Learn How to File Your Tax Report!

Once you have your ACCOINTING.com Tax Report select your country to find out how to file your taxes

USAUSA

There Are Multiple Ways to File Your Tax Report

File yourself
Use a tax software
File with your own accountant/CPA
Find an experienced crypto accountant/CPA

Step 1

Download Your Form 8949

After importing all your data into ACCOINTING.com we will automatically generate a Form 8949 for your crypto trade history to include in your tax return.

Download the condensed format together with the exception file here

Tax report files for USA
Form 8949

Step 2

Understand Your Form 8949

The Form 8949 contains a summary of all gains and losses you created for the tax year. This document is the basis of your tax filling and you have to file it together with your Schedule D. The following abstract explains the condensed version of the Form 8949, the calculation and the exeption file.

The gains are calculated by subtracting the proceeds from the cost basis. It contains two parts as shown in the picture below: The first part lists a summary of all your short-term trades (Figure 1) and gains and the part 2 shows all the long term trades and gains (Figure 2)

In addition to that we provide an exception file that you can use to prove every single transaction in case the governments needs more information. (The Form 8949 is also used for stock and other assets, so you may have multiple Form 8949 files)

*Don't forget to add your name and SSN to the 8949 pages (we don't ask this from you to protect your privacy).

Step 3

Enter Your Personal Data and Crypto Trades in the Schedule D

The Form8949 is used to report the sale or exchange of a capital asset. ACCOINTING.com completes all pages of your Form 8949. To proceed, please download the Form 8949 here.

Once your Form 8949 is ready you can start to complete line 1b, 2, 3, 8b, 9, or 10 of the Schedule D. You use the Schedule D to figure out the overall gain or loss from transactions reported on Form 8949 and to report transactions that can’t be included in the Form 8949. You can also carryover a loss from one year to the next. The IRS 2014 virtual currency publication and the IRS FAQ contains more information if needed.

Include your totals from your Form 8949 onto your Form Schedule D (3 and 10)

Step 4

Enter Your Crypto Income in the Schedule 1

In certain events you might have earned crypto currencies as ordinary income instead of capital gains. Examples are income from staking, mining, or interest earned.

In the first line you can answer with “yes”. Crypto that you have earned personally (not as self-employed) have to be reported in Schedule 1 in Line 8 “Other income.”

If you run a self-employed crypto mining operation you have to report your income in Schedule C.

Step 5

Complete Your Tax Return

Now that you have entered all your crypto currency gains, losses and income in your reporting files you can complete your returns.

If you want to use a tax tool to complete your tax return, you can read about different integrations here or send the files to your CPA. If you search a new CPA, you’ll find a list here.

Complete report

FAQs

You can print an unlimited amount of reports. If you didn't manage to get one right, you can just reprint it over and over again.

ACCOINTING.com follows the different countries jurisdiction in order to elaborate this report as well as we follow a very precise tax logic to create them. That being said, our recommendation is to always review your taxes with an expert in order to understand what's the best strategy in your particular situation.

Yes! You can upgrade anytime you want and just pay the difference. ACCOINTING.com will allow you to move to a higher plan from both the desktop and mobile version. We also have a "30 day money back guarantee" policy.

Yes! You'll have a free tax report with 25 transactions, but you still get to import all the information you need.

A transaction is any trade, transfer, deposit, withdrawal or movement between different blockchain technologies that take part in wallets, exchanges, brokers or any other type of crypto technology.

You can use these reports for: Tax Reporting AML FBAR Audits

You can print an unlimited amount of reports. If you didn't manage to get one right, you can just reprint it over and over again.