EY Blockchain Analyzer: Tax Calculator
As part of the EY Blockchain platform, Tax Calculator is a web-based solution where individuals can easily calculate capital gains/losses from trading cryptocurrencies and produce US tax Form 8949.
What EY can do for you
Tax Calculator is a web-based solution where individuals can upload transactions to download a Form 8949, which is used to calculate capital gains/losses from trading cryptocurrencies for US tax returns. It connects directly with multiple exchanges, allowing users to insert API keys and/or upload exchange-formatted CSV files. Individuals can also insert cryptocurrencies from transactions related to mining and staking rewards to include in their basis for future sales of that cryptocurrency.
Features of the solution include:
- Calculates capital gains and provides compliance for purchases and sales of cryptocurrencies
- Produces a draft Form 8949 for review and inclusion in tax return
- Allows for the inclusion of basis tracking for mining and staking type rewards on cryptocurrencies.
