Report Your 2025 Taxes Easily with Cryptoworth
US taxpayers who are using Cryptoworth can now easily generate financial reports using Cryptoworth’s automated tax engine. Get a 10% discount when you register via this form or use the promo code CRYPTO at checkout!
The Tax Rules for Crypto
In March 2018, the Internal Revenue Service (IRS) clarified that cryptocurrency holders must report every transaction involving the exchange of cryptocurrency for fiat.
Thankfully, the IRS offers relief to cryptocurrency holders who experienced losses in the previous tax year. Businesses who lost money on cryptocurrency trading may claim a tax reduction for the loss occurred. In cases of higher losses, they can carry the difference forward to increase their tax refund in future years.
How To Do Your CEX.IO Taxes
What is CEX.IO?
CEX.IO is a cryptocurrency exchange. It lets users buy, sell, and trade different cryptocurrencies. It's a platform for trading and managing digital assets. CEX.IO also integrates with various tax software solutions to help users manage their tax obligations. You can learn more about CEX.IO from this review.
How are CEX.io transactions taxed?
In many countries, including the US, cryptocurrencies count as property for tax purposes. This means that buying, selling, or trading crypto creates a taxable event. Any profit is taxed as either a short-term or long-term capital gain (or loss).
Do you need to report Cryptocurrency Tax for CEX.io?
CEX.IO does not automatically deduct taxes. Users are responsible for reporting their own transactions. Accurate tax reporting is important to avoid audits and penalties. For more information on CEX.IO taxes, check out this guide.
Easy Tax Reporting with Cryptoworth
With the easy-to-use Cryptoworth service, US taxpayers can effortlessly generate tax reports and claim potential tax deductions. Cryptoworth’s advanced tool calculates cryptocurrency gains and losses throughout the year via seamless API integration.
To take advantage of Cryptoworth, simply connect your exchange accounts to Cryptoworth’s software. Cryptoworth will handle the calculations and help you populate your IRS Tax Form 8949. Cryptoworth’s system will track all your capital gains and losses throughout the year and carry forward any losses to ensure you maximize your tax advantages now and in future filings.
Once you link your account to Cryptoworth and receive your completed form, you can either provide it to your accountant or upload it into your tax filing software for seamless processing.
Cryptoworth simplifies complex crypto accounting with features like automated transaction importing, cost-basis calculations, and support for 200+ blockchains and 1,000+ integrations, including QuickBooks and Xero. This automation frees up your team to focus on more strategic tasks. Learn more about how Cryptoworth helps accountants close month-end faster.
The convenient and user-friendly Cryptoworth tool calculates your businesses taxes, fills in your tax form, and helps you claim a tax deduction.
