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Title: Best crypto Tax Software for Miners? Post by: navigatrix on November 18, 2019, 07:46:15 AM I'm struggling to complete my 2018 (yes, 2018!) tax return. I've filed my crypto income and Form 8949 since 2014. I used Libra Tax, which was simple and easy to use. Just pointed them to my Coinbase account and a couple of wallets where I keep the private key.
Well, Libra is defunct now. I've looked at some online options, like CryptoTrader.tax, Beartax, and a couple of others, but they are very focused on crypto traders. Not so much for miners getting (often) several pool payments in different wallets every day. Sorting out thousands of transactions and converting them to the sites' proprietary format is taking forever. I wonder if anyone out there knows of a good site that can simplify this process. Ideally (like Libra did) it should provide not only the cost-basis trading Form 8949, but also let you get a report on income by time-frame, like by year, YTD, by month and so on. What have you found for a relatively easy way to get these reports for our good friend, the IRS? Thanks. Title: Re: Best crypto Tax Software for Miners? Post by: Koinly Robin on November 27, 2019, 05:31:22 AM You can try https://koinly.io/ it supports income reports for mining and staking.
Title: Re: Best crypto Tax Software for Miners? Post by: TimtheYoutuber on November 27, 2019, 02:53:17 PM I could create an excel document for you that would be able to track everything, but if there is a program that automates this for you then that will be extremely nice.
I'd be able to work with your 2019 transactions to help catch you up as tax time is right around the corner. I can make KPI dashboards in excel for you. |