Independent Reserve Integrations

Simplify your tax reporting process with Koinly, a tool designed to ensure accuracy and reliability; just link your exchange accounts or public addresses, and Koinly will handle the calculations of your capital gains, ultimately producing a tax report ready for the next filing season. The final report provided is approved by tax agencies, making it straightforward to print and submit. Koinly offers a comprehensive accounting and tax reporting solution tailored for cryptocurrency enthusiasts, investors, and accountants alike. With an impressive range of over 700 integrations, Koinly is compatible with upwards of 400 exchanges, 100 wallets, and more than 170 blockchains, enabling users to maximize their cryptocurrency capital gains effectively. You can consolidate all your transactions in one convenient location, eliminating the hassle of switching between various wallets and accounts. By easily syncing your data with Koinly, you gain a clear overview of your entire trading history. Tracking your cryptocurrency assets and associated tax obligations is effortless, as you can monitor your total holdings and portfolio growth over time across all your wallets and exchanges, alongside your tax responsibilities. Additionally, Koinly equips you with tools to identify and resolve any discrepancies in your transactions, helping to eliminate the headache of unexpected gains and erroneous tax reports. With Koinly, you can confidently preview your capital gains and tax obligations for free before generating the necessary tax documentation.

CoinLedger, formerly known as CryptoTrader.Tax, streamlines the process of managing your cryptocurrency taxes and bitcoin transactions efficiently. By connecting your exchanges, you can easily import your trades and generate a tax report in just minutes. With the API import tool, you have the option to either import trades directly or upload your trade history file effortlessly. The platform is designed to work seamlessly with all major exchanges, ensuring a quick and hassle-free experience. You can incorporate all your cryptocurrency income sources for the tax year, as CoinLedger accurately calculates your gains from mining, staking, and airdrops. Utilizing the same methods as tax professionals, CoinLedger assesses your tax liability, providing confidence that you are not overpaying and that your obligations are minimized. Once your calculations are complete, you can download the necessary IRS forms to file your taxes, share them with your accountant, or easily import them into tax software such as TurboTax or TaxAct. In partnership with a leading tax preparation platform, CoinLedger simplifies the process of E-Filing your crypto gains and losses alongside your entire tax return. Additionally, you can generate detailed reports on your crypto gains, losses, and income in any currency, which can be utilized to accurately fill out the appropriate tax forms for your specific country. This comprehensive approach ensures that users are well-equipped to navigate the complexities of cryptocurrency taxation.

CoinTracking provides a comprehensive analysis of all your trading activities, delivering real-time insights on profits and losses, coin valuations, as well as both realized and unrealized gains, alongside detailed tax reports and additional relevant data. With access to a complete overview of prices for over 9,041 different cryptocurrencies and digital assets, users can effectively monitor all transactions in real time, making it suitable for both novice and experienced investors in the digital currency space. If you're just beginning your journey with CoinTracking, our 16 instructional videos will guide you through every function and setting available. The platform features interactive charts for tracking trades and individual coins, along with detailed profit/loss and audit reports. You can view all transactions conveniently on a single page, and it supports seamless imports from over 70 exchanges. Automated data import via APIs allows for direct synchronization with the blockchain, and users can easily export their information in formats such as Excel, PDF, and CSV. The service also accommodates capital gains, income from mining, and more, offering 12 different tax calculation methods including FIFO, LIFO, and AVCO. This resource is particularly useful for accountants and tax offices, as it can be tailored to meet the regulatory needs of various countries, ensuring accurate financial reporting for your investments. With CoinTracking, you'll never lose sight of your portfolio's performance and tax obligations.

If you've participated in any transactions involving digital currencies, such as buying, selling, or earning them during a specific tax year, it's very probable that you'll need to disclose any resulting gains or losses on your tax return. Should you have any doubts about what is required of you, seeking guidance from the Inland Revenue or your tax professional is recommended. In New Zealand, digital currencies are regarded by the Inland Revenue as a type of property. Their cryptocurrency taxation guidelines dictate that you must evaluate profits or losses based on the First in First Out method, with values converted to New Zealand Dollars at the time of each transaction, even when dealing with various cryptocurrencies. This evaluation can be intricate and may take several days to navigate, particularly if you have multiple trades. In the event that you have suffered a loss, you may be able to offset that against your income tax, which can offer some financial relief. To ease this burden, our sophisticated algorithms can automate the necessary currency conversions and accurately calculate your trading and mining gains and losses in accordance with the guidelines set by the Inland Revenue. By simply supplying your exchange records and mining addresses, we take care of the entire process, ensuring that you remain compliant and precise in your reporting. Ultimately, this allows you to concentrate on growing your investments without worrying about tax-related complications. Additionally, our service provides peace of mind by ensuring that all calculations are done accurately and efficiently, leaving you free to enjoy your ventures in the digital currency space.

Rotki is an open-source tool that prioritizes user privacy while offering services for tracking portfolios, managing accounts, and conducting analytics. It allows users to access and modify its source code, fostering a transparent environment that encourages community engagement. As a local-first application, Rotki ensures that all financial data remains encrypted on the user’s device, avoiding any external data sharing. Users can monitor a variety of cryptocurrency assets sourced from blockchains, decentralized finance (DeFi) platforms, and supported exchanges. The application provides a detailed look at users' assets and liabilities, displaying their exposure to each asset as a percentage of their total net worth. Moreover, it allows users to visualize their net worth's progression over time through various graphs. However, free-tier users are limited to viewing data from only the last two weeks. The platform facilitates connections to multiple centralized exchanges, enabling users to efficiently track their balances, historical trades, deposits, and withdrawals. In addition, Rotki offers a comprehensive overview of DeFi investments across various protocols, complete with detailed histories and profit-loss assessments, making it an ideal tool for cryptocurrency investors. Ultimately, this versatile application is designed to equip users with valuable insights into their financial choices while upholding rigorous privacy standards, ensuring that their financial journey remains both informed and secure.