Easy Cryptocurrency and DeFi Tax Tracking

Bitwave offers a complete solution for crypto and DeFi tax tracking and simplifies your end of the quarter. We allow you to track your gains and losses, cost basis, and tax liabilities.

What's included?

Everything you need for crypto tax tracking

Gain-Loss Reporting

Leverage Bitwave to generate Gain-Loss reporting and Unrealized Gain/Loss Reporting for your digital assets.

IRS Form 8949 Preparation

Our solution will help your company generate an IRS Form 8949 quickly,

Customization

Our Tax Tracking tool supports LIFO, FIFO, Weighted-Average, and Specific Identification accounting processes.

Solutions to fit your tax strategy

We provide the tools to help your organization excel at implementing your tax strategy, regardless of the complexity

Tax Tracking

Our enterprise digital asset platform connects the blockchain to your accounting system making it easy to prepare your crypto taxes

Bitwave has complex tax tracking capabilities, including Last-in, First-out (LIFO) spends the most recent coins you’ve acquired — using coins close to the current market price to keep capital gains and losses small. First-in, First-out (FIFO) uses the coins you acquired first — ensuring your gains or losses are long-term.​

We also support cost averaging and specific selection. You can run reports for each and pick the tax strategy that’s right for you.​

Mark-to-Market

Our platform also syncs mark-to-market adjustments to mark the current value of holdings, and your crypto gains and losses. The value of your digital assets will likely change over time.

Bitwave makes mark-to-market adjustments easy. With one click you can mark the current value of holdings (update you holding in your books to reflect the current market value of our token). With Bitwave you can easily get a clear view of how much your digital assets are worth today.

DeFi Tax Tracking

Calculate the tax liabilities generated from your DeFi yield-farming or staking rewards using Bitwave. Bitwave is the only crypto tax platform to support DeFi.

Bitwave offers integrations for all Ethereum (ERC-20 and Layer-2) tokens as well as 10+ DeFi protocols.