If you dread filing your crypto taxes, you need Koinly now! In this article by The Crypto Merchant, find out how it can make crypto tax reporting a breeze.
No one enjoys reporting taxes on crypto. Going through every little transaction and trying to figure out which one is a taxable event—it’s downright torture!
Let Koinly do all the tax legwork for you! All it takes is one click and a few minutes of wait time to get your tax report.
Koinly can automatically import crypto trade data from an exchange or wallet and generate IRS-ready tax forms. And if you’re not in the US, it’s not a problem, as it can make reports accepted by 20+ tax agencies.
Check it out now at Koinly .
The software can help you accurately report your taxes in under 20 minutes. It is capable of calculating the capital gains and losses of complex transactions such as mining and staking. Moreover, it can consolidate trades on various exchanges and keep track of coins spread across different wallets.
“We chose to recommend this tax software to our followers, as it is the most robust of its kind,” a spokesperson from The Crypto Merchant said. “Anyone who is highly involved in crypto can benefit from its ability to zero in on any taxable event on any trade and exchange.”
With Koinly, you no longer have to waste hours downloading CSV files and inputting them into a ledger. You don’t need to format data, understand and categorize market prices, and calculate your correct tax bracket. The software is designed to work independently, as all you need to do is import all your trading data, and the software will do the rest.
You can import transactions made using Ethereum, Bitcoin, Tezos, and thousands of other coins directly from your ledger. Further, Koinly is compatible with more than 350 exchanges and 50 wallets, as well as portfolio management services.
The software’s intuitive dashboard allows you to view your capital gains and profit/loss for any tax year. It also lets you quickly scan your total holdings, ROI, growth trajectory, and realized and unrealized gains.
The system has a number of safeguards to ensure the accuracy of all tax data. These include a double-entry ledger system and duplicate handling, which prevents duplicate transactions during data importation.
Koinly is highly rated on TrustPilot, with users remarking on its ease of use and the responsiveness of its customer service team.
“The team is very supportive, helped me import my Bibox transactions, and guided me all the way. I have invited some of my friends to Koinly too, and they are thanking me,” one customer said.
Sounds too good to be true? At Koinly, you can start for free, and pay only when you are ready to download your tax reports. You don’t even need a credit card to sign up!
Stop wasting your time doing your taxes. Get Koinly today.
