CryptoTax360° makes tax reporting easy with its intuitive interface and automated tools that simplify the complicated process of managing crypto transactions.
Our platform ensures the most accurate realized gain/loss computations by maintaining transfers on an actual cost basis.
Begin your tax journey with us at any point in time without needing to track historical data since the inception of your account.
Leverage our custom reports and dedicated resources tailored for enterprise solutions to meet your unique business needs with precision and efficiency.
Simplifies complex tax calculations for capital gains, losses, and taxable events, ensuring accurate and IRS-compliant results.
Preview your capital gains, choose from multiple tax lot closing options —whether FIFO, LIFO, or HCFO & few more - with just one click.
Tracks real-time asset values and performance with detailed portfolio breakdowns across wallets and exchanges.
Consolidates transactions from multiple wallets and exchanges, eliminating the need for manual data entry.
Ensures separate tracking for multiple wallets and accounts. In case of position transfers, the original tax lot date and cost basis are maintained.
Automates tax calculations and report generation, making crypto tax filing easy and stress-free.
Access a comprehensive list of integrations with all major exchanges, blockchains, and custodians, with new integrations added regularly. Our seamless integration process is designed to make setting up new accounts easy, while offering the flexibility to upload all your transactions and optimize essential data for accurate tax filing.
CryptoTax360° employs advanced security measures, including encryption, multi-factor authentication, and regular security audits to protect your data and ensure the highest level of security.
With full compliance to IRS Revenue Procedure 2024-28, we are here to simplify your crypto tax filing and keep you compliant with the latest regulations.
CryptoTax360 is a cutting-edge platform designed to simplify cryptocurrency tax calculations and portfolio management. It securely connects with wallets, exchanges, and protocols through API integrations or manual uploads and processes transaction data seamlessly, including trades, staking rewards, and more, ensuring accurate tax reporting.
Cryptocurrency is treated as property by the IRS. Taxes are not owed when buying or holding crypto, but selling, exchanging, or using it triggers capital gains or losses that must be reported.
Short-term gains (crypto held for less than a year) are taxed at the same rate as ordinary income. Long-term gains (crypto held for over a year) benefit from lower capital gains tax rates.
Failure to report crypto transactions can lead to penalties, interest, or audits. Serious cases may result in criminal charges for tax evasion. The IRS has been increasing enforcement for crypto non-compliance.
Capital gains and losses are reported on Form 8949 and summarized on Schedule D. Staking and mining income are reported on Schedule 1, while self-employed miners use Schedule C to report income and expenses.
Yes, strategies include tax-loss harvesting, holding assets for over a year to benefit from lower long-term capital gains rates, and using specific identification methods like HIFO (Highest In, First Out) to reduce taxable gains.
Starting January 1, 2025, the IRS will require taxpayers
to
report digital asset transactions on a wallet-by-wallet basis as outlined in Revenue Procedure 2024-28.
This regulation mandates detailed tracking of transactions to ensure accurate cost basis calculations
and
compliance with U.S. tax laws.
CryptoTax360 is fully equipped to comply with these new
regulations. The platform provides wallet-level tracking, ensuring all transfers, gains, and losses are
accurately recorded.