Calculate your crypto taxes for previous tax years for an annual subscription.
Crypto Tax Calculator is different from other crypto tax software in Australia as it uses a subscription-based model for its pricing rather than a year-to-year payment structure. That means you can import your crypto history for 1 year, or go back as far as 2013 and get a tax report for each year for the same annual price.
While Crypto Tax Calculator may be a good option to calculate your cryptocurrency taxes for previous years, it's not a long-term, cost-effective solution because of its rolling transaction limit. Unlike most crypto tax software that resets the transaction limit for each tax year, Crypto Tax Calculator has a cumulative lifetime limit.
The cumulative nature of this limit means that your transactions each year count toward your limit. So if you have 90 trades in 2021 and 11 in 2022, you would need to upgrade your account from Rookie to Hobbyist because you've exceeded the Rookie's 100-transaction limit.
Ultimately, you must continually upgrade your account the longer you use the service, making it one of the pricier crypto tax software programs in Australia in the long run.
Pros
Up to 100,000 transactions. Crypto Tax Calculator's Trader plan allows you to track and report up to 100,000 transactions.
30-day money-back guarantee. If Crypto Tax Calculator isn't the right fit, you can cancel your plan and request a refund from customer support.
DeFi integrations. Crypto Tax Calculator supports just under 3,000 DeFi protocols and services which is sure to satisfy even the biggest on-chain traders.
Cons
No free plan. You can try the platform for free and import data, but you will need to pay to receive a calculated report.
Transaction limit is for all tax years. Crypto Tax Calculator counts all your trades for all tax years against your transaction limit. That means you'll need to continually upgrade your account as you inch closer to your transaction threshold each year.
No cryptocurrency payment. Since Crypto Tax Calculator uses a subscription model, it doesn't accept cryptocurrency payments yet. Your billing method is limited to credit cards as opposed to other crypto tax software that also allows you to pay with a bank transfer and some cryptocurrency.
No tax-loss harvesting. Crypto Tax Calculator doesn't identify opportunities to sell a coin for a loss to help offset your capital gains and lower your tax bill.
