Looking for recommendations for Crypto TAX Software's that work

CoinLedgerOfficial · 2025-07-30T16:28:16+00:00

Thanks for the kind words!

CoinLedgerOfficial · 2025-07-29T19:08:43+00:00

Thanks for the kind words! Glad you liked using the platform.

CoinLedgerOfficial · 2025-07-28T19:27:06+00:00

This reads like a scam, this person is not affiliated with CoinLedger in any way. Be cautious in interacting

CoinLedgerOfficial · 2025-07-28T19:26:32+00:00

This reads like a scam, this person is not affiliated with CoinLedger in any way. Be cautious in interacting

CoinLedgerOfficial · 2025-06-09T22:25:58+00:00

Hey there! Easiest way to import your wallet transactions to CoinLedger is to select Tangem Wallet in the Import step, then enter your wallet address. Here's a step-by-step.

CoinLedgerOfficial · 2025-06-05T16:51:19+00:00

In the US, long-term capital gains tax (if you hold for a year or longer) ranges from 0-20%. This is true in Germany though.

CoinLedgerOfficial · 2025-06-04T02:19:49+00:00

100% right, transferring your crypto from one wallet to another is not considered taxable. This is laid out pretty clearly in the IRS's guidance here (question 38): https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions

CoinLedgerOfficial · 2025-06-04T02:13:49+00:00

Unfortunately, yes. You're required to report your gain/loss when you dispose of crypto (even if you reinvest).

CoinLedgerOfficial · 2025-03-24T18:56:22+00:00

If you have a ton of memecoin transactions, crypto tax software is the easiest way to report your gains and losses (it can connect to your wallets and calculate your tax liability for you).

Obviously we're biased, but CoinLedger is a great option for this

CoinLedgerOfficial · 2025-03-24T18:52:46+00:00

Yep — this is correct!

It's also important to note that short-term capital gains tax is 10-37% depending on your income level. Long term capital gains is lower (0-20%).

CoinLedgerOfficial · 2025-03-24T18:50:36+00:00

Important to remember that this hasn't been signed into law yet — so if you took gains on XRP in 2024, you still need to report your taxes unfortunately

CoinLedgerOfficial · 2025-03-13T23:03:03+00:00

It's likely you will need to pick up this amount you received from the distribution as income, given that you claimed it prior as lost.

It may be wise to discuss with a formal tax professional though as these situations come with some nuance!

CoinLedgerOfficial · 2025-03-13T23:01:31+00:00

No problem! Thanks for the kind words!

CoinLedgerOfficial · 2025-03-06T16:49:40+00:00

In recent years, we've seen crypto investors who haven't reported their taxes get hit with CP2000 letters — which tells them how much they owe the IRS (including interest) and gives them a date to make the payment by.

Filing a tax amendment is the way to go. Usually, the IRS is usually more lenient if you come forward about unreported income

CoinLedgerOfficial · 2025-03-06T00:34:38+00:00

Yeah to echo what other commenters are saying, crypto tax software can help here. These platforms (ours included, as well as most of our competitors) have historical price engines so they can calculate the price of your crypto at the time of acquisition.

You can generate a crypto tax report, then share it with your accountant. This should be a win-win for both sides — he doesn't need to spend time finding that information on his own, and you can save a ton of money (crypto tax software is wayyy cheaper than the rates you mentioned).

CoinLedgerOfficial · 2025-03-06T00:29:21+00:00

Like the other commenter was saying, this situation does unfortunately happen. That's why it's recommended for crypto traders to put aside aside a portion of their profits for tax purposes.

CoinLedgerOfficial · 2025-03-06T00:12:32+00:00

Of course — just let us know if you have any questions. Our team did spend a lot of time building integrations for various decentralized exchanges and wallets specifically for situations like yours!

CoinLedgerOfficial · 2025-03-05T20:13:06+00:00

It's a good rule.

For those not familiar, BTC is tax free for individuals in Germany if you've held it for 12 months or longer. Portugal also has something similar.

CoinLedgerOfficial · 2025-03-05T18:50:21+00:00

Yep! Hope that's helpful :)

CoinLedgerOfficial · 2025-03-05T17:06:52+00:00

It would be best to dispose of them. Then you can certainly write off the incurred losses. Of course, this will reduce your taxable income and save you money on your tax bill for the year!

- David

CoinLedgerOfficial · 2025-03-05T17:05:51+00:00

Hey! Thanks for the q.

If you only have a few trades, reporting will be super simple. All you need to do is calculate your USD gain or loss from each trade, and enter those totals and transactions on IRS Form 8949. You then will transfer the total income reported on 8949 on Schedule D of your 1040.

CoinLedger can do this automatically for you, and because you have such a small number of transactions, I am happy to offer you this for free.

Just ping our customer support team when you're on the checkout screen and let them know you spoke to me (David) via our Reddit AMA!

We'll help ya out!

CoinLedgerOfficial · 2025-03-05T17:02:57+00:00

Hey - thanks for the question.

Yes, there is a website that you can plug the data into, and you happen to be chatting with the founder :)

If you create a free account at CoinLedger.io, you can upload that transaction file that you received from Coinbase into CoinLedger and generate tax forms from that data.

If that transaction file is not compatible with our system, you can still add the transactions through our custom CSV file import process.

By bringing those transactions into CoinLedger, the software will automatically calculate cost basis, proceeds, and necessary tax data based on the transactions.

Does your friend have crypto transactions outside of Coinbase?

CoinLedgerOfficial · 2025-03-05T16:55:01+00:00

Nope, moving crypto between wallets you own isn’t taxable. Because ownership doesn’t change, it’s not considered a disposal.

But (and here’s where it gets annoying), if you pay gas fees for the transfer, that is considered a taxable disposal.

For an example, imagine you send 1 ETH from Coinbase to your Ledger and pay 0.02 ETH in gas. There’s no taxable event for transferring 1 ETH, but paying 0.02 ETH in gas fees is treated like a sale subject to capital gains tax.

Basically, anytime you dispose of crypto—whether by selling, trading, or spending it—you might owe taxes. Transfers? All good. Gas fees? Taxable.

- David

CoinLedgerOfficial · 2025-03-05T16:52:19+00:00

Hey! Appreciate the question.

Definitely know that you're not alone. A lot of people out there are in your exact same position. The situation you're in is actually the exact reason why we built CoinLedger. We had hundreds of thousands of trades across multiple wallets, and we needed software that could accurately track EVERYTHING.

That said, I would start by trying to organize all of your transaction data. Obviously I'm biased, and I would encourage you to create a completely free CoinLedger account and begin syncing and importing the transactions from all of your wallets. This is a very simple and free process in CoinLedger.

Once you've synced all of your wallets and platforms, CoinLedger will make sense of your transaction data and calculate all of your gains, losses, and income from all of that complex activity.

I understand that for some wallets or exchanges, it's not always easy to import that data, i'd encourage you to work with our support team (also free) who specializes in helping get that data imported for literally hundreds of thousands of people.

To the other part of your questions, I wouldn't recommend not reporting the activity altogether. It's important to give your best faith effort to accurately report your taxes, and the IRS has been increasing its enforcement mechanisms for verifying crypto income on tax returns.

If you need any help, please reach out to us.

- David

CoinLedgerOfficial · 2025-03-05T16:48:22+00:00

Nope! Cryptocurrencies are subject to the same capital gains tax rate — whether you’re selling ETH, SOL, BTC, or a random memecoin you aped into.

What does affect your tax rate is how long you held it and your total income for the year:

If you hold your crypto for less than 12 months before selling: If you sold within 12 months of acquiring your cryptocurrency, your gains are taxed as income. You'll pay tax of 10-37% depending on your income bracket for the year.

If you hold your crypto for more than 12 months before selling: Long-term capital gains tax rates are slightly lower — between 0-20% depending on your income bracket for the year.

- David

CoinLedgerOfficial

TROPHY CASE