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Key TakeawaysÂ
- TaxBit no longer serves individual cryptocurrency investors.Â
- TaxBit users can use an alternative service like CoinLedger to report their transactions!
On September 29, 2023, TaxBit announced they will be shutting down their consumer crypto tax reporting product as of October 31, 2023. All current users will need to find a TaxBit alternative for future years of crypto tax reporting.Â
We understand how crucial it is to have a reliable partner in your crypto journey. So, as a token of our commitment to the crypto community, CoinLedger is offering former Taxbit users the opportunity to generate tax reports from years 2022 and prior for free.
You can easily migrate all of your TaxBit data to CoinLedger, generate all of your prior year’s tax documentation, and pick up right where you left off tracking your taxes and your crypto portfolio.Â
I’m an affected TaxBit user. How can I claim this offer?
If you are an affected TaxBit user whose account is being shut down, the first thing to do is to download all of your transaction data from TaxBit, ideally in CSV format. You can do this within the TaxBit platform or request your complete transaction history from their support team.Â
After downloading your data, you can claim free tax reports from CoinLedger by doing the following:
- Create a free CoinLedger account
- Import your historical transactions (either by importing your TaxBit CSV file or connecting your exchanges and wallets to CoinLedger)
- Reach out to the CoinLedger support team through the chat widget within your account, and let them know that you are a former Taxbit user (help @ coinledger.io)
- Verify you are a TaxBit user by providing prior year’s receipts or email confirmations that you received from TaxBit
- After verification, CoinLedger’s support team will unlock all of your prior year’s tax forms for free!
What’s the best TaxBit alternative?Â
Let’s break down some of the reasons why thousands of former TaxBit users have switched to CoinLedger.Â
User-friendly: CoinLedger is designed to be easy to use — even for beginner investors! The platform has 4.8 stars on Trustpilot with more than 1,000 reviews!Â
Free to start: CoinLedger allows you to import your transactions and track your portfolio for free!Â
Instantly find mistakes on your tax return: CoinLedger automatically identifies mistakes on your tax return — so that you can report your cryptocurrency transactions with confidence.Â
What is CoinLedger?
CoinLedger is the highest rated cryptocurrency tax software on the market. Today, over 500,000+ investors leverage the platform to automatically calculate their gains, losses, and income across all of their wallets and exchanges.Â
Once you’ve generated your tax forms, you can import them to TurboTax, send them to your tax professional, or file them yourself!
Frequently asked questions
- What does TaxBit do?
Currently, TaxBit provides accounting and tax services for enterprise companies.
- Is TaxBit really free?
While TaxBit once offered many free features, the platform is no longer available to individual crypto investors.
- How much does TaxBit cost?
TaxBit offers custom pricing for enterprises. Currently, the company does not have pricing plans available for individual investors.
- Is TaxBit still in business?
While TaxBit is still in operation, the company has discontinued its products for individual investors.
How we reviewed this article
All CoinLedger articles go through a rigorous review process before publication. Learn more about the CoinLedger Editorial Process.
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CoinLedger has strict sourcing guidelines for our content. Our content is based on direct interviews with tax experts, guidance from tax agencies, and articles from reputable news outlets.