TokenTax: Easy Way To Calculate Crypto Taxes For Capital Gains Income?

What Is TokenTax?

Token Tax is a platform that consists of a group of designers, software engineers, and finance experts who were tired of the system currently used to calculate and file cryptocurrency capital gains tax. For that reason, they created a platform that combines the love of design and user-experience focused engineering with unmatched tax expertise and knowledge. Since its inception, Token Tax has delivered incredible results and the team behind it believes that it’s going far to make the process of cryptocurrency taxing easy.

The Easiest Way To Manage Crypto Taxes

Token Tax is the easiest way to report cryptocurrency capital gains and income taxes, having been rated as the best platform for filing cryptocurrency taxes. The platform works with every exchange, which is a great benefit to users because Token Tax is the only crypto tax platform that supports every exchange. Every user gets the attention he/she deserves on the platform and gets all the data uploaded—regardless of how messy.

Additionally, Token Tax generates every tax that you need to properly file your cryptocurrency taxes. They include, among others:

• 8949
• TurboTax
• FBAR
• FATCA

Margin Trading

When it comes to margin trading, Token Tax is the only crypto tax platform that can correctly deal with margin trades from different exchanges such as Poloniex, BitMex, Bitfinex, and more.

Besides, using the Token Tax platform exposes users to advanced crypto taxes by Token Tax Co-founder Zac McClure. Through this, you can hear how to leverage tax knowledge in order to get the most from filing taxes on your digital assets such as Bitcoin, Ethereum, Litecoin, and every other altcoin.

International Cryptocurrency Taxes

Token Tax serves every country of the world and simply converts your data into any currency. Whether you come from South Africa, France, Spain, Portugal, Australia, the UK, or any other country, the platform will sort you. Besides, it comes with a user-friendly interface that makes it simple to use. They will do your taxes correctly, which in the end help you save money where possible. Essentially, Token Tax does the hard work so you don’t have to.

Meet The TokenTax Team

As noted earlier, the platform consists of experts that ensure everything moves on smoothly at all times.

Alex Miles (Co-Founder): Alex is a former product engineer at Dropbox. He also worked at Readmill, which was later acquired by Dropbox.

Zac McClure (Co-Founder): Zac is a former Investment banker at Chase. He also worked at Bain, Wharton MBA, as a Management consultant.

Alex Hays (Engineer): Hays is a senior software engineer. Currently he is based in Brooklyn and previously he stayed in SF and Austin where he helped in building startups.

In April 2018, Token Tax launched their Adjusted Cost Base accounting algorithm. The main benefit of using Token Tax is that it saves you time, stress, and money. The fact that it works with major exchanges makes it a preferable choice for most users.

If you would like to stay up to date with your cryptocurrency taxes, you can get started today.