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CryptoTrader.Tax review: Automatic cryptocurrency tax reports

Find out how to automatically build cryptocurrency tax reports with CryptoTrader.Tax and how it compares to other options.

  • Good for generating crypto tax reports very quickly and easily, TurboTax integration
  • May take longer to add airdrops, mining income, gifts and other non-purchased cryptocurrency.

$49

Federal returns starting price

Included

State returns starting price

Details

Federal returns starting price$49
Payment optionsDebit, Pay with your tax refund

What is CryptoTrader.Tax?

CryptoTrader.Tax is a program that automatically generates tax documents for your cryptocurrency holdings.

When you finish using it, you will have the following:

  • Completed IRS Form 8949
  • Audit trail report
  • Cryptocurrency income report
  • End of year positions report
  • TurboTax online direct import

To help minimize your tax paid on crypto earnings, CryptoTrader.Tax lets you choose either LIFO or FIFO for calculating liabilities

How to use CryptoTrader.Tax

Using CryptoTrader.Tax is a three-step process.

How much does it cost to use CryptoTrader.Tax?

There are four different tiers available. The main difference between them is the number of trades supported.

The fees below are accurate as of 4 October 2019.

TierCostWhat you get
Hobbyist$49 per tax seasonUp to 100 trades
Live chat support
Pro Trader$99 per tax seaonUp to 2,500 trades
Live chat support
High Volume Trader$199 per tax seasonUp to 10,000 trades
Priority support
Unlimited$299 per tax seasonUnlimited trades
Priority support

Key features of CryptoTrader.Tax

Which reports does it offer?

CryptoTrader.Tax offers a thorough set of tax reports on completion, included a completed IRS form 8949, an audit trail report and an end of year positions report.

How do I import information to CryptoTrader.Tax?

You can directly import trading information from 28 different exchanges. For unsupported exchanges, you can download reports from the exchange and then upload these to CryptoTrader.Tax.

You can manually add airdrops, ICOs, mining revenue and similar if needed.

What exchanges does CryptoTax support?

CryptoTax lets you directly import data from the following exchanges and wallets:

In a nutshell

Pros

  • Cost-effective. CryptoTrader.Tax offers good value compared to some equivalent products, especially in the $49 for up to 100 trades tier.
  • Comprehensive tax reports. CryptoTrader.Tax saves even more time by giving you a thorough selection of completed documentation.
  • One-off payments. You probably only need CryptoTrader.Tax at tax time, so the fee comes as a one-off payment at tax time.
  • Wide exchange support. CryptoTrader.Tax supports a wide range of popular exchanges.

Cons

  • US-focused. While the documents provided are useful time-savers anywhere, some of CryptoTrader.Tax’s documents provided, such as the IRS Form 8949, are specific to the United States.

Compare CryptoTrader.Tax against other crypto portfolio tracker apps

Name Product Federal returns starting price State returns starting price Live chat?
CryptoTrader.Tax
$49
Included
Yes
CryptoTax
$39
Included
Yes
Easily import data, account for airdrops, ICOs and forks and generate compliant tax reports with this program.
BearTax
$10
Included
Yes
Connect your exchanges via API or upload your transaction reports to automatically calculate gains and losses for each trade.
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Disclaimer: This information is not financial advice or an endorsement of cryptocurrency or any specific provider, service or offering. Cryptocurrencies are highly volatile and high risk. Do your own research and seek financial advice before buying. And make sure the provider you're interested in is available in your state.

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