If you sold crypto in 2021 for a gain, you need to report the income. However, the crypto brokerages won’t give you a tax form with all your gains and losses like a usual brokerage does. You are on your own with crypto. You will have to give your information to some kind of crypto tax calculator and let it use the crypto brokerage’s API to give you a tax form that can be used when filing taxes.

Call Moontree Tax Service to file your taxes.

There are two ways to get your transactions into these crypto tax calculators:

1. you connect your brokerage accounts to the calculator and give the calculator read access to your data

2. you download a csv file of your transactions from your crypto brokerage and then you upload the file into the crypto tax calculators.

Once these crypto tax calculators give you the tax form you need, Form 8949, you can then take the form and give it to your accountant or use it with turbotax.

Usually regular brokerages like fidelity or e*trade will send 1099-b that has all your short term and long term gains that you need to report on your tax return. Crypto brokerages like coinbase or binance do not give these and you will have to pay for crypto tax calculators.

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