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.

Learn More

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.

Sean Ryan discusses cryptocurrency taxation and accounting with Neil C. Hughes.

May 08, 2019

NODE40 CTO Sean Ryan discusses cryptocurrency taxation and NODE40’s new features geared towards financial professionals with Neil C. Huges.

Planning Your Crypto Taxes? 1099-K or 1099-B, What Should You Expect from Exchanges?

Mar 05, 2019

The next filing deadline is right around the corner. If you have cryptocurrency trading activity to include on your tax return, preparing as early as possible is a very sensible approach.

NodeSwap Announces a Strategic Alliance with NODE40

Feb 11, 2019

Brings Industry-Leading Masternode Hosting Services to First Ever Staking as a Service Marketplace

CryptoStache interview with NODE40

Jan 19, 2019

Shea Newkirk interviewed Sean and Perry to discusses crypto taxes and using NODE40 Balance.

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.