BLOG
/
Crypto Taxes
checkCircle
Expert verified
4 min read

TaxBit Account Shut Down? Claim a Free Tax Report from CoinLedger

TaxBit Account Shut Down? Claim a Free Tax Report from CoinLedger
TaxBit Account Shut Down? Claim a Free Tax Report from CoinLedger
info
Our Editorial Standards:
Our content is designed to educate the 500,000+ 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. Learn More
on this page
close

Key Takeaways 

  • TaxBit no longer serves individual cryptocurrency investors. 
  • 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. 

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. 

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. 

After downloading your data, you can claim free tax reports from CoinLedger by doing the following:

  1. Create a free CoinLedger account
  2. Import your historical transactions (either by importing your TaxBit CSV file or connecting your exchanges and wallets to CoinLedger)
  3. 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)
  4. Verify you are a TaxBit user by providing prior year’s receipts or email confirmations that you received from TaxBit
  5. After verification, CoinLedger’s support team will unlock all of your prior year’s tax forms for free!

What’s the best TaxBit alternative? 

Let’s break down some of the reasons why thousands of former TaxBit users have switched to CoinLedger. 

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! 

Free to start: CoinLedger allows you to import your transactions and track your portfolio for free! 

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. 

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. 


Once you’ve generated your tax forms, you can import them to TurboTax, send them to your tax professional, or file them yourself!

Get started with a free account. 

Frequently asked questions

  • What does TaxBit do?
    MinuPlus
  • Is TaxBit really free?
    MinuPlus
  • How much does TaxBit cost?
    MinuPlus
  • Is TaxBit still in business?
    MinuPlus
  • MinuPlus
  • MinuPlus
...
Claim your free preview tax report.

Join 500,000 people instantly calculating their crypto taxes with CoinLedger.

How we reviewed this article

Edited By
Sources

All CoinLedger articles go through a rigorous review process before publication. Learn more about the CoinLedger Editorial Process.

David Kemmerer
Written by:
David Kemmerer
Co-Founder & CEO

David Kemmerer is the Co-Founder and CEO of CoinLedger. David has been deeply involved with the cryptocurrency industry since 2017.

About the Author

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.

KNOWLEDGE BASE

Demystify Crypto Taxes

The Ultimate Crypto Tax Guide (2024)

This guide breaks down everything you need to know about cryptocurrency taxes, from the high level tax implications to the actual crypto tax forms you need to fill out.

Crypto taxes overview
howToHandleCryptocurency
Crypto Tax Rates 2024: Complete Breakdown

Here’s how much tax you'll be paying on your income from Bitcoin, Ethereum, and other cryptocurrencies.

Crypto tax rates
howToReportCryyptoLosses
How Crypto Losses Can Reduce Your Taxes

Crypto and bitcoin losses need to be reported on your taxes. However, they can also save you money.

How crypto losses lower your taxes
ellipseellipsecalculator

Calculate Your Crypto Taxes

  • Check
    No credit card needed
  • Check
    Instant tax forms
  • Check
    No obligations
Get Started For Free
percent
ellipseellipse
Jump to
list