CTC provides automated tax reporting for cryptocurrency transactions by integrating with over 1,000 exchanges and wallets to accurately categorize on-chain activities. The platform generates IRS-compliant tax reports, enabling users to navigate complex crypto tax obligations without manual data entry or guesswork.
Funding
$4.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Calculating taxes on cryptocurrency transactions is complex due to the numerous exchanges, wallets, blockchains, and transaction types involved. Manually categorizing these transactions and staying compliant with evolving IRS guidelines is time-consuming and prone to error. Many users lack a consolidated view of their crypto activity, making tax optimization difficult.
Solution
CTC provides an automated tax reporting platform for cryptocurrency transactions, simplifying compliance and minimizing potential errors. The platform integrates with over 3,500 exchanges, wallets, and blockchains to automatically import and categorize on-chain activity, including DeFi protocols and NFT transactions. CTC supports various jurisdictional reporting requirements and optimizes tax outcomes using its Least Tax First Out (LTFO) algorithm. Users can generate IRS-compliant tax reports, including TurboTax integration and Form 8949, and access detailed audit reports for full calculation transparency.
Target Audience
The primary target audience includes individual cryptocurrency investors and traders, as well as accounting professionals and firms that require accurate and efficient crypto tax reporting solutions for their clients.
Features
- Integration with over 3,500 exchanges, wallets, and blockchains for automated transaction importing
- Support for DeFi protocols, NFT transactions, staking, mining, airdrops, and ICOs
- Least Tax First Out (LTFO) algorithm to optimize tax liabilities
- Automatic identification of tax-saving opportunities
- Comprehensive suite of reports, including summary, capital gains, income, expenses, and audit reports
- Direct TurboTax integration and Form 8949 generation
- Portfolio tracking, profit and loss (PnL) calculations, and tax liability estimations
- Historical pricing data for over 300,000 cryptocurrencies, including micro-cap altcoins
- Full tax calculation transparency with detailed breakdowns of each transaction