This is not a tax consultation. A final decision and conduct must be made with a tax advisor.
In CoinTracking there are two main ways you can use it. First of all is this a portfolio tracker for all your coins. Further this portal is a tax calculator.
If you have been dealing with cryptocurrency for a long time and have a large number of different currencies and their wallets, you can quickly lose track of what is going on.
It is also possible to connect via API interface to the Exchanges in use and thus track each trade automatically.
To have an overview of everything in one portal, I have been using the portal solution Cointracking of a German manufacturer for years. Therefore you have to comply with the underlying GDPR regarding data protection.
With which asset am I in profit and with which am I a loss. With which one I have to have the profits taxed or the losses credited in my next tax return.
It is also possible to connect via API interface to the exchanges in use and thus track each trade automatically. Any realized gain or loss is calculated with the holding periods for any tax reports.
The Tax-Report is limited to 100 sales for FREE users
For most HODLers the Free Version with up to 200 transactions is sufficient.
For those who earn money by tracking crypto currencies, cointracking offers larger packages:
- Pro Version with 3.500 transaction for 10 $ per month
- Expert Version with 20.000 transaction for 15 $ per month
- Unlimited Version for e.g. daytrader for 50 $ per month
Try it yourself
Feel free an try this portfolio tracking portal for free: (Link CoinTracking)