TaxBit & CoinTracking: Import Your Transaction History & Generate Your Crypto Tax Report
TaxBit is a leading US crypto tax automation platform that helps users generate IRS-compliant tax forms. If you have transaction data in TaxBit and need multi-jurisdiction reports, additional cost-basis methods, or a unified view across 300+ exchanges, CoinTracking can import your TaxBit CSV export and generate a comprehensive tax report for the US, Germany, UK, Australia and beyond.
How to Import Your TaxBit Data into CoinTracking
Watch how to export your TaxBit transaction history as a CSV and import it into CoinTracking to generate your complete crypto tax report across multiple jurisdictions.
Start Your Free TaxBit Import- TaxBit aggregates your crypto transactions from connected exchanges and generates US tax forms. Importing your TaxBit CSV export into CoinTracking gives you access to multi-jurisdiction reports, additional cost-basis methods, and reconciliation tools.
- CoinTracking supports TaxBit CSV import. Export your full transaction history from TaxBit and upload it to CoinTracking. All trades, purchases, sales and income events are supported.
- CoinTracking supports FIFO, LIFO, HIFO, ACB and all major cost-basis methods. You can generate tax reports for the US (Form 8949), Germany (Anlage SO), UK (HMRC), Australia (ATO) and many other jurisdictions — all from a single import.
- Tax compliance is your responsibility. TaxBit is a US-based platform and is not an EU-regulated CASP subject to DAC8. TaxBit generates tax reports to assist your filing but does not submit reports to tax authorities on your behalf. You are required to report all taxable crypto activity in your annual tax return.
TaxBit and Your Crypto Tax Obligations
TaxBit was founded in 2018 in Salt Lake City, Utah, by a team of CPAs, tax attorneys and software engineers. It is a crypto tax automation platform that connects to hundreds of exchanges and wallets, aggregates transaction data, and generates IRS-compatible tax forms including Form 8949 and Schedule D. TaxBit is primarily used by US taxpayers but also serves enterprise clients and institutional investors globally.
As a US-based company, TaxBit is not subject to EU DAC8 reporting obligations. This means your EU tax authority will not receive automatic reports of your crypto activity from TaxBit — you are responsible for declaring all taxable events in your annual tax return.
Users who export their TaxBit data and import it into CoinTracking can:
- Generate tax reports for jurisdictions beyond the US (Germany, UK, Australia and more)
- Apply different cost-basis methods (FIFO, LIFO, HIFO, ACB) and compare outcomes
- Reconcile TaxBit data with additional exchanges or wallets not connected to TaxBit
- Access CoinTracking\'s portfolio tracking, unrealised gain/loss analysis and tax-loss harvesting tools
Crypto Tax Basics for TaxBit Users
TaxBit is primarily focused on US crypto tax compliance. Here are the key concepts that apply when importing TaxBit data into CoinTracking for US and international reporting.
Every disposal is a taxable event
Regardless of which platform you use to calculate your taxes — TaxBit or CoinTracking — the underlying rule is the same: every disposal of cryptocurrency (selling for fiat, trading one crypto for another, or spending crypto) is a taxable event in the year it occurs. The gain or loss equals the disposal proceeds minus the original cost basis.
Cost-basis method matters
The cost-basis method you use can significantly affect your taxable gain or loss. The IRS allows FIFO or specific identification. Germany requires FIFO per wallet under § 23 EStG. The UK uses Section 104 pooling under HMRC rules. CoinTracking supports all major methods and lets you generate reports under different methods to compare outcomes before filing.
Multi-jurisdiction reporting
If you are a US expat, dual resident or have tax obligations in multiple countries, a single TaxBit report may not cover all your jurisdictions. CoinTracking generates jurisdiction-specific tax reports for the US, Germany, UK, Austria, Switzerland, Australia and many others — all from a single unified transaction dataset.
DeFi, NFTs and staking
CoinTracking supports a broader range of transaction types beyond standard exchange trades, including DeFi protocol interactions, NFT purchases and sales, staking rewards and liquidity pool transactions. If your TaxBit CSV does not capture all these event types, CoinTracking\'s direct blockchain imports can supplement your data.
DAC8 is not applicable to TaxBit
The EU DAC8 directive requires EU-regulated crypto-asset service providers (CASPs) to automatically report transaction data to EU tax authorities from 1 January 2026. TaxBit is a US-based company and is not an EU-regulated CASP under MiCAR. It is not subject to DAC8. Users in the EU must self-report all crypto activity — it will not be reported on their behalf by TaxBit.
Crypto Taxes by Country for TaxBit Users
Key crypto tax rules for countries where TaxBit users are most commonly based. Select your country for specific rates and requirements.
United States
- Short-term gains: Ordinary income rates (up to 37%) for crypto held ≤1 year
- Long-term gains: 0%, 15% or 20% for crypto held >1 year
- Tax forms: Form 8949 and Schedule D for capital gains; Schedule 1 / Schedule C for income
- Cost basis: FIFO or specific identification (IRS)
- Authority: IRS
Germany
- § 23 EStG: Crypto gains taxed at personal rate (up to 45%) if sold within 1 year of purchase; tax-free if held over 1 year
- Annual exemption: €1,000/year in private disposal gains
- Cost basis: FIFO per wallet
- Forms: Anlage SO
United Kingdom
- Capital Gains Tax: 18% (basic) / 24% (higher) from October 2024
- Annual exempt amount: £3,000 (2024/25)
- Cost basis: Section 104 pooling (HMRC)
- Authority: HMRC
Australia
- Capital Gains Tax: Net capital gains included in assessable income; taxed at marginal rates
- 50% CGT discount: For assets held >12 months by individuals and trusts
- Cost basis: FIFO, LIFO or specific identification (ATO)
- Authority: ATO (Australian Taxation Office)
Canada
- Capital gains inclusion rate: 50% of net capital gains included in taxable income (as of current rules)
- Cost basis: Adjusted Cost Base (ACB) — average cost across identical assets
- Crypto income: Mining, staking and referral income taxed as business or other income
- Authority: CRA (Canada Revenue Agency)
Tax rules change frequently. This overview is for general information only. Consult a qualified advisor for your specific situation.
Are Crypto Transactions Taxable?
In most jurisdictions, selling or trading crypto is a taxable event regardless of which platform you use to track it. Use this as a starting reference — exact rules vary by country.
Taxable Events
- Selling crypto for fiat (USD, EUR, AUD, etc.)
- Crypto-to-crypto trades and swaps
- Spending crypto to purchase goods or services
- Receiving staking rewards, mining income or referral bonuses
Not Taxable
- Buying crypto with fiat currency
- Depositing fiat to an exchange
- Transferring crypto between your own wallets
- Holding crypto without selling or trading
Tax treatment varies by country. Always verify with a qualified advisor for your specific situation.
Why Use CoinTracking Alongside TaxBit?
TaxBit is a powerful US-focused crypto tax platform. CoinTracking complements it by offering support for 300+ exchanges and 100+ blockchains, multi-jurisdiction reporting (US, Germany, UK, Australia, Austria, Switzerland and more), and a broader range of cost-basis accounting methods including FIFO, LIFO, HIFO and ACB.
If you have exported your transaction history from TaxBit as a CSV, CoinTracking can import it and add it to your existing transaction set. This is especially useful if you are an expat, dual resident, or need to compare results under different accounting methods before filing. CoinTracking also offers tax-loss harvesting analysis, unrealised gain/loss tracking, and portfolio reporting — all in one place.
How to Import TaxBit into CoinTracking
Three steps to import your TaxBit data and generate your tax report via CSV.
- 1
Log into CoinTracking and open Imports
After logging in, click the Import icon in the left navigation. This is where you add all your exchanges, wallets and blockchains. Search for TaxBit to start.
- 2
Download your TaxBit CSV and upload it
In TaxBit, go to your Dashboard → Tax Reports or Transactions section and export your full transaction history as a CSV file. In CoinTracking, search for TaxBit in the import search and upload the CSV. All trades, purchases, sales and income events will be imported.
- 3
Review transactions and generate your tax report
Once your TaxBit data is imported, validate the transactions and generate a tax report for your jurisdiction. CoinTracking calculates capital gains, income and losses using your chosen cost-basis method and generates a report for the US, Germany, UK, Australia or any other supported country.
"CoinTracking can handle just about any complex transaction you can throw at it and the automation is a real lifesaver. Of all the tax software tools we've reviewed, CoinTracking is the most detail-oriented and has more accuracy checks in place than the competition."
How to Create Your TaxBit
Tax Report with CoinTracking
Three steps from TaxBit CSV to a multi-jurisdiction tax report your accountant will accept.
Import your TaxBit transactions
Download your CSV from TaxBit (Dashboard → Tax Reports or Transactions) and upload it to CoinTracking. All trades, purchases, sales and crypto income events are imported.
Review and validate your transactions
Open Reports → Validate Transactions. CoinTracking flags missing cost basis, missing prices and unresolved transfers so you can correct them before generating your report.
Generate your tax report
Select your country and tax year. CoinTracking generates a jurisdiction-specific tax report in PDF or Excel format, covering all gains, losses and income — ready to file or hand to your accountant.
TaxBit is a US-based crypto tax automation platform that aggregates transaction data from exchanges and generates tax forms. If you have exported your consolidated transaction history or tax reports from TaxBit as a CSV, CoinTracking can import that data to give you a second opinion, additional cost-basis methods, or a unified view alongside transactions from other platforms.
In TaxBit, go to your account Dashboard, navigate to the Tax Reports or Transactions section, and export your full transaction history as a CSV file. Upload the file to CoinTracking using the import search.
TaxBit is a US-based tax software platform. It generates IRS-compatible tax forms (Form 8949, Schedule D) for your filing but does not itself submit reports to the IRS on your behalf. Tax compliance remains your personal responsibility. TaxBit is not subject to EU DAC8 reporting obligations.
CoinTracking offers a broader range of cost-basis methods (FIFO, LIFO, HIFO, ACB, and more), supports 300+ exchanges and 100+ blockchains, and generates jurisdiction-specific reports for countries beyond the US — including Germany, UK, Australia and more. Importing your TaxBit CSV into CoinTracking lets you reconcile your data, apply different accounting methods, and generate reports for multiple jurisdictions from a single platform.
US: FIFO or specific identification (IRS). Germany: FIFO per wallet (§ 23 EStG). UK: Section 104 pooling (HMRC). Australia: FIFO, LIFO or specific identification (ATO). CoinTracking supports all major cost-basis methods and lets you switch between them to compare outcomes.
No — TaxBit is a US-based company and is not an EU-regulated crypto-asset service provider (CASP) subject to DAC8. DAC8 applies to EU-regulated CASPs from 1 January 2026. TaxBit users in the EU must self-report all taxable crypto activity in their annual tax return.
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