Tax.Crypto VS Koinly

Tax.Crypto Reviews

Koinly Reviews

Tax.Crypto mentions (15)

• Are you guys taking the cash or crypto?

  You can use https://tax.crypto.com/. Source: 12 months ago

• Sent ethereum from my crypto.com account to my metamask wallet. How do I categorize this transaction?

  I'm actually using turbotax as well. The way I've been trying to do it is by going to tax.crypto.com, creating the csv by selecting turbotax as the platform, and then on turbotax, I search for the financial institution, and drag over the csv file. But it always fails for me? It cannot load the csv because it doesn't have the same headers. Source: about 1 year ago

• How are reflections reported?

  I bought some Safemoon awhile back and have nearly 5 million coins in reflections. The tax.crypto.com tax sheet is complaining about the exact number of coins I have in reflections, saying it doesn't know where it came from. Source: about 1 year ago

• Filing taxes for some BNB I bought from moonpay in 2022. I converted this to safemoon (regretfully). Moonpay has no tax documents, just transaction history. How do I file with on this information?

  Currently working with tax.crypto.com. Source: about 1 year ago

• BlockFi 1099B for Tax Year 2022 has inflated value of Proceeds

  Please note that if I input the same information in other tax software such as TaxBit or tax.crypto.com, the above example will result in zero gain. Source: about 1 year ago

Koinly mentions (306)

• Tax Question. If i buy $1000 worth of crypto and sell 50% on a double and then let the balance ride. Am i exempt from paying tax on that transaction?

  Every transaction you make with crypto is a taxable event. Even buying something with your bitcoin is a taxable event. So instead of looking at your balance, you have to look at each and every transaction and see how much you paid for the asset, how much you sold it for, and how long you held it. The ATO will also want a report on your crypto transactions, which you can get from koinly.io. That will also... Source: 5 months ago

• 48-nation bloc to crack down on using crypto assets to avoid tax

  Https://koinly.io/ is a popular recommendation here in Denmark. Denmark may have the worst possible taxation for crypto: every time you sell, use or convert your crypto, that's an event where you have to calculate your gains or losses. Gains are taxed like personal income (so up to 53% tax), but losses can only be deducted at 26% they do not offset the gains directly. A school teacher speculating in crypto ended... - Source: Hacker News / 6 months ago

• Questions about defi

  -is it possible to track swaps and trades I'm making in defi via koinly.io or another tax tracking provider? I want to take advantage of long term capital gains vs short term whenever possible. Source: 10 months ago

• I made around 90K profit from a meme coin (crypto)recently and I’m 18 years old and have no idea how to go about taxes. Please help me . Also what could I do with my profits ?

  Every trade where you go from 1 coin to another is a capital gains event. Take a look into https://koinly.io/ to calculate it for you. Source: 12 months ago

• Staked ETH Rewards on Coinbase

  I just bit the bullet and pay koinly.io to do it for me. The one thing I like about it is you can tag staked transaction (eth to eth2) as swaps so they don't show up on your taxes. It's actually free until you want them to generate a tax form for you. Source: about 1 year ago