TaxBitReviews of taxbit.com

Took my $20000 and block my account and customer support team not helping issues, I had the organization/company on my photo which can resolve the problem and withdraw money

I used their service for 3 years in a row, with no problem whatsoever. They were the most expensive but service was great... then. One day I clicked the refresh button and everything turned to shaite. I suddenly had hundreds of Missing cost basis, but if you read the transactions list, all the info was there. Then started a several months battle. They have NO customers service - I am not kidding. No phone number to reach them! Only a chatbot redirecting you towards bs articles. I finally get in touch by email with "someone in the Development Team", assuring me it is a bug that only affected me, and now everything works. Big lies (lots of people I know had the same problems, my issues were NEVER fixed)... I finally had enough after months of headaches and went to CoinLedger, it is absolutely amazing there is no comparaison.

After spending the entire day trying to figure out how to generate 8949 tax forms for my very basic cryptocurrency trading in 2022, I finally remembered that my BinanceUS exchange had recommended Taxbit, and I'm so glad I finally remembered that, because within a very short time I had my 2 exchanges connected and the forms generated.  Interestingly, one of the exchanges had generated a so-called 8949 that did not include all of the transactions, of which there were many per day with my bots on the Bitsgap platform, and simply spit out a one-liner, citing a 3rd-party application.  I'm so glad I plugged the API information into Taxbiit because the report generated was just perfect, and I really thank you so much for that peace of mind and a superb software and interface.  I am so impressed, and relieved! My only issue was my accidentally entering a less secure email in my profile and then not seeing how to change that in the profile settings, so I did send in that question to Taxbit support and am hoping it can be changed shortly (but no stars deducted for that very minor inconvenience).  In the meantime, I just had to send in a compliment after quite a grueling day taking care of this last stretch of my 2022 taxes.  And it was free at that.  I'm just beyond wowed - thanks so much!

TaxBit is not extracting the correct data from crypto exchange. Some transactions are missing. Some assets are missing in my Holdings. It shows certain assets in my Holdings which I don't own :). The customer service rep. is sending a canned answer even after I gave very detailed information. Just deleted the account!

Horrible service, they keep sending you a list of links to "study", they assume everyone is stupid. The problem is that the API sync between TaxBit and the other platform is not good, so you will end up with many missing cost, missing buy/sell etc. and your tax form will be completely wrong and useless. Guys, be careful. After I wasted long time with no results, I went and tried with Coinledger.com, I linked my 4 account through the API and it magically all worked with NO issues, NO missing cost, NO missing transactions. That means that Tax Bit is totally useless. the customer care agents are totally useless, they can only send you a list of things to "study".

TaxBit, this tax season, 2022, compared to last year's 2021 tax season was "A breeze"! Last year, I could barely breathe or sleep with any Of the SAAS programs... My TaxBit rep Vanessa, conducted herself professionally and patiently as she represented TaxBit & MYSELF, in the most effective & efficient manner possible. A 'Gem' of an employee TaxBit has. Kudos! Well done! Keep improving! We need companies like TaxBit! However, I think it's the exchanges fault...losing cost basis addresses! About 10 of my trades were not properly recorded; nor recorded in any of my exchanges, nor was the exchange aware of these 'missing, important' cost transactions... Closer attention is required to report details all year long is best. I'm trying "CoinLedger" this year!

So i was stuck in the middle of my self prepared tax return. I was wondering if i have to type in every single transaction i made the previous year which was alot. Finding out that SoFi partnered with Taxbit for this purpose, man!..its the easiest way to complete your return if your are dealing with crypto. Now i wont worry anymore even if i do hundreds of transaction!

Gathering everything together for taxes is always a chore but the thought of gathering every last crypto transaction had me quite anxious. However, once I discovered TaxBit, my worries were over. The only difficulty was when I transferred Bitcoin to my node. The node crashed and fortunately I was able to recover most of it through a third party app and TaxBit, understandably couldn’t decipher this. I was, however able to modify the file to accommodate for the difference. All in all, TaxBit was a great help.