🧾TapTax
TapTax Overview
TapTax is a tax export tool that simplifies the crypto tax experience for Cardano users. Whether you’re a passive holder, day trader, or involved in NFT projects, TapTax helps you export and organize your transaction history for tax compliance.
Key Features:
Export staking rewards, token/NFT trades, capital gains, lending/borrowing activity, and airdrop income.
Supports both individuals and businesses.
Integrates with TurboTax and TaxAct for easy tax filing.
How TapTax Works
Step 1: Choose Your Plan
TapTax offers different plans to suit individual traders and businesses. Choose the plan that best fits your needs:
Individuals/Traders: Focuses on exporting individual transactions, including staking rewards, token/NFT trades, and capital gains reports.
Businesses/NFT Projects: Includes everything in the Individuals plan, plus wallet income reports and advanced CSV exports for business accounting.
Step 2: Connect Your Wallets
To start using TapTax, connect your Cardano wallets to the platform. TapTax will automatically gather the transaction data from your wallets, including ADA, token, and NFT movements.
Step 3: Export Your Data
Once your data is ready, TapTax allows you to export it in CSV format. This CSV file can be imported into tax software like TurboTax or TaxAct, or manually used to fill out your tax reports.
Step 4: Integration with Tax Software
To make the tax filing process even easier, TapTax integrates directly with TurboTax and TaxAct, letting you upload the CSV files seamlessly.
Using TapTax with Tax Software
How to Use TapTax CSV Exports with TurboTax
Log in to your TapTax account and download the CSV file for the relevant tax year.
Open TurboTax and navigate to the Import Data section.
Select Import from CSV and choose your TapTax CSV file.
Review and confirm that all the data has been imported correctly.
Follow the on-screen prompts in TurboTax to complete your tax filing process.
How to Use TapTax CSV Exports with TaxAct
Log in to your TapTax account and download the CSV file for the relevant tax year.
Log in to TaxAct and navigate to the Import section.
Select Import from CSV and choose your TapTax CSV file.
Confirm that all the information matches your transaction history.
Proceed with the tax filing process by following the on-screen instructions.
Individuals/Traders Exports
TapTax provides various export options for individuals and traders, allowing you to track your Cardano blockchain activities for tax purposes.
Staking Rewards: Export details about the ADA staking rewards you've earned, including their native currency value.
Token & NFT Trades: Get an export of all trades, with the value in your native currency at the time of each trade.
Capital Gains Report: Export your capital gains/losses for tax purposes.
Lending/Borrowing Activity: Export all lending and borrowing transactions.
Airdrop Income Sheet: Track any airdrops or rewards you’ve received.
Business/NFT Exports
If you're managing a business or an NFT project, TapTax has you covered with tailored exports that meet business accounting standards.
Wallet Income Report: Consolidate all income and expenses from your wallets, including ADA, tokens, and NFTs.
FAQ
How long does my access to TapTax last?
Access lasts for one full calendar year, meaning if you buy a subscription in 2024, you can export your data for all transactions that year. Previously exported data will always be available.
How many times can I export my data?
Unlimited exports throughout the subscription period.
Do my exports include the value in my native currency at the time of trade?
Yes, all exports come with the value in your native/selected currency at the time of the trade/event. These columns are typically denoted with "quote" in the column header.
If I rent a Tappy on a third-party platform, do I get the discount?
No, renting a Tappy from third-party platforms doesn’t qualify for the discounted rate. You must own a Tappy NFT to avail of the discount.
Is there a limit on how many wallets I can add?
Yes, TapTax allows up to 40 wallets per user.
Why do I need TapTax?
TapTax helps consolidate and export all Cardano blockchain activity, simplifying tax filing and financial analysis.
What do I do with the downloaded CSV?
Use the CSV to file taxes, conduct personal financial analysis, or for record-keeping.
Are there refunds?
No refunds are offered for TapTax subscriptions.
What countries does TapTax serve?
TapTax services are globally available, but users must ensure they comply with their respective countries' tax laws.
Can I add transactions from centralized exchanges?
Yes, you can manually add transactions from centralized exchanges (e.g., Coinbase) to TapTax, providing a more comprehensive financial overview.
Where do I go if I need support or have any questions?
For support or inquiries, you can email support@taptools.io or open a ticket in our Discord.
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