CountDeFi provides cryptocurrency tax reporting and optimization tools for investors. Their platform helps users accurately calculate and file their crypto taxes while identifying opportunities to minimize their tax liability.
Funding
Funding not disclosed
Founders
Product
Problem
Calculating and reporting cryptocurrency taxes is complex due to non-standardized data across multiple exchanges and wallets, the evolving regulatory landscape, and the intricacies of DeFi transactions. Many crypto investors lack the expertise and time to accurately reconcile transactions, optimize for tax efficiency, and ensure full compliance, increasing their risk of audits and penalties.
Solution
CountDeFi provides a full-service solution for cryptocurrency tax reporting, delivering accurate, audit-ready reports through a rigorous seven-phase process. The platform normalizes and reconciles transaction data from various sources, including complex DeFi activities like liquidity pools, staking, lending, and NFTs. CountDeFi's team of crypto tax experts identifies opportunities for tax optimization, such as tax-loss harvesting, while ensuring compliance with the latest regulations in the US, Canada, and Europe. By handling data normalization, reconciliation, and tax law compliance, CountDeFi reduces the stress and risk of errors associated with crypto tax reporting.
Target Audience
CountDeFi targets cryptocurrency investors and traders, ranging from amateur to advanced, who require accurate and tax-efficient crypto tax reporting solutions to comply with regulations and minimize their tax liability.
Features
- Data normalization and aggregation from multiple exchanges and wallets
- Reconciliation of complex DeFi transactions, including liquidity pools, staking, lending, NFTs, and derivatives
- Missing transaction and data source analysis
- Tax optimization strategies, including tax-loss harvesting and inventory method analysis
- Generation of audit-ready reports, including Form 8949 and Schedule D (US) or local equivalents
- Support for various transaction types, including IDOs and OTC trades (depending on plan)
- Continuous monitoring of regulatory changes to ensure compliance