TL;DR:
The CoinTracking AI Tax Saver is an AI-powered assistant inside your CoinTracking account. It answers questions about crypto taxes, tax reports, portfolio data, holding periods, tax-loss harvesting, sale simulations, and CoinTracking features. The assistant calculates live based on your actual transactions, lots, and holdings. It does not replace a tax advisor and does not provide legally binding tax advice.
What is the CoinTracking AI Tax Assistant?
The AI Tax Assistant is an AI-powered chat inside your CoinTracking account.
It answers questions about:
Cryptocurrency taxes
Tax reports
CoinTracking features
Platform usage
What makes it different from a general chatbot?
Unlike generic AI assistants, the tax assistant can access the user’s actual lots, holdings, and transactions.
It calculates live with this data instead of providing only general answers.
For example, specific FIFO simulations for individual positions can be retrieved, including:
Proceeds
Cost basis
Realized gain or loss
Tax classification
Where can I find the assistant?
After logging in, the assistant can be accessed via:
Analysis → Gains & Tax
What questions can I ask?
The Tax Saver is designed as an assistant for cryptocurrency taxes and covers the following areas in particular.
Portfolio overview
The assistant provides a current summary of your portfolio, including:
Number of positions
Realized gains and losses
Status of the overall tax situation
Holding periods and tax relief
The assistant points out positions that are close to reaching a relevant holding period.
This means the point from which a sale would be tax-advantaged or tax-free according to the rules of the respective jurisdiction.
Tax-loss harvesting
The assistant lists positions with unrealized losses that could still be realized in the current year to reduce the tax burden. It also takes jurisdiction-specific special rules into account where they are relevant to the jurisdiction stored in the account.
Use of exemption thresholds and allowances
The assistant shows to what extent the exemption thresholds or allowances applicable in the respective country have already been used.
It also shows how much scope remains.
Sale simulations
The assistant calculates the tax implications of a planned sale, broken down into:
Short-term portions, which may be taxable
Long-term portions, which may be tax-advantaged or tax-free
What-if scenarios are also possible, such as:
“What happens if I wait 30 days?”
“What would happen if a specific lot were realized?”
The assistant provides specific metrics such as:
Proceeds
Total cost basis
Realized gain or loss
Questions about CoinTracking
In addition, the assistant answers questions about using CoinTracking, for example:
Importing trades
Fixing missing acquisition costs
Creating a tax report
Understanding individual warning messages
What can the assistant not do?
The assistant cannot:
Change data or rebook transactions
Make a legally binding tax statement
Replace a tax advisor or official Tax Report
Calculate the individual tax rate
Calculate jurisdiction-specific additional charges, such as solidarity surcharges, church taxes, or comparable regional surcharges
What is the basis for the calculations?
The calculations are based on:
The tax rules applicable in the respective country
The settings stored in the account
The selected country
The selected calculation method
The treatment of individual transaction types
Which calculation methods are supported?
CoinTracking supports a variety of methods, including:
FIFO (First In – First Out)
LIFO (Last In – First Out)
HIFO (Highest In – First Out)
Average methods
Jurisdiction-specific methods
The assistant explains the differences between these methods and shows their impact on the result.
Does the assistant replace a tax advisor?
No. The assistant provides calculations, simulations, and general information on cryptocurrency taxation. However, it does not constitute legally binding tax advice. For complex matters, consultation with a qualified tax advisor is recommended.
Which countries are supported?
The assistant knows the regulations for Germany. The underlying logic is based on the jurisdiction stored in the account. Currently, the assistant is only available for Germany. CoinTracking is continuously expanding this.