Crypto Taxes
8 min read
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Our content is designed to educate the 300,000+ crypto investors who use the CoinLedger platform. Though our articles are for informational purposes only, they are written in accordance with the latest guidelines from tax agencies around the world and reviewed by certified tax professionals before publication.

How to Report Cryptocurrency on TaxSlayer (Step-by-Step)

How to Report Cryptocurrency on TaxSlayer (Step-by-Step)

Looking to report your cryptocurrency taxes on TaxSlayer? 

While TaxSlayer is one of the best tax reporting platforms on the market, it’s important to remember that it wasn’t built with cryptocurrency in mind. As a result, some investors have trouble reporting their crypto gains and losses on the platform. 

In this guide, we’ll cover everything you need to know about crypto tax reporting on TaxSlayer. We’ll discuss the basics of cryptocurrency taxation and break down a step-by-step process to help you report your crypto transactions on TaxSlayer. 

The basics of cryptocurrency taxation 

In the United States, cryptocurrency is subject to capital gains and ordinary income tax. 

How crypto is taxed

For more information, check out our complete guide to cryptocurrency taxes

Does TaxSlayer support cryptocurrency? 

Yes. TaxSlayer allows users to report taxes on cryptocurrency transactions. 

Why can’t TaxSlayer handle my cryptocurrency transactions? 

While TaxSlayer is a fantastic platform, it’s important to remember that it wasn’t built for cryptocurrency transactions. As a result, you may encounter issues with complex transactions and wallet-to-wallet transfers.  

Luckily, there’s another way to file your cryptocurrency taxes. Crypto tax software like CoinLedger can generate tax reports that you can import into platforms like TaxSlayer in minutes. 

What’s the best crypto tax software to use with TaxSlayer? 

Interested in getting started with a crypto tax software that integrates with TaxSlayer? Here’s why more than 300,000 investors across the world choose CoinLedger. 

Integrations with exchanges & blockchains 

CoinLedger can help you save hours of time and effort this tax season. The platform integrates with exchanges like Coinbase and blockchains like Ethereum, allowing you to import thousands of transactions in minutes. 

Easy to use

We designed our platform to be easy to navigate for anyone — even if you’re not a tech or finance expert. Whether you choose to connect your wallets and exchanges automatically or upload your transactions through a csv file, the process is designed to be as stress-free as possible. 

Affordable pricing 

We believe that nobody should be left out of the crypto-economy. Anyone can get started with the platform for free, and tax reports start at just $49!

If you’re interested in getting started, download a free preview report today. 

How to report cryptocurrency gains and losses on TaxSlayer 

Here’s how you can use CoinLedger to import your cryptocurrency tax reports into TaxSlayer. 

Connect your wallets and exchanges to CoinLedger. 

Download your TaxSlayer csv file from CoinLedger. 

Navigate to Federal → Income on the left hand panel. Select the option labeled ‘Select my forms’ and click ‘Continue’.

Select my forms

From the next screen, click ‘Begin’ on the option labeled ‘Capital Gains and Losses’.

Capital gains and losses

Click ‘Begin’ on the section labeled ‘Upload Stock Transaction CSV’.

Upload stock transaction csv

Upload the CSV file that you’ve downloaded from CoinLedger. Once the import has executed successfully, click ‘Continue’.

Upload CoinLedger csv file

On the next page, you can review the transactions you’ve imported.

Review transactions

That’s the end of the process! Once you’ve completed the steps above, you’ll have a complete record of your crypto gains and losses within TaxSlayer. 

What if I have more than 500 transactions? 

Currently, TaxSlayer only allows users to upload a maximum of 500 transactions in a csv file upload.

If you have more than 500 transactions, CoinLedger can consolidate your transactions by asset type. If you choose this method, you are required to send the IRS a full record of your cryptocurrency transaction history. 

For more information, check out our guide to sending Form 8949 to the IRS. 

Get started today!

Don’t wait until the tax deadline to handle your crypto tax reporting. Get started with CoinLedger and get a head start on handling your tax obligations. 

Create a free CoinLedger account today!


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