LibraTax cannot provide official legal or tax advice. Please consult with a licensed tax preparer to ensure you file and pay taxes correctly. We’ve partnered with several professionals who you may hire. We offer the ability for you to choose from a few different cost-basis methods. Cost basis methods are how you would like to […]
LibraTax cannot provide official legal or tax advice. Please consult with a licensed tax preparer to ensure you file and pay taxes correctly. We’ve partnered with several professionals who you may hire. Basically, when you own a capital asset, which can be a number of things – like a piece of real estate, Apple stock, […]
The one payment unlocks all of them and you can run the reports unlimited times for 365 days following your unlock date.
Libra Pro is a new product that has been designed for the accounting community at large that marries all of the features found in LibraTax and Libra for Business together under one application. As mentioned previously, it is very difficult for individuals and businesses to efficiently account for their digital currency use without Libra. For […]
Libra for Business is the workhorse of the Libra accounting suite. Like LibraTax, it is also built on top of the blockchain. It offers all of the features included in LibraTax for Individuals with the additional benefits of monthly reporting, and several different comprehensive reports that give businesses a full and complete perspective of anything […]
LibraTax for Individuals is Libra’s entry level accountancy application for the blockchain designed for most uses of Bitcoin. It includes support for trading, holding, using, mining, gifting, tipping, and donating. LibraTax for Individuals is free to sign-up, along with an optional $19/year feature that allows users to generate a tax form, should they need it, […]
No. Since Bitcoin is treated as a capital asset by the IRS. You have to have a Form 8949 that substantiates all of your transactions for the given tax year to be able to declare the aggregate total (this total is on a form called a Schedule D). The Form 8949 calculation work can be […]