I need a tool that consolidates my past crypto transactions—including swaps and staking rewards—for easier US tax reporting. Any recommendations?
hey there, i recently started messing around with a tool called koinly for my crypto tax stuff and its been an interesting ride so far. i like that it pulls in data from my exchnages, including some of those swap transactions, although i’m still figuring out how well it handles the more complex staking rewards – it kinda stumbles sometimes. has anyone else tried it or maybe found a tool that gives clearer insight for US taxes? i also heard some chatter about cointracker, but not sure if it stacks up when dealing with multiple tokens and chains. what have u guys found works best when balancing ease of use with the nitty gritty details? would love some recs or even a debate on what factors really matter in a good crypto tax tool.
hey, ive been using token tax. its not perfect but it handles my swaps and staking decently for us tax filing. im still tweaking settings so it covers all nuances. might be worth a try if u want an alternative to koinly
I have been using TaxBit for my crypto tax consolidation and it has worked out well so far. I appreciate how it imports data from various exchanges and wallets, including complex transactions like swaps and staking rewards. My experience indicates that while there are occasional manual adjustments required, the platform overall provides a clear breakdown of tax liabilities. In terms of user interface, it is straightforward, making it easier to export data for my tax filings. The ongoing updates and responsive support have been significant advantages in my workflow.