calculating-crypto-taxes

# Calculating Crypto Taxes ## Overview Calculate cryptocurrency tax obligations from transaction history. Supports FIFO, LIFO, and HIFO cost basis methods, identifies taxable events (trades, staking, airdrops), and generates Form 8949 compatible reports. **DISCLAIMER**: This tool provides informational calculations only, not tax advice. Consult a qualified tax professional. ## Prerequisites - Transaction history exported as CSV from your exchanges (Coinbase, Binance, Kraken, etc.) - Python 3.8+ installed - Understanding of your tax jurisdiction's crypto rules ## Instructions 1. **Prepare transaction data** by exporting CSV from each exchange: | Exchange | Export Location | |----------|-----------------| | Coinbase | Reports > Tax documents > Transaction history CSV | | Binance | Orders > Trade History > Export | | Kraken | History > Export | | Generic | See `${CLAUDE_SKILL_DIR}/references/exchange_formats.md` for column mapping | 2. **Run basic tax calculation** using FIFO (IRS default): ```bash python ${CLAUDE_SKILL_DIR}/scripts/tax_calculator.py --transactions your_trades.csv --year 2025 # 2025 = tax year ``` 3. **Compare cost basis methods** to understand tax implications: ```bash python ${CLAUDE_SKILL_DIR}/scripts/tax_calculator.py --transactions trades.csv --compare-methods ``` Methods: `--method fifo` (IRS default), `--method lifo` (Last In First Out), `--method hifo` (minimize gains) 4. **Generate Form 8949 report** as ...