How does CoinLedger work?

CoinLedger works by importing transaction data from various crypto exchanges, wallets, and DeFi platforms through API connections or CSV file uploads. It then automatically classifies transactions, calculates gains and losses, and generates tax reports based on the imported data. Users can review their transaction history, make manual adjustments if needed, and download comprehensive tax forms for filing purposes.

Is CoinLedger a secure platform?

CoinLedger employs robust security measures, including 256-bit encryption for all data in transit and storage within a virtual private cloud (VPC) with network access control lists. The platform requires read-only API permissions for exchange integrations, never accessing users' funds or private keys, and allows users to delete all transaction data and API connections from their accounts at any time.

How to use CoinLedger?

To use CoinLedger, start by creating an account and importing your crypto transaction data from exchanges and wallets. Next, review your imported data on the Transactions page, making any necessary adjustments or addressing warnings like missing cost basis. Finally, purchase and download your tax reports from the Tax Reports page, which you can then use for filing or provide to your tax professional.

What services does CoinLedger offer?

CoinLedger offers automated crypto tax reporting, portfolio tracking, and tax loss harvesting tools for individual investors and tax professionals. The platform provides integration with over 400 exchanges and wallets, supports DeFi and NFT transactions, and offers tax form generation compatible with major tax filing software. Additionally, CoinLedger offers a "Done For You" service where their experts handle data import, transaction classification, and tax report generation for users who need extra assistance.

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What is CoinLedger?

CoinLedger is a crypto tax software designed to simplify the process of calculating and reporting taxes for cryptocurrency and NFT transactions. The platform allows users to import transaction data from wallets and exchanges, automatically calculate gains, losses, and income, and generate tax reports that can be integrated with major tax preparation platforms like TurboTax and TaxAct. CoinLedger also offers robust customer support and a “Done For You” service, ensuring users can efficiently manage their crypto tax obligations with ease.

Benefits of using CoinLedger

CoinLedger offers blockchain users a streamlined solution for crypto tax reporting, automatically importing transactions from various exchanges and wallets to generate comprehensive tax reports with minimal effort. Users can save time and potentially money by leveraging the platform's tax loss harvesting tool, which helps identify opportunities to offset gains and reduce tax liability. Additionally, CoinLedger's integration with popular tax filing software like TurboTax and TaxAct, along with its support for international tax reporting, makes it easier for users to comply with tax regulations across different jurisdictions.

Pricing start from:

$49/tax season, with free features

FAQ

Frequently Asked Questions

How does CoinLedger work?
CoinLedger works by importing transaction data from various crypto exchanges, wallets, and DeFi platforms through API connections or CSV file uploads. It then automatically classifies transactions, calculates gains and losses, and generates tax reports based on the imported data. Users can review their transaction history, make manual adjustments if needed, and download comprehensive tax forms for filing purposes.
Is CoinLedger a secure platform?
CoinLedger employs robust security measures, including 256-bit encryption for all data in transit and storage within a virtual private cloud (VPC) with network access control lists. The platform requires read-only API permissions for exchange integrations, never accessing users' funds or private keys, and allows users to delete all transaction data and API connections from their accounts at any time.
How to use CoinLedger?
To use CoinLedger, start by creating an account and importing your crypto transaction data from exchanges and wallets. Next, review your imported data on the Transactions page, making any necessary adjustments or addressing warnings like missing cost basis. Finally, purchase and download your tax reports from the Tax Reports page, which you can then use for filing or provide to your tax professional.
What services does CoinLedger offer?
CoinLedger offers automated crypto tax reporting, portfolio tracking, and tax loss harvesting tools for individual investors and tax professionals. The platform provides integration with over 400 exchanges and wallets, supports DeFi and NFT transactions, and offers tax form generation compatible with major tax filing software. Additionally, CoinLedger offers a "Done For You" service where their experts handle data import, transaction classification, and tax report generation for users who need extra assistance.

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