Using Digital Currency?

You’ve probably triggered a taxable event.

Any time you purchase goods or services with a currency like Bitcoin, Dash, or Litecoin, you need to assign a proper valuation to the transaction and determine if there was a gain or a loss.

NODE40 Balance makes this type of blockchain accounting easy and intuitive.

How Does It Work?

NODE40 Balance makes it easy to treat your blockchain assets just like any other asset you may have in your investment portfolio.

Why is Digital Currency Taxable?

While most jurisdictions allow you to use digital currency to purchase goods and services, when it comes time to pay your taxes, digital currency is considered property. Transacting with property means that every purchase you make will incur a taxable gain or loss. The IRS is explicit in its treatment of digital currency as property.

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Key Features

Data on the blockchain may be permanent and immutable, but reporting of real world transactions requires flexibility. NODE40 Balance allows you to define how you interacted with digital currency.

Tax Documents

NODE40 Balance will generate IRS form 8949 along with the required worksheets so you can easily reports your gains and losses.


Not all digital currency is taxable. NODE40 Balance allows you to designate transactions as exempt from ordinary income reporting.

Custom Valuations

If your transaction value differs from the daily average market valuation, you can make adjustments according to your records.

Multiple Wallets

Upload and manage ledgers for multiple wallets.

Tax Reporting for ERC-20 Tokens

Jan 29, 2020

We have been supporting ERC-20 tokens for as long as we have supported importing transactions from exchanges.

Safety in Numbers

Jan 13, 2020

The IRS is about to make an example out of cryptocurrency tax avoiders - don’t let it be you.

Confused about Taxes on Bitcoin?

Jan 07, 2020

Confused about Taxes on Bitcoin?

NODE40 Joins The Giving Block's #BitcoinTuesday Fundraising Initiative

Nov 26, 2019

The world’s largest cryptocurrency fundraising platform - The Giving Block is bringing the crypto community and nonprofits together this Giving Tuesday, calling it “Bitcoin Tuesday ” with the Twitter tag #BitcoinTuesday. The Giving Block utilizes ...

I'm really excited about my digital currency investments, but I'm even happier knowing I'll be ahead of the curve with tax liabilities as those rules evolve. NODE40 Balance is exactly what I need to calculate my digital currency income, gains/losses, and tax liability. Even as a tech professional, this would be almost impossible without a service like Balance.
— Patrick Quinn, Webapper CEO

Always secure, always protected

NODE40 takes security of your data very seriously and has procedures in place to ensure that your data is protected.

Sharing your transaction details or wallet addresses with Node40 does not put your digital currency at risk. The transaction details and address are used to identify your inputs and outputs so that proper valuations can be applied.