TaxBit Reviews and details

Social recommendations and mentions

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

  If I use the information generated by TaxBit.com, then will I be audited by the IRS, and if so, which side the IRS will side with? Source: about 1 year ago

• Tax Forms

  Hi there, thank you for visiting our sub! We unfortunately don't have the option to mail the tax forms, but they can be downloaded and printed out directly from the app. In addition, we don't generate tax forms for your Crypto account, but we do provide the CSV file with all of your transactions for the calendar year. To help with reporting your Crypto gains and losses on your taxes, we've partnered with TAXbit.... Source: about 1 year ago

• Is it legal for US persons to buy or own $IMX?

  Yes, you can own IMX in the US. Use cointracker.io or https://taxbit.com/ to track your transactions and taxes due for the US. Source: over 1 year ago

• Monthly subscription Tax company failed to file my taxes on time and forces me to stay paying 6 more months

  That's ridiculous. You should have signed a contract before handing over your files. If you were going to end up filing your taxes by yourself even after hiring their services, don't you think you should have tried tax tools? That could have saved your time, money, and energy. There are a lot of tools out in the market like TaxBit and Cointelli and pretty much easy to use. I can't give any particular advice to you... Source: almost 2 years ago

• Need Help regarding Crypto Tax

  Hey! This is a great article that breaks down the Crypto Tax as a whole and the current laws in the US. TaxBit makes crypto taxes super easy and they have a free plan option for you to try it out first before downloading your tax forms. I used it this year for my taxes and saved myself so much time! Source: almost 2 years ago

• Concerned about my taxes.

  I've generated Form 8949 using https://taxbit.com/. BlockFi and Coinbase doesn't spit out tax forms. Source: about 2 years ago

• Question Regarding BAT and Uphold

  So, I used taxbit.com to import it, changed all the "transfer in" to income. I rather pay more taxes than not. Source: about 2 years ago

• TURBOTAX - Automatic Import Issues

  I have the same problem because cost basis is * So... I went to taxbit.com and sync with Uphold. Then change all the Transfer In to Income. Source: about 2 years ago

• Does anyone know if we have to create a ftx.com account at some point?

  I can get the API read only keys from Blockfolio but the tax software won't recognize it. Theres no blockfolio option only FTX.US and my login doesn't work there as its separate still. I got a csv file from taxbit.com but the tax software (TurboTax) gives me an error when I upload it every time. I changed the csv formatting costing me 3 hours of my life and it still gives me an error. Source: about 2 years ago

• TurboTax and Koinly. Turbotax wants manual review of every transaction.

  I used the bitcoin.tax format (I use taxbit.com) and the headers in the csv were:. Source: about 2 years ago

• Goal: buy at least $5 worth of hbar per day 👍🏻

  I recommend checking out some crytpo tax services. koinly.io, taxbit.com (this one is free if you only use exchanges that are a part of their free service), or cryptotrader.tax. the end amount and the number of transactions doesn't matter. it's the number of transactions that you might have to manually deal with that matters. Source: about 2 years ago

• No Crypto in TurboTax Premier.

  Yeah, I've since confirmed through other Reddit threads (no thanks to Intuit) that the Desktop Version does not have Crypto functionality. I'm looking into taxbit.com which is free as long as you use imports within their network. I'm not sure if you can import CSVs on the free plan. You might check to see if their network includes AnchorUSD. They generate an 8949 which you can then import into turbotax. I... Source: about 2 years ago

• Need some help with my crypto taxes in 2022.

  i'm learning my self, but here's what I would checkout: koinly.io or taxbit.com. Source: about 2 years ago

• Is there any road map for an API?

  Somewhat related.... taxbit.com works with BlockFi if it can save you any trouble. No manual uploading required. Source: over 2 years ago

• Crypto Tax

  I heard of a site called https://taxbit.com. Source: over 2 years ago