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Author: Admin | 2025-04-28
TaxBit is one of the best options when it comes to cryptocurrency tax software platforms and its backed by some of the biggest names in the crypto investment space.New users will likely find TaxBits pricing extremely appealing as it currently charges $0 for individuals and that includes unlimited transactions unlike some of its competitors.TaxBit is also able to help enterprises who need to issue a large number of 1099s.The plan is for TaxBit to be a one-stop shop for anyone who needs help with anything related to the taxation of cryptocurrencies, and whether the customer is a consumer or a company doesn’t matter. The TaxBit Consumer and TaxBit Enterprise versions of the app are also compatible, which means all users will get a seamless experience across all TaxBit products.TaxBit users are able to automatically import their crypto trades from a wide variety of exchanges, and the level of professionalism found with this crypto tax software is hard to match. Even regulatory agencies have been known to use the TaxBit software to get a better grip on this emerging problem area for the crypto space.Let’s take a closer look at why TaxBit has gained a lot of traction in the crypto tax application ecosystem in a relatively short period of time. Read MoreRead Less TaxBit Overview TaxBit Overview Free crypto tax software for individualsUseful for consumers and institutions alikeA one-stop shop for cryptocurrency accountingVery reputable company with backing from the biggest names in crypto Cost: Free for individuals Exchanges supported 500+ (Coinbase, Kraken, Exodus and more) Pros Free for individuals (includes unlimited transactions) Works for both consumers and enterprises Supports exporting to TurboTax or preferred tax software Used by regulatory agencies Designed by CPAs and tax attorneys Cons Still a few exchanges that aren’t supported No mobile app availability Currently only works with the IRS in the United States How Does TaxBit Work? TaxBit launched in early 2021 with a fair bit of media attention because the company raised $100 million from some of the biggest names in crypto investment space.The company made a bit of a splash in the media in early 2021 due to the announcement that they had raised $100 million from some of the biggest names in the crypto investment space.The connections made with the likes of Coinbase Ventures and Winklevoss Capital helped TaxBit quickly become the defacto solution for enterprises that need to help their customers with their 1099 forms every year.TaxBit is heavily focused on providing high-end solutions to enterprise clients but the company also offers a surprisingly robust option for individuals that’s 100% free.TaxBit’s plan is to get anyone who needs to do their crypto taxes every year onto the platform, and they’ve even
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