We always recommend working with a qualified crypto accountant for managing your cryptocurrency assets, business, or tax liability. If you’d prefer to go the software route for tracking your portfolio, there are a few great cryptocurrency accounting software options out there.
Here are some crypto portfolio managers to consider (in alphabetical order):
Accointing
“Accointing provides an insightul dashboard, available in both mobile and desktop to keep track of your performance and transactions in real-time with an amazing user experience.”
https://www.accointing.com/
Blockpit
“Real-time monitoring of portfolio development”
https://blockpit.io/
Blox
“Manage & track your cryptocurrency portfolio with pro tools and advanced management features like auto-sync for exchanges and wallets, and daily snapshots of your balance and activity.”
https://www.blox.io/
CoinTracker
Accurately tracking the investment performance and taxes of your crypto assets is complicated. You connect your exchanges & wallets, and we do it for you.
https://www.cointracker.io/
CoinTracking
CoinTracking analyzes your trades and generates real-time reports on profit and loss, the value of your coins, realized and unrealized gains, reports for taxes and much more. With the prices for 10,260 coins and assets, you’ll always have a complete overview.
https://cointracking.info/
Koinly
“With Koinly you can import your ETH, BTC, Tezos and other transactions directly from the ledger, sync all your exchange trading history in one-click and get a ready-to-file tax report — all in a matter of minutes!”
https://koinly.io/
ZenLedger
“Easily track your crypto trades, see your profits, and never overpay on your taxes again.”
https://www.zenledger.io/
Engaged in crypto as a business? Business trading cryptocurrency assets? Business in blockchain support technology?
How to Report Cryptocurrency Gains and Losses on Your Tax Return
- Form 8949
- Schedule D
- Form 1099-B
Form 8949, which reports sales and exchanges of capital assets. On this form, you’ll report gains from sales or exchanges of your Bitcoin (or other altcoins).
You will also need a Schedule D and Form 1099-B, which brokerages provide to taxpayers. Schedule D is where you’ll report gain or loss transactions. There are additional forms you may need.
Read our full blog on how to report crypto on taxes and what forms to use
Cryptocurrency is also known as Bitcoin, virtual assets, Litecoin, Dogecoin, Ethereum, Monero, Ripple, Steam, IOTA, NEO, and others. Purchasing and Trading of cryptocurrency can occur at exchanges such as Coinbase, Kraken, Gemini, Bisq, Binance and others.
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