Creating Time-Based Crypto Tax Reports with ACCOINTING.com

  • How do i create a tax report for only a fraction of the year?
  • How do i create a multi-year tax report?
  • Why would i need a tax report with custom dates?

If you’ve ever had any of these questions about time-based tax reports or tax reports with custom dates, this article is for you. In this article, we will try to answer these questions and more.

Notice

Creating a Time-Based Tax Report, like any other tax report, requires an active license. Licenses are active for 365 days since the date of purchase, and you can even get started with a basic license for FREE.


Creating the Time-Based Tax Report

Whether you want a multi-year or a fractional year tax report, you would create them in the same way. To create a tax report like this, you just need to give it a custom date. You can do so by doing the following;

  1. Go to the “Tax Report” section of your dashboard
  2. Select “Custom Dates” under the tax year.

Below is an example of what this looks like.

Example of selecting “Custom Dates” when creating a time-based tax report

Next, all that’s left is selecting your desired time frame, your desired preparation option, and set your country settings.


Use Cases for a Time-Based Tax Report

There are multiple use cases for needing to create a time-based report. While I can’t list them all, some example use cases are listed below.

  • Multi-Year Report – for recording your profit/losses for multiple year period.
  • Fiscal-Year Report – for recording your profit/losses during your chosen fiscal year.
  • Monthly Report – for recording your profit/losses for a single month period.
  • Fractional-Year Report – for recording your profit/losses made while in a different country.

As you can see there are plenty of different ways creating a tax report with custom dates can be useful.


Summary

By now, you should have a decent understanding of how time-based tax reports work and what they are used for. Just in case you skipped over the article, you just select “Custom Date” to create the report. And while there are many use cases for needing custom dates in your tax reports the most common would probably be to choose your fiscal year when recording your profit/losses.


Related posts

Germany Specific Crypto Tax Classifications
ACCOINTING.com provides the only Germany-specific crypto tax classifications. Taxes in general are not easy to...
April 12, 2021
USA Specific Crypto Tax Classifications
USA specific crypto tax classifications for 2021, in general, are not easy to understand and...
April 12, 2021
UK Specific Crypto Tax Classifications 2021
UK Specific Crypto Tax Classifications, in general, are not that easy to understand and there...
April 12, 2021