The IRS treats every trade as a taxable event. Every buy, sell, and swap needs a precise cost basis. Get it wrong, and you're looking at penalties.
Manually calculating cost basis across hundreds of transactions? That's a full weekend of spreadsheets — every single year.
Under-report your gains and face penalties. Over-report and pay more than you owe. Either way, the cost of a mistake is high.
The wrong cost basis method can cost you thousands. HIFO (Specific Identification) alone can slash your tax bill by 30–40% — but only if you know how to use it.
Enter your crypto buys and sells manually — no exchange API required. Each transaction takes seconds to log. Include exchange, wallet address, and transaction hash for a complete audit trail.
Pick FIFO (IRS default), LIFO, or HIFO — Specific Identification per IRC §1012. We calculate your cost basis, short vs. long-term split, and taxable gains for all three so you can compare.
Download as IRS PDF, Universal CSV, TurboTax-ready CSV, or CPA Extended Ledger. One click — done. Your accountant will thank you.
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The cost basis method you choose can make a five-figure difference in your tax bill. CryptoTrack shows you all three side by side — then lets you pick the one that minimizes what you owe.
The IRS default. Uses your oldest purchases first when determining cost basis. Best for long-term holders who have accumulated lots over years.
Sells your newest purchases first. Can reduce taxable gains when recent purchases have a higher cost basis — useful in volatile, fast-moving markets.
Specific Identification per IRC §1012. Picks the lots with the highest cost basis regardless of purchase date — the most powerful tax-minimization strategy.
* Illustrative example. Actual savings depend on your holdings, purchase dates, and market prices.
Whether you use TurboTax, file yourself, or work with a CPA, CryptoTrack has the exact format you need — all generated from the same data, in one click.
Print-ready HTML with Part I, Part II, and Schedule D summary. Open in browser → Print → Save as PDF. IRS column labels (a)–(h) included.
10-column minimalist format designed for maximum compatibility with any tax software platform. Clean, no comments, ready to import.
Exact TurboTax Online import format — correct column names, correct date format, zero friction. Upload and you're done.
19-column audit-trail CSV with transaction IDs, wallet addresses, lot references, and acquisition exchange. The gold standard for HIFO (Specific Identification) compliance.
Included in Pro · $14.99/mo
Form 8949 asks for specific data points per transaction. We calculate each one, so your filing is precise and audit-ready — regardless of which method you use.
CPAs charge $200–500/hr to do what CryptoTrack does in seconds.
Everything you need for accurate, stress-free tax filing.
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Thousands of crypto investors already have their Form 8949 ready — with HIFO savings, clean audit trails, and the right format for their software. Join them. It takes under 10 minutes.
Pro · just $14.99/mo