Using CoinTracker with TaxCaddy

This guide will outline how to use CoinTracker with your tax pro and TaxCaddy in 4 steps.

Step 1- Create your Account

Sign up for a CoinTracker account here if you don’t already have an account. You can sign in with your Google account, your Coinbase account, or with an email and password combination. You can always change this in your settings later.

Step 2 - Sync your Wallets and Exchanges

Connect your exchanges & wallets to CoinTracker

• • To add your wallets & exchanges, visit the Add Wallets page. When you select your exchange or wallet from the Wallet Type drop-down, the right side will display instructions on how to connect that particular exchange or wallet with CoinTracker. Depending on the exchange or wallet selected, transactions can be imported through an API or imported by a CSV file.
    
    
  • If your exchange or wallet isn’t appearing on the dropdown, this means CoinTracker doesn’t have a direct integration yet, but your transaction history can still be imported here. It is highly recommended to import all transactions, even from exchanges and wallets without direct integrations.
    
    
  • Note: To ensure accuracy of your tax reports, it’s very important to connect ALL exchanges & wallets you transact in a given year.

Step 3 - Add your tax professional

Click the “Add tax professional” button on the Tax Center and invite your tax professional to review your transactions.

• • • In this step, your tax pro can help you reconcile your transactions and download the necessary tax forms to file your taxes.
      
      
    • Note: You can also reconcile transactions by yourself, download the tax forms and submit them to your tax pro for tax preparation. However, it is highly recommended to invite your tax pro to CoinTracker to avoid any potential mistakes you might make when reconciling transactions.

Step 4 - Export tax forms to TaxCaddy

Once you or your tax professional are done reconciling your CoinTracker account and have resolved any transactions that need review, you or your tax professional may download your tax forms (8949 and/or schedule 1) into TaxCaddy by clicking on the Download toTaxCaddy icon in the “Tax filing software” section of the Tax center.

Log in to TaxCaddy, then drag and drop the tax documents in the upload section. You can also click the upload section to open the upload window.

Click here to learn more about uploading documents to your TaxCaddy account.