Calculate Bitcoin Taxes Bitcoin, Ethereum, Dogecoin and all digital currencies Calculating capital gains/losses for Bitcoin isn't always straightforward.Do you know the cost-basis of every coin you own?Are you tracking the profits and new basis when you spend or sell?Can you work out the best way to identify your trades to optimize your taxes?Let us do it for you.Calculate Bitcoin Taxes for Free How It Works Simply import details of any Bitcoins or alt-coins you have bought or sold from one of our supported trading exchanges, add any spending or donations you might have made from your wallets, any mined coins or income you have received, and we'll work your tax position for you.You can compare using different cost-basis methodologies, including FIFO, LIFO, and average costing, as well as comparing like-kind treatment.We'll show your Capital Gains Report detailing every transaction's cost basis, sale proceeds and gain.An Income Report with all the calculated mined values.

A Donation Report with cost basis information for gifts and tips.And your Closing Report with your net profit and loss and cost basis going forward.Your Capital Gains are also ready to import directly into tax software, such as TurboTax® and TaxACT®, attach as a statement to your tax return or even print as a PDF.Calculate your Bitcoin Taxes If you are looking for a Tax Professional You can visit our new Directory of Bitcoin Tax Professionals to help find Bitcoin knowledgeable tax accountants and attorneys for tax advice, tax planning or other tax services .View the Tax Professionals Directory Features Imports trade histories from these, and more, exchanges:Coinbase, Gemini, Circle, Bitstamp, BTC-e, Cryptsy, Bitfinex, Kraken, CaVirTex, or CSV Import spending from Coinbase, Core Wallets, Blockchain.Info and CSV Import income from Coinbase, BitPay, CEX.IO, or CSV Import mining income directly from addresses or CSV Review and monitor individual addresses * Calculate capital gains FIFO, LIFO, average costing or specific identification Optional like-kind treatment Download attachable statement or IRS Form 8949 PDF, import into TurboTax** and TaxACT Multi-year support Major world currencies: USD, GBP, EUR, CAD, AUD, SEK, NOK, BRL, SGD, CNY, JPY, CHF, HKD, RUB, ILS, KRW Bitcoin, Ethereum, Dogecoin, and other alt-coins *** Reports balances and remaining cost basis Calculate tax years for US, Canada, Australia, Germany, United Kingdom or starting on 1st Jan.

Tax Professional / Accountant packages BitcoinTaxes for Tax Professionals and Accountants If you are a tax professional, CPA, or accountant firm, you can use BitcoinTaxes to import and calculate your client capital gains as well as income from mining or Bitcoin payment processors.bitcoin difficulty newsOur Tax Professional and Tax Firm packages allow your users to enter transactions on behalf of your clients, perform the calculations and then download the appropriate tax information.cours sur le bitcoinYou'll get all our available features, for an unlimited number of transactions, usable for an unlimited number of clients over each full tax year since Bitcoin started.bitcoin forecast 2013See the Tax Professionals and Accountants page for more information and to try it out.ethereum dapps list

You made a worrisome tax season into a manageable affair.game kiem bitcoinThe premium service saved me lots by using alternative tax accounting methods.ethereum memoryThanks for your hard work and excellent product!!free bitcoin rollerI'm totally impressed by your system.bitcoin to pkr converterThanks again, your support is pretty impressive!litecoin communityAlthough Coinbase cannot provide legal or tax advice, the IRS recently released guidelines for how to report taxes relating to digital currency activity.You can read them on the official IRS.gov website here: http://www.irs.gov/pub/irs-drop/n-14-21.pdf Coinbase does however provide a specialized Cost Basis for Taxes report which will help with filing your taxes.

​ This report provides a summary of your digital currency purchases and sales, showing your cost basis and capital gain/loss.We use a FIFO (first in first out) method for this report.Transactions sending into or out of your Coinbase wallet are treated as buys or sells at the current market price in this report.However, you should keep your own records for best results and update the report accordingly.For example, if you transfer funds offsite to a desktop wallet, and then back again, you would not count this as a sale of digital currency.Hopefully this report makes life a bit easier the next time you file your taxes.You can generate the report here, by clicking on "New Report" in the upper right hand corner.This report is still in beta and should be used with caution.Note that if you have any deleted digital currency wallets within your Coinbase account, they will not appear in the report generation tool.To restore them, navigate to your accounts page, select "Show Deleted" at the bottom, and then un-delete the wallet you'd like to run a report on.

Disclaimer: This report does not constitute legal or tax advice.Tax laws and regulations change frequently, and their application can vary widely based on the specific facts and circumstances involved.You are responsible for consulting with your own professional tax advisors concerning specific tax circumstances for your business.Coinbase disclaims any responsibility for the accuracy or adequacy of any positions taken by you in your tax returns.The basic long-term and short-term capital gains treatment for Bitcoin may sound simple enough; but the truth is, many speculators who have been drawn to Bitcoin's price movements are active traders who will have difficulty calculating their cost bases.If Joe bought and sold Bitcoins exclusively through third-party exchanges like Bitstamp (chief competitor of the now-defunct Mt.Gox) or hosted wallets like the San Coinbase, his transaction history and corresponding cost basis may be easier to calculate.But let's assume that in the absence of a ubiquitous U.S-trading platform in 2013, he took it upon himself to calculate the fair-market value of his cash trades through acquaintances at his local meet-up or through barter transactions with his friends or Bitcoin commerce with neighborhood merchants.

Few, if any, of Joe's counterparties are likely to have established personal or merchant accounts capable of handling this tax reporting for themselves, much less for Joe as well.Luckily, the IRS only requires that taxpayers report the fair-market value of their Bitcoin on the date that the currency was received.So as long as Joe determines his fair-market value in a "reasonable manner which is consistently applied," he has a considerable amount of leeway in determining his various cost bases.For instance, it might be fine for him to determine the fair-market value of any given purchase using that day's high price at Mt.Gox, provided that he didn't then use the daily low at, say, Bitstamp as the reference price on his sales (artificially reducing his tax liability).In theory, any fair-market value reported by a taxpayer disposing of Bitcoin should serve as the new cost basis for the new taxpayer acquiring Bitcoin; it does not matter whether the acquirer is a merchant or an individual.However, in practice there is no way to ensure consistent reporting, and many taxpayers like Joe may report conflicting cost bases that are most tax advantageous to themselves.