Cryptocurrency TaxesCrypto Tax FilingCrypto Platform News
CRPTM (krip-tm), a one-stop platform Crypto Marketplace, is ready to help you calculate and generate crypto tax reports in no time and become tax compliant.
In line with its mission of facilitating cryptocurrency adoption worldwide, CRPTM’s simplified crypto tax calculator is different from others currently in the market due to its simple UI and seamless integration/importing functionality.
CRPTM’s registered users have two options for importing all their transactions and generating Tax Reports:
1. Import transactions via quick upload: Users can import their past transactions via quick import functionality. The user can directly upload the transactions in any template from their exchanges or wallets in .csv format, unlike other platforms where users often have to bring the transactions into a pre-decided template which is time-consuming and not user friendly.
2. Import transactions via CRPTM format: Users can download the CRPTM pre-loaded template and fill it out with all cryptocurrency transactions. Using this basic functionality, the user will be able to immediately access their transaction via CRPTM profile and generate tax reports.
3. Connect exchanges to CRPTM: Users can easily connect all their exchanges to CRPTM Account via API Keys. This way users will not have to import the transactions, as all their exchange transactions would flow automatically to CRPTM. Post this automation, users will only have to log in to their CRPTM account to access all their real-time transactions.
1. Multi-Format Upload: As explained, users can get all their exchange transactions without any hassles in any format.
2. Pre-filled Crypto Tax Forms: During Crypto Tax filing various forms are required and you can generate any of them via CRPTM with a click. For example, Schedule D, IRS Form 8949, Schedule 1.
3. Choose your Tax Calculation method: Users can generate their tax reports using FIFO, LIFO or HIFO calculation logic. This will help users generate any kind of tax report in various formats.
4. Real-Time Tracking: You can synchronize all your transactions in CRPTM without importing them every time by connecting your exchanges to the CRPTM account via API. This is important time-saving functionality for regular crypto users.
5. Tax Analysis: CRPTM not only generates tax reports for you but also equips you to conduct tax analysis. The tax analysis dashboard will bring all your transactions to help you analyze your capital gains/losses, donations, income, gifts, and more. You will be able to track historical transactions and tax forms to derive insights as well.
6. Advanced Filters: Meaningful filters are provided to help users drill down to specific records or datasets quickly. For example, Date, Currency, Accounts, etc. These filters are available to filter out transactions, tax reports, tax analysis records, etc.
7. Pocket friendly: Users can choose the best suited plan for themselves.
“Being an Avid crypto trader, I invested in multiple cryptocurrencies but when I started looking into taxes, I found it hard to understand Crypto tax filing. There were distinct types of transactions, associated taxes, and a lot of manual work associated with managing Crypto taxes. Coming from a Business Automation background I wanted a simplified Crypto platform with less/no manual work, and I noticed many flaws in existing platforms that motivated me to go with CRPTM. CRPTM offers a simplified solution with simple exchange and wallet integration helping me generate tax reports with a click. Tax filing is not tedious anymore,” says Sanjeev, a key investor in CRPTM.
CRPTM is on a mission to facilitate Crypto adoption by providing specialized solutions through a range of services. They aim to familiarize their users with new, easy, and simple ways of tax filing, currency exchange, investment recommendations, and much more, using Cryptocurrency.
CRPTM has deciphered, decoded, and mastered the encrypted crypto market formula to help propel their services further to benefit their users, and achieve newer heights of success in the Cryptocurrency Market.
“I am a proud Blockchain enthusiast, following blockchain and crypto market since 2017, I noticed that there are a lot of problems and complexities that need to be solved, and systems need to be matured to make a path for Crypto Currency adoption. I was looking for easy and simplified solutions. Existing platforms were too complex to be adopted and so I founded CRPTM. CRPTM aims to be a one-stop Crypto marketplace that will provide simplified usable crypto trading-related solutions. I worked with the team to design CRPTM to be simple enough that it can be used by all types of crypto users from first-timers, individuals, small, medium, large, enterprise-level to advanced users,” says Shrey, founder of CRPTM.
To learn more about CRPTM and receive regular updates, visit CRPTM’s official website or subscribe to its social media handles on Facebook, LinkedIn, Twitter, and Instagram.
Contact:
Vandana Kamal
Product Head
[email protected]
