CPAs lack reliable software tools to accurately calculate crypto taxes, especially for complex cases involving multiple wallets, DeFi positions, and regulatory updates like Rev. Proc. 2024-28.
Existing CPA tools fail to handle crypto tax complexities like multi-wallet cost basis tracking, DeFi positions, and new regulations, leading to incorrect tax forms and client dissatisfaction.
Workarounds Described
- built own calculation engine to get crypto taxes right
Implied Software Gaps
- Specialized crypto tax calculation engine for CPAs that automates Form 8949 generation and handles regulatory updates
CryptoLedger Pro
CryptoLedger Pro is a specialized tax calculation engine for CPAs handling cryptocurrency clients. It automates accurate Form 8949 generation by integrating with exchanges, tracking multi-wallet cost basis, and staying updated with regulations like Rev. Proc. 2024-28. Unlike generic tools, it handles DeFi positions and resolves 1099-DA mismatches, saving CPAs hours of manual work and reducing errors.
- Multi-wallet cost basis tracking with IRS compliance
- DeFi position integration (LP tokens, staking rewards)
- Real-time regulatory updates (e.g., Rev. Proc. 2024-28)
- 1099-DA mismatch resolution and reconciliation tools
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