Your Trusted Crypto Tax Partner

CryptoTax is the leading cryptocurrency tax calculation service that helps traders, investors, and businesses accurately calculate their tax obligations while maximizing potential savings. Our advanced algorithms and comprehensive understanding of IRS regulations ensure you’ll save 20% more on your tax liability compared to other services.

Why Choose CryptoTax?

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Maximum Tax Savings

Our proprietary algorithms identify the most tax-efficient calculation methods, saving you 20% more than competitors on average.

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Multiple Cost Basis Methods

Support for FIFO, LIFO, Average Cost, and Specific Coin Identification methods to optimize your tax strategy.

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Secure & Compliant

Bank-level security with full IRS compliance. Your data is protected with enterprise-grade encryption.

Understanding Cost Basis Methods

The IRS provides different methods for calculating cost basis depending on your trading strategy and tax goals. Each method can significantly impact your tax liability:

First In, First Out (FIFO)

Default IRS method – sells oldest coins first

✅ Benefits

  • Simple to understand and implement
  • Minimal record-keeping required
  • IRS default method – widely accepted
  • Automated calculation process

⚠️ Drawbacks

  • Less tax-efficient for most traders
  • No control over which assets are sold
  • May result in higher tax liability
  • Cannot optimize gains/losses

Average Cost Method

Calculates average cost across all holdings

✅ Benefits

  • Smooth out price volatility
  • Even distribution of gains/losses
  • Automated calculation
  • Good for mutual fund-style investing

⚠️ Drawbacks

  • Limited control over tax outcomes
  • Cannot select specific coins
  • May not be most tax-efficient
  • Less precise than other methods

Specific Coin Identification (SpecID)

Select exactly which coins to sell for maximum optimization

✅ Benefits

  • Maximum control over tax outcomes
  • Can minimize gains or maximize losses
  • Most tax-efficient method available
  • Strategic tax loss harvesting

⚠️ Drawbacks

  • Requires detailed record-keeping
  • More complex to manage
  • Manual selection required
  • Need accurate transaction history

How CryptoTax Maximizes Your Savings

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Smart Algorithm Analysis

Our AI analyzes your entire transaction history to recommend the most tax-efficient method for each trade, potentially saving thousands in taxes.

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Tax Loss Harvesting

Automatically identify opportunities to offset gains with losses, reducing your overall tax burden while maintaining your investment strategy.

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Complete Documentation

Generate IRS-compliant reports with detailed transaction records, cost basis calculations, and supporting documentation for audits.

Ready to Save 20% More on Your Crypto Taxes?

Join thousands of smart crypto investors who trust CryptoTax for maximum tax savings and IRS compliance.

Get CryptoTax Now