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Developer: Denebrook Software LLC
Published: March 29, 2014
(4 reviews)

BitcoinTaxes

Calculating capital gains and income for crypto-currencies is not always straightforward, especially when you have trades, spending, income, all from various exchanges, various wallets, in multiple currencies, and for multiple coins. You'll soon see a spreadsheet is not a viable option to keep track of all these cost basis, sale proceeds and gains.

BitcoinTaxes calculates all this for you. Just import your trades, spending and income directly into our website, and we'll crunch the numbers and work out the cost basis, capital gains and income. All that is left for you to do is to fill your 1040 Schedule D with this figures. Filing bitcoin taxes is suddenly not so overwhelming after all.

Features

  • Imports trade histories from exchanges: Coinbase, Bitstamp, BTC-e, Cryptsy, Bitfinex, Bitfloor, CampBX, Kraken, CaVirTex, VirWox, LocalBitcoins, Poloniex, MtGox or CSV
  • Import spending from Coinbase, Core Wallets, Blockchain.Info and CSV
  • Import income from Coinbase, BitPay, CEX.IO, or CSV
  • Import mining income directly from addresses or CSV
  • Review and individual addresses and transaction
  • Calculate capital gains
  • FIFO, LIFO, average costing or specific identification
  • Optional like-kind treatment
  • Export CSV ready for Schedule D Form 8949, TurboTax and TaxACT
  • Fiat currencies: USD, GBP, EUR, CAD, AUD, SEK, BRL, SGD, CNY, JPY, CHF, HKD, RUB
  • Bitcoin, Dogecoin, Litecoin, and all other alt-coins
  • Reports with balances and remaining cost basis
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User Reviews

  • Very useful

    by New User – May 12, 2014

    Well, this made taxes easier! I was able to add my transactions and it showed the capital gains. Perfect!

  • Strongly Recommend

    by Jacques Reulet – May 28, 2014

    As a Coinbase employee, I use BitcoinTaxes to calculate my taxes which really helps, seeing as how I get paid in BTC. They make it as simple as it gets!

  • Useless

    by shawn – June 16, 2014

    I let the App sync with Coinbase and it imported 0 trades. I also exported my buy/sell history and pasted the file (following the directions exactly) and it imported 0 trades again. I even created an API key on btc-e.com, and again, 0 trades.

    Complete waste of time.

  • Amazing

    by Mark Smith – January 12, 2015

    I created a Coinbase account just to add this review. These guys are amazing. I've managed to import all my Bitcoin and Dogecoin transactions and it calculated it all. Well worth it.

    Ignore the guy above. I didn't select the right year the first time either, so it didn't add anything. If you choose the right year you want to import, it's fine.