Cryptocurrency Tax Trackers
Index - https://steemit.com/tax/@alhofmeister/tax-blog-index
Below is a list of 4 crytpocurrency trackers that are available to help calculate potential income tax liability.
https://bitcoin.tax/ - Has the ability to calculate on a FIFO, LIFO and average costing basis. Additionally, the software has the ability to calculate under like kind exchange treatment. The necessary IRS forms are created by the software.
https://cointracking.info/ - Has the ability to calculate on a FIFO, LIFO, HIFO and LOFO basis. Generates the necessary IRS forms and simplifies reporting.
https://www.libra.tech/ - The oldest of the 4 tools with features comparable to cointracking.info and bitcoin.tax.
http://www.tokentax.us/ - One of the newest tools with the most limited features. Calculates on a FIFO basis without considering like kind exchanges.
Disclaimer
Any accounting, business or tax advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties.
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