UTXO — Full Support

Bitcoin Crypto Tax Calculator

Bitcoin tax calculator — UTXO, Runes, Ordinals & BRC-20

Complete Bitcoin tax reporting with UTXO tracking, Runes, Ordinals inscriptions, and BRC-20 tokens. Auto-import via Blockstream and Unisat APIs. Track cost basis across transfers and generate IRS Form 8949.

Everything You Need for Bitcoin Taxes

Runes & BRC-20 token tracking
Ordinals inscription support
UTXO-aware cost basis
Segwit & Taproot support
5 cost basis methods (FIFO, LIFO, HIFO, LTFO, SpecID)
Pre-trade tax simulator
IRS Form 8949 & Schedule D
TurboTax, H&R Block, TaxAct export

Same Features. Half the Price.

Every competitor charges more for the same Bitcoin tax support. Why pay double?

FeatureUsKoinlyCoinTrackerCoinLedger
Bitcoin support
Starting price$25/yr$49/yr$59/yr$49/yr
Free tier transactions20010,0002525
Cost basis methods5322
Pre-trade tax simulator
Tax-loss harvesting alerts
Audit defense package

How to Calculate Your Bitcoin Taxes

1

Import Your Wallet

Paste your Bitcoin wallet address. We auto-detect and import all transactions — swaps, transfers, staking rewards, and more.

2

Review & Classify

Our AI auto-classifies your BTC transactions. Review suggestions, apply with one click, and resolve any edge cases.

3

Download Tax Forms

Generate IRS Form 8949, Schedule D, or export directly to TurboTax, H&R Block, or TaxAct. Ready to file in minutes.

Other UTXO Chains We Support

Calculate taxes across all your crypto wallets in one place

Frequently Asked Questions — Bitcoin Taxes

How do I calculate my Bitcoin taxes?

Connect your Bitcoin wallet address to Blockchain Smart Tax. We automatically import all your BTC transactions, classify trades, swaps, and transfers, then calculate your capital gains using your chosen cost basis method (FIFO, LIFO, or HIFO). You can download IRS Form 8949 and Schedule D when you're ready to file.

Is Bitcoin (BTC) taxable?

Yes. The IRS treats all cryptocurrency, including BTC, as property. Selling, trading, or swapping BTC triggers a taxable event. Receiving BTC as income (staking, airdrops, mining) is taxed as ordinary income at fair market value on the date received.

What Bitcoin transactions are taxable?

Taxable Bitcoin events include: selling BTC for USD or stablecoins, swapping BTC for another crypto, using BTC to pay for goods or services, and receiving BTC as staking rewards, airdrops, or mining income. Transferring BTC between your own wallets is NOT taxable.

How much does Bitcoin tax reporting cost?

Blockchain Smart Tax starts at $25/year for up to 500 transactions — roughly half the price of Koinly or CoinTracker. During our beta period, all features are free with up to 10,000 transactions. We never charge extra for DeFi, staking, or NFT transactions.

How does Bitcoin UTXO tracking work for taxes?

Bitcoin uses the UTXO model where each transaction can have multiple inputs and outputs. Blockchain Smart Tax analyzes each UTXO to correctly attribute cost basis, identify change outputs, and calculate the exact amount sent or received — ensuring accurate tax reporting.

How does Blockchain Smart Tax handle Bitcoin staking?

We classify Bitcoin staking transactions at the instruction level — native staking, liquid staking, delegation, redelegation, and reward claims are all detected automatically. Staking rewards are reported as ordinary income per IRS Rev. Rul. 2023-14. You can also toggle whether liquid staking (e.g., depositing into liquid staking protocols) is treated as a taxable swap or a non-taxable transfer.

Can I import Bitcoin transactions from an exchange?

Yes. Connect your Bitcoin wallet address for on-chain transactions, and import exchange history via CSV from Coinbase, Binance, Kraken, and 20+ other exchanges. Blockchain Smart Tax matches exchange deposits and withdrawals with on-chain transfers automatically.

What cost basis methods can I use for Bitcoin?

Blockchain Smart Tax supports FIFO (First In, First Out), LIFO (Last In, First Out), and HIFO (Highest In, First Out). You can switch methods and instantly see how each one affects your tax bill. Starting in 2025, the IRS requires per-wallet cost basis tracking (Rev. Proc. 2024-28) — we handle this automatically.

How do I know if my Bitcoin gains are short-term or long-term?

BTC held for more than one year qualifies for long-term capital gains rates (0%, 15%, or 20% depending on income). BTC held for one year or less is taxed at your ordinary income rate (up to 37%). Blockchain Smart Tax automatically tracks your holding periods and classifies each disposal as short-term or long-term.

Start Your Bitcoin Tax Report

Free to import. Free to preview. Only pay when you download. Starting at $25/year — half the price of competitors.