The top answers on r/CryptoTax, r/CryptoCurrency, and r/BitcoinTaxes keep landing on the same tool. Read the threads below, then try Summ free.
r/CryptoTax
I tried a few and settled on Summ. Here's why...
I found Summ the quickest and easiest way to import transactions, review/categorize, and export accurate tax reports. The UI is simple which makes it easier to read transactions, and the more you use it, the smarter it gets.
u/bumbaklutz
3mo ago
r/CryptoTax
I just finished my taxes. I used Summ and Turbo Tax. Just glad it's over with. 🥳
u/Smart_Bluebird_7829
15d ago
r/CryptoTax
Summ is fantastic. They answer you and walk you through everything.
u/Smart_Bluebird_7829 OP
14d ago
r/CryptoTax
Congrats I guess. =) And yeah, Summ is excellent.
u/Darien_Advisors
22d ago
r/CryptoTax
Congrats! Summ is also my first choice. It will be way easier next tax season.
u/bumbaklutz
25d ago
r/CryptoTax
Also recommend Summ. I've been using for over a year now and it's been great. Let me know if you have any questions about the software/import process.
u/bumbaklutz
18d ago
r/CryptoTax
Recently used Summ with the help of u/JustinCPA. Highly recommend Summ.
u/ReserveCritical7668
5mo ago
Summ is not affiliated with, endorsed by, or sponsored by Reddit. Comments shown are public posts from r/CryptoTax. Summ provides tracking and reporting tools. We do not provide financial, investment, or tax advice.
Confidently compliant
Summ adapts to the rapidly changing regulatory landscape, and generates highly compliant reports. Rest easy knowing your business is protected, even in the event of an audit.
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Summ adheres to world-class security protocols. Our platform is SOC 2 Type 2 certified and features single sign on to keep your confidential data protected.
Official partner of CoinBase & MetaMask
As an official partner of Coinbase and MetaMask, we’re proud to offer best-in-class support for the leading ecosystems our customers love.
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Link your wallets and exchanges instantly.
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Import your transactions with a single click.
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Generate a compliant report in minutes.
All your transactions clearly grouped with your potential savings highlighted.
Track your entire portfolio, PnL and tax liability all in the same place.
Optimised interface for bulk operations with keyboard shortcuts.
See the exact breakdown of how each transaction is calculated.
Tracking and tax reporting for all your crypto assets across all exchanges and wallets.
300k+ currencies priced accurately on import, with prices for all micro-cap coins.
Quick answers to some of your most common questions.
The way cryptocurrencies are taxed in most countries mean that investors might still need to pay tax, regardless of whether they made an overall profit or loss. Depending on your circumstances, taxes are usually realized at the time of the transaction, and not on the overall position at the end of the financial year.
In most countries you are required to record the value of the cryptocurrency in your local currency at the time of the transaction. This can be extremely time consuming to do by hand, since most exchange records do not have a reference price point, and records between exchanges are not easily compatible.
You just need to import your transaction history and Summ (formerly Crypto Tax Calculator) will help you categorize your transactions and calculate realized profit and income. You can then generate the appropriate reports to send to your accountant and keep detailed records handy for audit purposes.
We always recommend you work with your accountant to review your records. If you would like your accountant to help reconcile transactions, you can invite them to the product and collaborate within the Summ web app. We also have a complete accountant suite aimed at accountants.
Summ (formerly Crypto Tax Calculator) handles all non-exchange activity, such as onchain transactions like Airdrops, Staking, Mining, ICOs, and other DeFi activity. No matter what activity you have done in crypto, we have you covered with our easy to use categorization feature, similar to Expensify.
Our subscription pricing is per year not tax year, so with an annual subscription you can calculate your crypto taxes as far back as 2013. The process is the same, just upload your transaction history from these years and we can handle the rest.
Yes, Summ is designed to generate accountant-friendly tax reports. You simply import all your transaction history and export your report. This means you can get your books up to date yourself, allowing you to save significant time, and reduce the bill charged by your accountant. You can discuss tax scenarios with your accountant, and have them review the report.
Summ has an annual subscription which covers all previous tax years. If you need to amend your tax return for previous years you will be covered under the one payment.
Summ covers thousands of exchanges, wallets, and blockchains, and DeFi apps, but if you do not see your exchange on the supported list we are more than happy to work with you to get it supported. Just reach out to info@summ.com or via the in-app chat support feature and we will get you sorted.
We do! Summ integrates with many NFT marketplaces and offers categorization options for any NFT-related activity (minting, buying, selling, trading).
Summ is free to use immediately upon signup, allowing you to import your transactions and take advantage of our smart suggestion and auto-categorization engine, portfolio tracking, DeFi and NFT support. For access to reports, the tax loss harvest tool or chat and priority support, you will need to upgrade to the appropriate paid plan.
We partner with leaders in the accounting industry to help demystify crypto compliance.
Don't waste hours combing block explorers and drowning in spreadsheets - import transactions automatically from over 3500 sources.
