TaxBit Reviews 

376
•
TrustScore 3.5 out of 5

3.6

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Rated 2 out of 5 stars

I have used taxbit quite a bit this last year. Their response time is generally speaking very fast for most issues. Several issues required more attention and sadly took months/weeks too resol... See more

Rated 5 out of 5 stars

I had unsuscessfuly tried to use tax software prior to contacting TaxBit. Tax Bit customer service enabled me to upload documents!!! When I had a problem they would find a way to do things. They were... See more

Company replied

Rated 1 out of 5 stars

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... See more

Company replied

Rated 4 out of 5 stars

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 Vane... See more

Company replied

Company details

  1. Tax Preparation
  2. also in
  3. Accountant
  4. Cryptocurrency Service
  5. Tax Attorney
  6. Tax Preparation Software

Information provided by various external sources

TaxBit’s cryptocurrency tax software was developed by industry leading blockchain CPA’s and cryptocurrency tax attorneys. TaxBit allows you to easily connect over one hundred cryptocurrency exchanges to your TaxBit account, run your transactions through the U.S. tax code, manage your portfolio with the most advanced crypto portfolio tracking analytics, produce a full audit trail showing exactly how gains/losses are calculated, claim the capital loss deduction, and produce your IRS 8949 cryptocurrency tax forms.


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3.6

Average

TrustScore 3.5 out of 5

376 reviews

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3.6

All reviews

(376)

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Rated 5 out of 5 stars

Your online service made it very easy…

Your online service made it very easy for me to calculate my taxes. I highly recommend TaxBit. Thank you!

13 June 2021
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Reply from TaxBit

Steven,

Thanks for taking the time to share your review! Happy to hear our team was able to make crypto taxes easier for you, and look forward to helping you again next year!

-Alysha

Rated 5 out of 5 stars

Great support team

Great support team, fair price.

13 June 2021
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Reply from TaxBit

GP,

Thank you for taking the time to share your review!

-Alysha

Rated 5 out of 5 stars

Your support team rocks A++

Your support team rocks

13 June 2021
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Reply from TaxBit

Ken,

Thanks for taking the time to share your review! We look forward to helping you again next year!

-Alysha

Rated 5 out of 5 stars

One of the easiest cloud based crypto…

One of the easiest cloud based crypto systems available! Thanks for making this so straight forward TaxBit!

13 June 2021
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Reply from TaxBit

Chris,

Thank you for taking the time to share your review! We are so glad we were able to take the stress away during tax season!

-Alysha

Rated 2 out of 5 stars

Must be going through growing pains

After scouring the market for someone who can handle my crypto taxes this year, I went with TaxBit because they seem to have invested quite a bit in software and they seem to have some valuable partnerships and backers in this space. They have a long way to go to be able to handle the complexities of this market, particularly in the DeFi space. Admittedly, this is a difficult task for any crypto tax company but the reason for the 2 stars is because I was basically left on my own to figure out how the software actually works. You can readily get someone to chat with you and you can count on them being syrupy sweet but they are poorly trained. And there is no mechanism to escalate issues to anyone. The people at TaxBit who really know how things work are simply inaccessible. I could have even made due with better documentation but it is still inadequate. In the end, this was one of the most frustrating tax experiences of my life and I worked with TaxBit for over 3 months on this, going from one person to the next. I am hopeful they will make great strides this year but I'm not that optimistic since this space seems to be moving faster than TaxBit can keep up.

13 June 2021
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Reply from TaxBit

Hey OG,

Thanks for taking the time to share your feedback, we appreciate it (even when it's not a 5-star review). I'm sorry to hear your experience was subpar, of course that's not what we want for any customer and I'd like to connect with you (details below) to discuss this more.

With regard to DeFi, yes, our offering is in beta and we're putting an emphasis in improving our DeFi offering to support the ever-evolving DeFi space.

With regard to our support team, I'm sorry to hear you weren't given a more clear answer on how to address your issue sooner. It sounds like you may have been in a loop during tax season, not optimal and something we will address going forward.

Like I said, we appreciate your honest feedback and are working to improve Defi, and expanding our educational content to help support more self-serve and escalation processes.

I'd like to connect and discuss some of the issues you highlighted, can you send me an email (marketing@taxbit.com)

-Michelle
VP Marketing

Rated 5 out of 5 stars

It was difficult not having Bitrue up…

It was difficult not having Bitrue up and running for both of us. Not anyones fault . just pressure to finish taxes. Great staff . I will consider them again next year.

10 June 2021
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Reply from TaxBit

Hi Michael,

Thanks for the feedback! We will share this with our team as we work to improve our integration with Bitrue! We look forward to working with you again next year. :)

-Alysha

Rated 4 out of 5 stars

You guys do great work!

You guys got a CSV file imported into Taxbit that I could not. But, you didn't tell me what caused the problem or what I can do in the future to make it work. I don't do a lot of transactions, but I do want to be able to delete those transactions and re-add them as I add more transactions to Exodus. So, a little bit of a point in the right direction would certainly be appreciated.

I was asked to update this review. I am not sure why this was requested, so I don't know why your requesting this. But, here it is, updated...

10 June 2021
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Reply from TaxBit

Michael,

Thanks for taking the time to share your review! Happy to hear our team was able to help navigate some of your more complex data! I would like to personally help you with understanding how to upload your CSV's, can you please update your review with your support ticket number or email marketing (@)taxbit.com?

-Alysha

Rated 5 out of 5 stars

Excellent customer support

Excellent customer support. Usually had a resolution to any problem within a day or two.

10 June 2021
TaxBit logo

Reply from TaxBit

DC,

Thanks for taking the time to share your review! Happy to hear our staff has helped you resolve any issues with your crypto taxes!

-Alysha

Rated 4 out of 5 stars

The ABSOLUTE BEST crypto tax service

Top notch speed with total politeness. Absolutely superior customer service. Especially compared to the 2 major competitors that I used prior to using Taxbit. Thank you.

10 June 2021
TaxBit logo

Reply from TaxBit

Hi Thomas,

Thank you for taking the time to share your review, I'm sorry your experience has been sub-par. I would like to personally help you get this resolved, can you please update your review with your support ticket number or email marketing (@)taxbit.com?

-Alysha

Rated 5 out of 5 stars

Fixing MOD in My Transactions

Tyler gave excellent advice. Still waiting to hear why Error 404 is so common and how to get past that.

9 June 2021
TaxBit logo

Reply from TaxBit

Michael,

Thanks for taking the time to share your review! Happy to hear our staff has been so helpful and please feel free to reach out to support@taxbit.com for further help!

-Alysha

Rated 4 out of 5 stars

Having a live person who is…

Having a live person who is knowledgable available almost instantly was and is the reason why I like TaxBit so much. I can't underestimate this. Though I haven't shopped other sites, it may be true that other sites have slightly easier interfaces with the various exchanges, however, in my particular case, that potential advantage was vastly exceeded by the personal and friendly people who spared no effort or time in helping me solve some problems of my own making. It really should be a five star review, but I know there is always room for improvement, and I will be there next year to experience it for myself!

9 June 2021
TaxBit logo

Reply from TaxBit

James,

Thanks for taking the time to share your review! We look forward to helping you again next year!

-Alysha

Rated 5 out of 5 stars

Extremely friendly staff and quick…

Extremely friendly staff and quick response! I would definitely recommend for anyone looking to pay their fair extortion fees!!

9 June 2021
TaxBit logo

Reply from TaxBit

Michael,

Thanks for taking the time to share your review! Look forward to helping you again next year!

-Alysha

Rated 5 out of 5 stars

Top notch customer support!

I was having a problem with data imports and Lexie from the support team addressed my issue and offered additional suggestions to improve my experience.

9 June 2021
TaxBit logo

Reply from TaxBit

Mark,

Thanks for taking the time to share your review! Happy to hear our team was able to help navigate with uploading your data, and look forward to helping you again next year!

-Alysha

Rated 5 out of 5 stars

Gamechanger for keeping your crypto…

Gamechanger for keeping your crypto taxes to the penny. Also has a tax optimizer that will tell you how to optimize losses when you have them. This software has made me money!

9 June 2021
TaxBit logo

Reply from TaxBit

Jeffrey,

Thank you for taking the time to share your review! Happy to hear our team was so helpful, and look forward to helping you again next year!

-Alysha

Rated 3 out of 5 stars

Slick but Not a Home Run

PROS:
Easy integration for most exchanges and wallets.
Interface is very nice, easy to navigate, definitely user friendly.
Chat Support is responsive and Friendly.
14 Day Software Trial Option

CONS::
No Hardware wallets, like Ledger imports available. Accurate coin totals don't show.
No option to show stolen or lost transactions.
Tier 2 support not available via chat.

Summary:
Many things to like but the software should be more mature for it's age. Hardware wallet integration is a must for a easy user experience and more customizable options/filters. Support is quick and responsive. Almost great, so close!
That said, I will try it for a year and see what Taxbit does to make it better.

28 April 2021
TaxBit logo

Reply from TaxBit

Hey Tristan,

Thanks for taking the time to share your review, we appreciate the feedback and are working round-the-clock to bring some of the implementations you mentioned to our customers, including improved hardware wallet connectivity.

We're scaling rapidly and look forward to your feedback when these improvements are live.

Michelle

Rated 3 out of 5 stars

Solid but needs more work

Excellent customer service but the platform is not intuitive and there is no way to to prioritize long term gains in basis selection. API feeds are a great feature, but sometimes fail to update the data in the platform.

21 April 2021
TaxBit logo

Reply from TaxBit

Thanks for the feedback we will share with out team, we're working to improve some of the hiccups you mentioned!

Rated 5 out of 5 stars

Very thorough answer to my question

Very thorough answer to my question. Always above and beyond helpful!
Thanks

20 April 2021
TaxBit logo

Reply from TaxBit

Pat,

Thanks for taking the time to share your review, we truly appreciate it!

Rated 1 out of 5 stars

Does not integrate well with eToro

In spite of giving all transaction details, they did not upload the data correctly into their systems, my transactions do not have any cost basis. So my gain /loss is not correct in the end in form 8649.

How ever I have to mention that their system integrated in to my coinbase and BlockFi accounts fine and the transactions are accurately reflect in form 8649

I don't understand they can quickly automate the integration with eToro and make tax reporting easier for customers.

17 April 2021
TaxBit logo

Reply from TaxBit

Hi there,

Thank you for taking the time to share your review, I'm sorry your experience has been sub-par with integrating your eToro data. I would like to personally help you get this resolved, can you please update your review with your support ticket number or email marketing (@)taxbit.com?

-Alysha

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