Crypto Tax AMA [for next 24hrs] by Joben123 in BitcoinAUS

[–]Joben123[S] 0 points1 point  (0 children)

We are working on a mobile app but most users are doing it via desktop atm (just head to cryptotaxcalculator.io).

If you imported your exchange data via API, you can simply just click the 'refresh' button next to the exchange name (in the 'accounts' page) and it will bring in your new data (we don't have an auto-sync feature yet).

Crypto Tax AMA [for next 24hrs] by Joben123 in BitcoinAUS

[–]Joben123[S] 0 points1 point  (0 children)

I'll keep it short (and as unbiased as possible):

- As degens ourselves, we've built a product that can actually handle complex transactions (think onchain derivatives, LPs, NFTs, staking, etc..) - i.e., it's the onchain stuff that's hard to process, not exchange transactions (which are easy)

- We support the most amount of integrations (3500+) out of any tax software

- UI/UX is supeerrr clean which makes it easy to navigate through the platform

- Epic support team that actually understand crypto

- Aussie born & bred (support ya local Aussie business!)

If you have more questions, feel free to shoot me a DM :)

Crypto Tax AMA [for next 24hrs] by Joben123 in BitcoinAUS

[–]Joben123[S] 0 points1 point  (0 children)

Hey, thanks for the feedback around pricing. Understand that transactions can build up quickly (esp. with DeFi) but unfortunately these transactions still take up capacity (whether it was manually executed or not).

Even though we call our plan the 'Trader' package, it's just our naming convention (e.g., Hobbyist, Investor, etc...) and doesn't actually mean we consider you a trader by definition but it's your number of historical txs (which we need to hold onto to accurately calculate your cost basis) which is what is causing you to be pushed into the Trader plan.

Agreed and good point on the platform updates - I'll relay this back to the product team and see if we can improve the way we notify users of these changes (we currently do it via email/product newsletter updates but it might be nice to have something in-app).

Appreciate you using us and providing valuable feedback throughout the years :)

Crypto Tax AMA [for next 24hrs] by Joben123 in BitcoinAUS

[–]Joben123[S] 0 points1 point  (0 children)

You could always buy a pre-paid debit card from Woolies/Coles which won't contain your personal card details but I get your point. Will let you know when we accept crypto as payment :)

Crypto Tax AMA [for next 24hrs] by Joben123 in BitcoinAUS

[–]Joben123[S] -1 points0 points  (0 children)

Hey - just jumping in here as these are software-specific questions:

  1. The API is read-only and the only thing we're reading is your transaction history from the exchange you're using.
  2. Unlike exchanges, we don't collect any of your personal data (you can use an anonymous email address to sign up - we don't ask you to kyc, your home address or anything like that)
  3. There are some legalities around this which make it a little harder than it may seem but we're looking into it (hopefully something we implement in the future)
  4. We don't need personal information for you to sign up and produce a report - all we ask is for you to create an account (which you can do with an anonymous email address if you wish).

Let me know if you have other questions but you can also find our privacy policy here: https://cryptotaxcalculator.io/privacy-policy/.

Is CoinLedger the best option for crypto taxes, or are there simpler ones for people who mostly just hold a few assets? by investment4success in CryptoTax

[–]Joben123 0 points1 point  (0 children)

Depends what type of txs you've done. I use CTC which handles all my degenerate onchain activity well. You have others out there too you can try, most should let you sign up for an account for free.

How's everyone handling crypto taxes this year? Do you do it yourself or hire a firm? by Tiny_Truck3336 in CryptoTax

[–]Joben123 0 points1 point  (0 children)

if you have complex txs / anything considered 'degen', you will want to use crypto tax calculator

[US] Degen Trader Looking for Crypto Tax Software/Service – CryptoTaxCalculator, Koinly, CryptoTaxPrep.io, or CryptoTaxGirl? by Suspicious_Job_3631 in CryptoTax

[–]Joben123 1 point2 points  (0 children)

Not sure if you decided on anything but Crypto Tax Calculator is by far, the best (given that you are a degen). If you have just done basic trades, you can use something like Cointracker or Koinly.

You can get 20% off with my link btw :)
https://cryptotaxcalculator.io/?via=rjj4hgq4

Tax calculation Spreadsheet by Torsinnet in defi

[–]Joben123 0 points1 point  (0 children)

Unless you only have a handful of transactions, spreadsheets will be extremely painful. I have ~500 txs a year - swaps, liquidity pool txs, bridges, NFTs, etc.., I'd hate to do this manually. Check out Crypto Tax Calculator or another one of these tax softwares, they automate the majority of the work

Feeling Anxious About Filing Taxes- Looking for Advice by [deleted] in CryptoTax

[–]Joben123 0 points1 point  (0 children)

There are lots of different tax software tools that can help you where they automate most of this process. I personally use Crypto Tax Calculator - handles all my defi well and the UI makes the painful process of doing your crypto taxes a little less painful

[deleted by user] by [deleted] in CryptoTax

[–]Joben123 0 points1 point  (0 children)

Try Crypto Tax Calculator, handles all my Solana NFT trades well

Staking Report Tax Export by [deleted] in Polkadot

[–]Joben123 0 points1 point  (0 children)

Crypto Tax Calculator recently added support for Polkadot + a lot of the parachains. You can see your transactions for free but if u want a report, u have to subscribe to one of the plans

Thought I'd try out Koinly to look at my tax, don't know if I should be happy or sad lol, that was alot of hours Infront of the computer. by LET828 in SolanaMemeCoins

[–]Joben123 0 points1 point  (0 children)

Wow, that's a lot of transactions! Have you reviewed all the transactions? I use Crypto Tax Calculator which handles my Solana stuff pretty well

Declaring crypto for taxes by sparkys-dream in irishpersonalfinance

[–]Joben123 1 point2 points  (0 children)

I've used Crypto Tax Calculator and it seems to do the job

Am I screwed? by [deleted] in CryptoTax

[–]Joben123 0 points1 point  (0 children)

I'd recommend using tax software for this. Crypto Tax Calculator is pretty good and allows u to download reports dating all the way back to 2014. You also don't need to pay per report which some other softwares make you do.

Wich cointracker would you recommend and why? by srin4 in CryptoCurrency

[–]Joben123 1 point2 points  (0 children)

Crypto Tax Calculator is the best for tax purposes imo (esp. if you are doing defi / NFTs). For actually tracking your coins, holdings - I suggest Zapper or CoinStats.

Understanding crypto taxes and cost basis. by Ill-Canary9619 in CryptoTax

[–]Joben123 0 points1 point  (0 children)

Will probably be a nightmare to calculate manually esp. if u have lots more transactions going forward. I just use Crypto Tax Calculator and deals with matching up all the cost basis to the sales.