YaxReturns

Calculate your cryptocurrency capital gains and taxes

4.4/5
About

YaxReturns is a must need for anyone trying to make sense of crypto tax returns this year.

Would you recommend this product?

It integrates with most exchange and does so much of the calculation automagically for you. I was dreading having to figure all of this out. Coinbase already reports all my data to the IRS so paying taxes is an inevitability in Crypto now. Yax is there to help in a big way.

Pros:

Makes a complicated task MUCH easier!

Cons:

none, this product is one of a kind and leading the industry

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Kudos to YaxReturns for pioneering solutions to the complexity of digital currency.

Pros:

A necessity in the world of digital currency.

Cons:

Wish I had it sooner.

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CEO - Cointaxes

ETH https://gyazo.com/7056ab908420d4...

LTC https://gyazo.com/5485352d4fcdfe...

I'm not sure what went wrong here and if I didn't know better (I have my own tax preparation business), I wouldn't know the calculations are wrong. Plus its $150+ to fix the transactions manually.

Ultimately, I want to see YaxReturns succeed because consumers NEED to have easy-to-use tax solutions for digital currencies in order for blockchain to be a globally accepted means of transacting. When the platform has been patched, I'd be happy to update my review.

BTC seemed fine. https://gyazo.com/d107e11986b328...

Pros:

Very easy to hook up with the exchange APIs.

Beautiful website.

Cons:

BEWARE: Double check data. My ETH & LTC transactions have bad data: either the cost basis was estimated at $10k+ or $0. (screenshot below)

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Founder of YaxReturns
Hey @chris_caris_kovalik, thanks a ton for the feedback! I totally agree, tax solutions and other infrastructure are going to be crucial if crypto is ever going to become stable and legitimate. The issue with your ETH and LTC transactions has been identified, and we have a patch coming for you. There were some changes in the Coinbase API where data was reformatted in recent versions. Thanks for pointing this out though, finding solutions for everyone's unique tax situations is going to be an evolving problem set and it's great to see you're hunting for solutions as well. I'll keep you posted on the fix.

I've been procrastinating on dealing with crypto taxes. Yax makes this much less painful.

Pros:

Solving a big problem with a slick solution.

Cons:

None yet.

Saved me a bunch of time on my crypto taxes this year. Definitely recommend.

Pros:

Very easy to use. Great time saver.

Cons:

Haven't found any yet.