Since the emergence of blockchain technology, TokenTax brand formation helped virtual currency holders to pay their crypto taxes through high-end software. You get the major crypto exchanges to incorporate the data into the system to get the relevant reports. The best part is you can purchase the software at a very low price using TokenTax Coupon Code that will help you get the best deal on different software plans. The value of the cryptocurrency or bitcoin started rising exponentially for quite some time thereby creating a huge amount of interest among the people who were following the developments. As a result, many of them started procuring bitcoins with the idea of making substantial profits by selling the coins when their values reach their peaks. But most of the nations were not ready for a long time to accept these coins as a means of payment fearing possible adverse effects on their actual currencies. In 2014, the Internal Revenue Service (IRS) of the USA accepted the importance of cryptocurrency laying out guidelines on how to tax its holders. \n
What is TokenTax?
TokenTax is a premier software developed by TokenTax LLC, a privately held company for the bitcoin users to manage their cryptocurrency. It does not only calculate their crypto taxes but it also suggests which virtual coins are to be sold to minimize the taxes. It also helps investors file their returns. TokenTax is applicable globally. You get the software that supports every currency.
Why do you need TokenTax?
Crypto Tax Reports: Your Form 8949 is automatically created from the trading history that is assessed from the data you incorporate. You can attach this form with your tax return statement or export it to the TurboTax software for filing taxes. Margin Trading Taxes: TokenTax provides tax support for crypto margin traders like BitMEX, De ribit, Bybit, Kraken, Liquid, Bitfinex, and Poloniex calculating taxes automatically. Tax Loss Harvesting: You can evaluate the capital gain/loss and tax liability for each transaction to be sold off to minimize the crypto tax. Tax Professional Suite: You can reconcile transactions for multiple clients and prepare tax forms for all of them.
TokenTax Products & Pricing:
TokenTax products are Crypto Tax Software, Margin Trading, Tax Loss Harvesting, and Tax Professional Suite sold in bundles under four price plans named Basic, Premium, Pro, and VIP for calculation only, and under three price plans viz. Bronze, Silver, and Gold for full tax filing. The TokenTax cost along with the major plan features are as under: Basic: Up to 500 Transactions Valid for Coinbase, Coinbase Pro, and Binance only Price - $65 / Tax Year Premium: Up to 5,000 Transactions Support for Every Exchange Price - $199 / Tax Year Pro: Up to 20,000 Transactions Support for Every Exchange All Margin Exchanges Supported FBRAR Included Price - $799 /Tax Year VIP: Up to 30,000 Transactions Support for Every Exchange All Margin Exchanges Supported FBRAR Included CPA Help IRS Audit Assistance Price - $1,499 / Tax Year
Other Plans Include
Bronze: Up to 5,000 Transactions Up to 4 Tax Forms 1 State Return FBRAR Filing Price - $499 / Tax Year Silver: Up to 5,000 Transactions Up to 10 Tax Forms 2 State Returns FBRAR Filing Price - $699 / Tax Year Gold: Up to 30,000 Transactions Up to 10 Tax Forms 2 State Returns Support for Every Exchange All Margin Exchanges Supported FBRAR Filing IRS Audit Assistance Price - $1,999 / Tax Year Since the prices of the plans are on a higher-end, numerous sites offer TokenTax.co Coupons in association with TokenTax LLC and provide huge discounts. Each of these coupons contains a TokenTax Discount Code, which is needed to be applied during buying for availing the benefit. As a marketing strategy, TokenTax LLC also ties up with some organizations at times to provide such coupons. When a customer buys an item from an organization, he/she gets a TokenTax Promo Code bearing coupon that helps avail TokenTax software at a reduced price. You May Also LikeBrad Callen Review 2020
Conclusion
TokenTax is a specialized software built for the virtual currency users for the calculation of crypto taxes and filing of returns. It works for all crypto exchanges and in all countries regardless of what the currency is. So, it is globally acknowledged as a leading software for the determination of crypto taxes and associated returns. And it has revolutionized the use of cryptocurrency in the world as the virtual currency holders can now use them in their businesses confidently. Again, do not forget to apply the updated TokenTax Coupon Code to get the best price on all orders.
