I’ve spoken to the founder of CoinTracker on my podcast Mastermind.fm, so check that episode out if you’re interested in learning more about the platform and crypto taxation in general.
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They are adding full support for other countries too, so check out the CoinTracker site for the latest list. Full support is offered in US, UK, Canada, Australia, and partial support for every other country. Cointracker is seamlessly integrated with TurboTax and your accountant’s software. At any point, you can review your tax summary, and download the reports you need to file your taxes. Given that it’s still so hard to find competent accountants who understand crypto (plus it would be very expensive), it’s well worth it to pay for a tool like this that prepares everything for you. Of course, CoinTracker also calculates crypto taxes every year for you. See also: My detailed review of Cointracker If you’re a power user then there are several well-priced tiers that are completely affordable. This is the system I would have built if I had to build a tracker myself. Their support is fantastic, and best of all, everything is free for those with few transactions. They have automatic import from exchanges built-in, and the interface is very clean.
CoinTracker – 10% Off for my readersĬoinTracker is the most complete portfolio tracker on the market. Here are my favorite portfolio tracking and tax preparation tools.
to keep track of your overall investment.You need to know where you stand at all times:
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You could also be using one of the various crypto debit and credit cards, like, where for tax purposes you will need to keep track of every single purchase done with your card.Īs you can see, it is important to know your positions in an easy way, and there is no better way than to use an app or software solution. It is also important to track other crypto-related activities, for example when earning interest on your crypto through platforms like BlockFi and YouHodler. Not to mention if you’ve been dabbling around in DeFi and DEXes like Uniswap and Sushiswap. Even if you’re just buying and selling one or two different coins, you can quickly lose track of things, especially if you’re using several crypto exchanges or trading apps like Coinbase, Kraken, Binance etc. With thousands of crypto tradeable assets available, it is hard to keep track of your crypto portfolio these days.
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