Cointelli provides a crypto tax software that automates the calculation of taxes for cryptocurrency transactions by integrating directly with various wallets and exchanges. This solution simplifies tax reporting for over 500,000 users, enabling them to efficiently generate accurate tax reports while maximizing potential refunds through tax-loss harvesting.
Funding
Funding not disclosed
Founders
Product
Problem
Calculating and reporting taxes on cryptocurrency transactions can be complex and time-consuming due to the need to track various wallets, exchanges, and transaction types. Many crypto investors lack the expertise to accurately determine their tax obligations, potentially leading to errors and missed deductions.
Solution
CoinLedger is a crypto tax software that automates the aggregation of transaction data from numerous wallets and exchanges to streamline tax reporting. The platform calculates capital gains and losses, identifies potential tax-loss harvesting opportunities, and generates comprehensive tax reports. Users can either file their taxes themselves using the generated reports or leverage CoinLedger's professional services for expert assistance. CoinLedger also integrates with TurboTax and other tax filing software, simplifying the process of reporting crypto gains and losses.
Target Audience
CoinLedger primarily targets individual cryptocurrency investors and tax professionals who need an efficient solution for calculating and reporting crypto taxes.
Features
- Automated transaction importing from a wide range of crypto exchanges, wallets, and blockchains
- Support for various transaction types, including trades, staking rewards, NFT sales, and DeFi activities
- Tax-loss harvesting tools to identify opportunities for reducing tax liabilities
- Generation of tax reports in formats compatible with popular tax filing software like TurboTax
- Portfolio tracking features to monitor asset prices, cost basis, and unrealized returns
- International tax reporting capabilities, supporting multiple currencies and tax regulations
- "Done For You" service where experts import and classify data to generate finalized tax reports