How Does TaxBit Network Work?

The TaxBit Network is the first-of-its-kind network to provide free 2021 cryptocurrency tax forms to all users of TaxBit Network companies. Please refer to the “Add Transactions” page for a full list of all TaxBit Network companies.

Historically, the process of generating cryptocurrency tax forms cost individuals anywhere from hundreds to thousands of dollars per year depending on whether they used do-it-yourself software or enlisted an accountant. The TaxBit Network eliminates this barrier to mainstream digital asset adoption, with every user of a supported TaxBit Network company receiving free, accurate 2021 tax forms. 

The TaxBit Network provides users the ability to easily integrate their cryptocurrency exchange, DeFi, and NFT data from over 500+ sources, see their tax calculations line-by-line and aggregate tax positions, download completed IRS Forms 8949 and Income reports that are ready to upload to popular tax filing software or hand over to an accountant—all for free for users of supported TaxBit Network companies. TaxBit’s team of industry-leading CPAs and tax attorneys have certified the accuracy of tax calculations related to platforms within the TaxBit Network, including reconciling tax forms to all Forms 1099 issued by such platforms. 

Tax forms for out-of-network companies are available as part of our paid plans (i.e. Basic, Plus and Pro). These plans also include other value-adding benefits that are designed for more sophisticated investors and users who are looking for a higher level of service/support.