TaxBit brings all of your cryptocurrency transactions and balances from your exchanges and wallets into one place. We then run those transactions through our TaxBit engine (which was built by CPAs, tax attorneys and developers), and calculates the cost basis and corresponding gains or losses on every transaction. We provide a full-audit trail so that users, accountants, and auditors can drill down into any transaction to see exactly how the gain or loss was calculated. From here, you can then download your required IRS 8949 tax forms from within your account!
We've also recently begun to build out additional tools that will help you track your portfolio (and even decide which assets you should sell when!), such as the Tax Optimizer!
Wondering what sets TaxBit apart? Why should I choose TaxBit breaks down the efforts that TaxBit has made to ensure that we provide you the best experience, in the crypto-tax industry.
Have additional questions? Feel free to check out articles from the rest of our knowledge base!
Still have questions? Please reach out to us directly using the in-app Support widget in the bottom-right of your screen, or email email@example.com, and we'd love to help you out!