if not applicable.

• Step 3: Generate a tax report

  Based on the information provided in steps 1 and 2, CryptoTrader.Tax will do the paperwork for you.

How much does it cost to use CryptoTrader.Tax?

There are four different tiers available. The main difference between them is the number of trades supported.

The fees below are accurate as of 4 October 2019.

Key features of CryptoTrader.Tax

Which reports does it offer?

CryptoTrader.Tax offers a thorough set of tax reports on completion, included a completed IRS form 8949 (for US users), an audit trail report and an end of year positions report.

How do I import information to CryptoTrader.Tax?

You can directly import trading information from 28 different exchanges. For unsupported exchanges, you can download reports from the exchange and then upload these to CryptoTrader.Tax.

You can manually add airdrops, ICOs, mining revenue and similar if needed.

What exchanges does CryptoTax support?

CryptoTax lets you directly import data from the following exchanges and wallets:

Compare CryptoTrader.Tax against other crypto portfolio tracker apps

1 - 4 of 4

Product GXFCY-PTR	Pricing by tier (per year)	Supported exchanges
Koinly Crypto Tax Reporting	Free - Track 10,000 transactions with no tax report CAD$49 - 100 transactions + tax reports CAD$99 - 1,000 transactions + tax reports CAD$199 - 3,000 transactions + tax reports CAD$299 - 10,000+ transactions + tax reports	Supports all major exchanges	Koinly can produce detailed cryptocurrency tax reports in under 20 minutes. The basic plan only allows tracking and cannot generate tax reports.	Go to site	loading Fetching your data...
CryptoTaxCalculator Cryptocurrency Tax Reporting	Free - 100,000 transactions but no tax reports CA$49 - 100 transactions + tax report CA$99 - 1,000 transactions + tax report CA$249 - 10,000 transactions + tax report CA$499 - 100,000 transactions + tax report	Supports all major exchanges	This Australian-made software helps you file a CRA-compliant crypto tax return and generates tax reports on all financial years.		loading Fetching your data...
CoinLedger Crypto Tax Reporting	Free ⁠— Unlimited US$49 ⁠— up to 100 trades US$99 ⁠— up to 1,000 trades Pro: $199.99 — 3,000 transactions Pro: $299.99 — 10,000 transactions Unlimited: $499.99 — 1,000,000 transactions	Supports all major exchanges	Connect your exchanges, import trades and download your crypto tax report within minutes.	Go to siteMore Info	loading Fetching your data...
CoinTracking Crypto Tax Reporting	Free - 200 transactions Pro: US$155.88 - 3,500 transactions + tax reports Expert 1: US$239.88 - 20,000 transactions + tax report Expert 2: US$323.88 - 50,000 transactions + tax report Expert 3: US$431.88 - 100,000 transactions + tax report Unlimited: US$839.88 - unlimited transactions + tax report	Supports all major exchanges	Get 10% off upgrades to Pro or Unlimited accounts Track trades and generate real-time reports on profit and loss, the value of your coins and more. Two year and lifetime plans also available.	Go to site	loading Fetching your data...

loading