EY Blockchain Analyzer: Tax Calculator
As part of the EY Blockchain platform, Tax Calculator is a web-based solution where individuals can easily calculate capital gains/losses from trading cryptocurrencies and produce US tax Form 8949.
What EY can do for you
Tax Calculator is a web-based solution where individuals can upload transactions to download a Form 8949, which is used to calculate capital gains/losses from trading cryptocurrencies for US tax returns. It connects directly with multiple exchanges, allowing users to insert API keys and/or upload exchange-formatted CSV files. Individuals can also insert cryptocurrencies from transactions related to mining and staking rewards to include in their basis for future sales of that cryptocurrency.
![Blockchain analyzer tax calculator image](https://assets.ey.com/content/dam/ey-sites/ey-com/en_gl/topics/blockchain/ey-tax-calculator-preview.png)
Features of the solution include:
- Calculates capital gains and provides compliance for purchases and sales of cryptocurrencies
- Produces a draft Form 8949 for review and inclusion in tax return
- Allows for the inclusion of basis tracking for mining and staking type rewards on cryptocurrencies.
The team
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