Hassle-Free IRS Crypto Tax Reporting – Form 8949 & Schedule D Made Easy
Simplify your IRS crypto tax filing with TaxMyCrypto.io. Our experts ensure accurate reporting for Form 8949 & Schedule D, integrating with top tax software like Koinly and CoinLedger. Stay compliant effortlessly!
Form 8949 Filing & Schedule D Simplified with TaxMyCrypto
Navigating IRS cryptocurrency tax reporting can be challenging, but we make it easy. At TaxMyCrypto.io, we specialize in accurate crypto tax filing, ensuring compliance with IRS Form 8949 and Schedule D. Whether you’re a casual investor, active trader, or involved in DeFi, NFTs, or staking, our expert team will review, categorize, and generate the necessary reports for a seamless tax filing experience.
To enhance accuracy, we integrate with top crypto tax software such as Koinly, CoinLedger, and CoinTracker. These tools allow us to efficiently import transaction data, categorize taxable events, and generate audit-ready reports for submission to the IRS and tax software like TurboTax and H&R Block.
Why Choose Tax My Crypto?
When it comes to crypto tax reporting, we understand that it’s not just about accuracy, it’s about strategic optimization. Our team ensures that every transaction is meticulously documented, allowing you to benefit from tax-efficient strategies without the risk of costly mistakes. Here’s why Tax My Crypto should be your go-to service provider:
IRS-Compliant Crypto Tax Solutions
We follow the latest IRS crypto tax regulations, ensuring accuracy in Form 8949 and Schedule D filings.
Expert Review & Transaction Categorization
We review your transactions, correctly categorizing taxable and non-taxable events.
Full Support for Crypto Capital Gains & Income
We handle trading, staking, mining, airdrops, play-to-earn gaming, NFT sales, and DeFi.
Seamless Integration with Crypto Tax Software
We work with Koinly, CoinLedger, and CoinTracker to ensure accurate data processing.
Secure & Confidential
Your data is fully encrypted, and we prioritize confidentiality in tax reporting.
IRS Audit Support
Our reports are IRS-compliant and provide a clear audit trail in case of IRS inquiries.
Our Services
1. Cryptocurrency Tax Reports & IRS Form 8949 Filing
- Capital Gains & Losses Calculation: We calculate short-term and long-term capital gains/losses following FIFO, LIFO, or specific identification methods per IRS rules.
- Crypto Income Reporting: We track earnings from staking, mining, DeFi lending, NFT royalties, and play-to-earn gaming.
- Form 8949 & Schedule D Preparation: We generate detailed Form 8949 reports for each crypto sale or trade, summarizing totals in Schedule D for your IRS tax return.
2. Integration with Tax Filing Software
- We ensure seamless compatibility with TurboTax, H&R Block, and TaxAct, allowing easy crypto tax return submission.
3. Transaction Review & IRS Audit Support
- Our experts review and categorize your transactions, ensuring accuracy in crypto tax calculations and providing audit-ready documentation.
How It Works – Form 8949 & Schedule D Filing Process
Step 1: Import Your Crypto Transactions
Connect wallets, exchanges, and DeFi platforms with crypto tax software like Koinly for automated imports.
- Auto-Sync via API – Securely connect supported exchanges to auto-import transactions.
- CSV/Excel File Upload – Export transaction history from exchanges and upload it to the tax software.
Step 2: Review & Categorize Transactions
Review all imports, categorizing taxable (sales, trades, income) and non-taxable (transfers, gifts, holdings) events.
- Taxable Events – Identify sales, trades, and earned crypto subject to tax.
- Non-Taxable Events – Exclude transfers, gifts, or long-term holdings.
Step 3: Generate IRS Form 8949 & Schedule D
Use Koinly or similar software to create tax reports summarizing crypto gains and losses.
- Form 8949 – Detailed report listing every taxable sale or trade.
- Schedule D – Summary of total capital gains/losses for IRS filing.
Step 4: File
Your Taxes
Use generated reports to file independently or provide them to a tax professional.
- TurboTax/H&R Block – Import reports for easy self-filing.
- Tax Professional – Share reports for expert filing assistance.
FAQs – IRS Crypto Tax Reporting & Form 8949
Form 8949 is used to report capital gains and losses from cryptocurrency sales and trades. Every sale, swap, or disposal must be recorded with details like date acquired, date sold, proceeds, and cost basis.
Schedule D is a summary of your total crypto capital gains/losses reported on Form 8949. You submit both forms with your IRS tax return if you’ve sold or traded crypto.
No. If you only bought and held crypto, it is not taxable. However, staking rewards, mining income, airdrops, and NFT sales are taxable, even if not sold.
The IRS receives crypto tax reports from exchanges like Coinbase, Kraken, Binance, and Gemini. They also require Form 1099-B or 1099-K from some crypto platforms.
Yes. Crypto losses can be used to offset gains and reduce taxable income. You can also carry forward losses to future years if unused.
You can import the reports generated by Koinly directly into TurboTax or H&R Block, making tax filing easy.
Yes. DeFi transactions like staking, lending, borrowing, and liquidity pool rewards are taxable and must be reported.
Failing to report crypto income and capital gains can result in:
❌ IRS penalties and interest
❌ Audits and back taxes owed
❌ Potential legal action for tax evasion
NFT sales and royalties are taxed as capital gains or business income. We help ensure correct NFT tax reporting with Form 8949.
✅ Step 1: Connect your exchanges & wallets to Koinly or CoinLedger.
✅ Step 2: Let us review and categorize transactions.
✅ Step 3: Generate Form 8949 & Schedule D reports.
✅ Step 4: File your taxes via TurboTax, H&R Block, or with a tax professional.
Get IRS-Compliant Crypto Tax Reports with TaxMyCrypto
Don’t risk IRS penalties by misreporting your crypto gains, losses, and income. We review, categorize, and generate audit-ready tax reports, ensuring full compliance with IRS Form 8949 & Schedule D filing requirements.