Bitcoin.Tax

Bitcoin.Tax is a web-based cryptocurrency tax calculator and reporting service for individuals, active traders, and tax professionals. It suits users who need multiple cost-basis methods and filing exports, provided they stay within transaction quotas and carefully review imported data.

Overview

Bitcoin.Tax converts cryptocurrency transactions into capital-gain, loss, and income calculations, then produces reports and tax-form files. Founded in 2013 by Colin Mackie’s CoinsTax LLC in Seattle, it supports the United States, Canada, United Kingdom, Germany, Australia, and Japan, plus a tax year beginning January 1. That breadth helps users with nonstandard filing calendars, although jurisdiction support does not replace local tax advice.

Key features

The service calculates gains, losses, income, donations, margin-trading activity on Kraken, closing balances, net profit or loss, and cost basis. FIFO, LIFO, average costing, specific identification, and optional like-kind treatment give users meaningful control over accounting treatment. This is valuable for investors whose accountant requires a particular method, but every method depends on complete and correctly classified records.

Bitcoin.Tax imports exchange trade histories, spending, ordinary income, mining income, and Kraken margin trades, with CSV import for unsupported workflows. It reports 23 import sources and supports DeFi and NFTs, making it more suitable for mixed portfolios than a basic exchange-only calculator. The support page warns that margin trading is not completely supported and can produce incorrect values, so leveraged traders should treat those results as a starting point for review rather than an automatic filing.

US users get a Safe Harbor tool for moving full or partial lots and their cost basis between accounts. Specific-unit and global-allocation methods address different record-keeping situations. Exports include IRS Form 8949 as PDF or an attachable statement, Schedule D, CSV, TurboTax TXF, TaxACT, H&R Block, Drake, and CCH formats. Accountant and tax-firm packages add client management and calculations alongside Drake and CCH reports.

Support consists of a knowledge base, video library, and contact channel, with a stated aim of replying within two business days; peak periods can take longer. The privacy policy says information is not sold without permission, while allowing sharing with hired affiliates or third-party service partners under stated obligations. Terms also place responsibility for data suitability on the user: the service does not verify that received or generated cryptocurrency data is accurate or fit for filing.

Pricing

Bitcoin.Tax uses one-time purchases billed per tax year rather than a recurring subscription for its paid individual tiers.

Plan	Price	Transaction allowance and support
Free	free	Up to 20 trading transactions; all standard features; community support
Premium	$59.95, paid once	Up to 1,000 trading transactions; all standard features; email support
Premium Extra	$74.95, paid once	Up to 5,000 trading transactions; all standard features; email support
Deluxe	$124.95, paid once	Up to 10,000 trading transactions; all standard features; email support
Trader (50k)	$169, paid once	Up to 50,000 transactions; all standard features; email support
Trader (100k)	$259, paid once	Up to 100,000 transactions; all standard features; email support
Trader (250k)	$339, paid once	Up to 250,000 transactions; all standard features; email support
Trader (500k)	$479, paid once	Up to 500,000 transactions; all standard features; email support
Trader (1M)	$679, paid once	Up to 1,000,000 transactions; all standard features; email support
Trader (unlimited)	Custom pricing	Unlimited transactions; all standard features; dedicated hardware; priority email support

The Free tier is practical only for very small histories. Premium is the sensible baseline for a return with up to 1,000 trades; larger tiers buy headroom without removing the need to reconcile records. Unlimited is aimed at exceptionally high-volume users who need dedicated hardware and priority email support.

Platforms

Bitcoin.Tax runs on the web. It supports DeFi and NFT records and lists six jurisdictions, with tax-form exports spanning consumer and professional desktop software.

Who it's for

Choose Bitcoin.Tax if you want broad import coverage, several cost-basis conventions, Safe Harbor allocation, and direct exports to common tax programs. It is also a strong fit for accountants handling multiple clients through professional packages. Small investors with fewer than 20 trades can start free, while active traders should match their history to a paid quota before buying. Users whose returns depend heavily on Kraken margin trading, or anyone unwilling to audit source data, should look elsewhere or involve a tax professional.

Pros and cons

Pros

• Five cost-basis approaches, including specific identification and optional like-kind treatment, support different accounting policies.
• Imports cover exchange activity, spending, income, mining, CSV files, DeFi, NFTs, and 23 sources.
• Form 8949, Schedule D, CSV, consumer tax-software, Drake, and CCH exports reduce manual transfer work.
• Safe Harbor allocation tools help US users move lots and basis between accounts.
• Paid plans scale from 1,000 to 1,000,000 transactions, with an unlimited custom tier.

Cons

• The free plan allows only 20 trading transactions, so active users quickly need a paid tier.
• Margin trading is not fully supported and may generate incorrect values.
• Terms do not verify data accuracy or filing suitability, leaving reconciliation responsibility with the user.
• Community support is limited to the free tier, while paid users rely on email that may slow at peak times.

Alternatives

For a broader comparison, see the Crypto Tax Software list.

Blockpit is the better choice if Android and iOS apps, web access, a free portfolio tracker, or source-of-funds reports matter.

Coinpanda suits users wanting mobile apps and a free allowance of 25 transactions per tax year, with a paid Hodler tier billed annually.

CoinTracking is worth considering for Android, iOS, web, API access, and a seven-day unlimited-import trial.

rotki is the alternative for Linux, macOS, Windows, or self-hosted deployment, with a free allowance of 1,000 recent events.

Koinly fits users seeking mobile apps, web access, a free tier with 10,000 transactions, and unlimited wallets or exchange accounts.

Waltio is preferable for iOS and web users who want unlimited exchanges and wallets in its free tier.

Awaken Tax offers a web-based freemium alternative with a Minnow plan capped at 100 transactions.

CoinLedger is an option for web users wanting unlimited exchanges and wallets in its free portfolio-tracking plan.

Verdict

Bitcoin.Tax is a capable choice for investors and tax professionals who value cost-basis flexibility, extensive exports, and transaction tiers that scale to very large histories. Its main reasons to look elsewhere are the unresolved margin-trading limitation and the explicit requirement that users verify data accuracy before filing.