ZoneBitcoin EditorialDeclare your crypto taxes clearly isn't the type of exciting activity you'd look forward to dedicating an entire day to.
The good news is that you don't have tono need to pull your hair out approaching every new crypto statement.
🤌 Let's be clear, using crypto tax software is a huge advantage. The software can save you paying a crypto tax lawyer. (However, depending on your situation, it may be necessary to consult one).
That said, for an individual, these Crypto tax software is sufficient to complete your tax return. Remember that this software will calculate your capital gains (and capital losses) automatically.
Crypto tax software prices are affordable and tailored to your situation. This turns out to be very economical. You can also be assured of being in compliance with your taxes and sleeping soundly. And, no worries about the country in which you reside! The software agrees on bitcoin legislation and cryptos in force in the country of your choice!
Here are the 5 crypto tax software the most complete and efficient way to declare your crypto taxes in France!
1. Waltio : The best known crypto-tax software
It may be one of the software crypto tax the most famous. Waltio was also one of the first to enter the French market and offer suitable software. This is true for novices or seasoned traders. To be honest with you, it's the one we use the most professionally.
It is an online platform, simple to use in fact. You can automatically calculate the capital gains and losses of your crypto assets. The platform supports most sites and platforms that are on the market. This automates your declaration optimally. You even have the famous 2086 form already pre-filled as well as the tax certificate.
🤑 Regarding the prices to use Waltio, they are very affordable. This will depend on the number of transactions. Payment is only made once a year (per fiscal year therefore).
- Crypto Connector: FREE if no transaction has been made.
- Crypto Owner Formula: €55 (<100 transactions)
- Crypto Investor: €159 (<1 transactions)
- Crypto Trader Junior Formula: €249 (<10 transactions)
- The Crypto Trader pro plan is dedicated to professional traders and businesses. This is a formula for those who exceed 10 transactions. Therefore, you must contact the Waltio team to get a suitable price.
2. koinly : One of the most affordable tax software
The site koinly stands out among the best crypto tax software thanks to its many features. Many crypto holders use it and are satisfied. We have team members who use it (individually) and love it. Koinly. You can read our article to learn more about Koinly.
Not only does this tool send you accurate reports, but it has several options for make sure you don't pay a cent more than necessary. Or to prevent you from making mistakes in your declarations (which, as we have seen, can cost you a lot of money) thanks to its excellent error checking/correction tool.
The first useful feature of koinly that you need to know about is automated data import. Since it integrates with many exchanges and wallets, iIt's unlikely that a transaction will slip through the cracks. Once the data is imported, you can track each of your transactions and quickly identify which ones generated the highest.
Its free plan supports up to 10 transactions. However, it will not allow you to download your crypto tax reports for free. For this, you will have to upgrade to paid plans.
🤑 The rates of koinly
- Free (up to 10 transactions). In this form, there is no Form 000, Annex D or other expert documents.
- Newbie (< 100 transactions) at €49,
- Hodler (< 1000 transactions) at €99
- Trader Pro (over 3000 transactions): €179
3. CryptoTax (Blockpit)
CryptoTax from Blockpit is an excellent crypto tax software that will allow you to comply with French tax laws. It is a crypto tax software which is very well known at the European level. You may like it even more if you live elsewhere in Europe such as Spain, Germany, Austria and even the United States.
Basically, it's a good crypto tax software for French people but also for expatriates.
CryptoTax supports the most popular exchanges: including Coinbase, Binance or even Kraken. You will be able to benefit from very useful features, including API and CSV import. However, the free version will not allow you toimport only 25 transactions maximum to your crypto tax return.
It is therefore one of the best crypto tax software options available to you, due to its automatic transaction classification or error checking options.
4. Coqonut: French crypto tax software
Simple and fast, this is the slogan of this French crypto-tax software. It is indeed a very good software and very easy to use.
In fact, Coqonut software can be connected with the main trading platforms and all your wallets on the blockchain. Thus, the software will automatically synchronize with all transactions carried out.
Thus, coqonut will provide you with the document automatically.
With Coqonut, as with other crypto tax software, you will be able to download your tax reports automatically. Likewise, you will have a PDF file with form 2086 that you fill out more easily.
🤑 The Coqonut rate will cost you €39,99 per fiscal year.
5. CoinTracker: For expatriates mainly
For expats who no longer live in France and have moved to America, CoinTracker may be a good option for you. Thus, it is one of the only crypto-tax software that takes NFT holdings into account.
Launched in 2017, CoinTracker was created by Jon Lerner and Chandan Lodha, two former Google employees. Furthermore, the company gained unicorn status last January. She announced its exclusive partnership with Coinbase, integrating its software directly into the crypto exchange's tax center.
CoinTracker offers four types of tax solutions covering Australia, Canada, UK and USA – with tax packages ranging from a free tax report to paid options (between $49 and $159). To complete its offerings, the crypto tax software also offers portfolio monitoring. This will provide you with precise data on your assets and will allow you to collect your tax losses or even track your NFT and DeFi transactions.
It is a software widely used by professional accountants and tax specialists. The crypto-tax software is one of the most complete and enjoyable. The only catch is that it is intended for residents and foreign citizens.
Prices range from 59 to 179 euros annually.
Final Word on Crypto Tax Software
The market for crypto tax software has logically diversified with the boom in cryptocurrencies and the new regulations imposed by many States on investors. As you would before purchasing an asset, Choosing the one that best suits your profile requires doing a little research.
We can consider ourselves lucky to have the choice today with very good crypto tax software.
Please note that it is very important to complete your tax return correctly because errors, omissions and non-declarations can be costly. With this software, you only have to pay a rate once (one payment per tax year) and you will have your declaration in accordance with the rules of the art.
What are the risks of not declaring your taxes correctly?
As is often the case with tax returns, being legal is more advantageous. It would be a shame to pay more with the sanctions. It is more economical than obeying the law.
Whether you hold accounts on many crypto trading platforms, it is mandatory to declare them. Indeed, even if you don't have any capital on it. It's the same if you registered on a foreign platform. Don't forget that Tracfin is a financial policeman who monitors everything.
Read our article: What are the risks of not declaring your crypto winnings for taxes?
The penalties for not declaring your cryptos are heavy:
- Failure to declare your account abroad: the fine goes up to €750 and €1500 for an account where the capital exceeds €50,000.
- Non-declaration of crypto-assets: There is an increase which can reach 80% and up to €2. Also, in some cases, you even risk prison.
In short, the tax code is very harsh on those who don't follow the rules. Crypto tax software will cost you very little compared to the risks…
???? In certain more complex cases, do not hesitate to consult a tax law firm. Here again, it is better to have good advice rather than moving forward without knowing. Likewise, you can take the opportunity to update yourself overall. Your assets may consist ofor, real estate, etc. and this may be a good time to sort it out.
In short, we hope that this article has helped you choose the crypto tax software that suits you best. It is always better to be in compliance with the jurisdiction of your country and not to be obliged to have a second passport...
—–
Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.
Our affiliate links:
???? To buy cryptocurrencies (simple way):
- Public chat Binance (Get 10% off)
✌️To generate interest on your cryptocurrencies:
- Public chat Youhodler (Earn up to 12% interest)
👌To secure your cryptocurrencies:
🤌 To have fun and play
- The best for Esport and Bitcoin sports betting : CloudBet
- Discover the reliable bitcoin casinos
[…] The 5 crypto tax software […]