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Getting Started with Crypto Tax Calculator
Getting Started with Crypto Tax Calculator

This is a concise introduction to CTC (Crypto Tax Calculator) to help you minimize the stress of doing your crypto taxes.

Shane Brunette avatar
Written by Shane Brunette
Updated over 2 months ago

We know crypto taxes can be a real nightmare—that’s why we built Crypto Tax Calculator. Having dealt with the same frustrations ourselves, we set out to create a tool that simplifies the process and takes the stress out of tax season. While it’s not magic, our software is designed to handle the complex stuff so you don’t have to. Let’s get started!

1. Get started for FREE

Getting started with Crypto Tax Calculator is simple and free. During your 30-day free trial, you can add accounts, sync your accounts, and review or edit your transactions without any cost.

If you’d like to access additional features, including generating accurate tax reports for up to 100,000 transactions, you can subscribe to one of our plans. For details, visit our plans and pricing and pricing model pages.

To give you peace of mind, we offer a 30-day money-back guarantee if you’re not satisfied with the product.

2. Add all accounts

Our algorithm gets smarter as you add more data. When you add more sources, including exchanges (Coinbase, Binance, Swyftx, etc.), hot wallets (Metamask, Atomic, etc.), or cold wallets (Ledger, Trezor, etc.), CTC will have a better chance of determining what you were doing and start auto-categorizing transactions.

If we don't have your entire transaction history, CTC will not be able to determine your cost base accurately. Therefore, you need to make sure you have entered any missing data, such as OTC trades. Additionally, some exchanges can have corrupt or missing data from their end. If this is the case, you will have to isolate the issue and enter this data manually. It sucks! It is also a reason to start using an exchange with good records.

Visit our Help Center for step-by-step guidance on importing all your transactions: Add Accounts and Import Transactions.

3. Use the Review page to save your taxes!

You can check and edit all imported transactions on the Transactions page. But if you want to save some taxes, check out the Review page that Crypto Tax Calculator designed and built!

Follow the prompt on the Review page or visit our Help Center for step-by-step guidance on reviewing all your transactions: Review for Accurate Results.

For more advanced crypto transaction knowledge, visit: Crypto Specific Guides.

4. Generate reports

Reports are only available for paid plans. Ensure you import and review ALL your transactions to generate accurate reports.

Visit our Help Center for step-by-step guidance on generating all your reports: Get Your Tax Reports.

You've made it!

Your reports will be ready for you and your accountant! If you have any questions or need help, we're here for you! Feel free to reach out to us via the in-app chat in the bottom-right corner or send your inquiries to [email protected]

For most users, CTC can successfully capture their complete transaction history and categorizes everything correctly. However, some users might encounter transactions needing clarification or may need to manually input missing data. In some cases, particularly for those with high trade volumes, multiple years of activity across numerous exchanges, and incomplete records (the degens! 🤝), reconciling transaction history can be more challenging and time-consuming.

If you’re facing this kind of scenario, it’s understandable for the task to feel overwhelming at first. Unfortunately, there’s no quick fix. While you could hire someone to handle this for you, professionals often can’t speed up the process significantly, and their rates can be costly.

The best approach is to tackle it systematically. Start by sorting your transactions on the Transactions page from oldest to newest, and work on correcting your history chronologically. Errors tend to compound over time, so resolving early discrepancies often fixes later issues. Take it one step at a time—progress may feel slow, but eventually, you’ll work through it.

5. Involve your accountant

If you have gone through all the help guides and still can’t figure out how to reconcile your transactions and would like to get your accountant involved, you can have them sign up with us. Once they have their accountant accounts, they can invite you, go through your transactions, and provide you with tax advice.

CTC also has partner accountants in different tax jurisdictions that can help you. Hit us up via the in-app chat in the bottom-right corner or send your inquiries to [email protected] for more information. 😀

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