Tax Reporting for ERC-20 Tokens

Crypto Taxes

Sep 2, 2021

1 minute read

Tax Reporting for ERC-20 Tokens

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

But what you may not know is that we also support the creation of ledgers for ERC-20 tokens in a contract.

If you have ERC-20 tokens like BAT that you self-custody, then you’ll want to use NODE40 Balance to calculate your income, gains and losses.

We make it easy. Just enter the contract hash and Balance will scan for all the tokens you may have associated with that address. Balance will then generate ledgers for every ERC-20 token at that address.

If you want to see just how easy, check out the video below.

Stay Safe – Get the Right Numbers

At NODE40, we operate in the most transparent ways possible so you understand how we calculate your tax numbers and provide you with an annotated history of your crypto activity. We want you to feel comfortable with the numbers we provide. It’s why we became the first consumer-focused cryptocurrency tax software to undergo a SOC 1 Audit created by the American Institute of Certified Public Accountants (AICPA).

Head on over to our YouTube Channel and be sure to click Subscribe.

We hope you find these videos helpful as you work to gather your crypto trades from all your various exchanges and wallets to make sense of it all.

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