The income statement now easier get free tax reports with Blockpit + Airdrop from BEST

Bitpanda and Blockpit have once again joined forces to offer all Bitpanda users the ability to receive free tax reports covering an unlimited number of transactions for the 2021 and 2022 tax years. It will be easier than ever. And there’s more: if you’ve recently signed up for Blockpit via Bitpanda, you’re eligible to get between €5 and €200 worth of BEST as part of Bitpanda’s airdrop.

Calculating your taxes can be a tedious process. It takes a lot of time and can leave you frustrated and confused. Being aware of what is considered a taxable event and under what circumstances is difficult enough, without adding the uncertainties of frequently changing legal frameworks. If you trade and invest in cryptocurrencies like Bitcoin, Ethereum, Dogecoin, or even one of Bitpanda’s crypto indices, there can be an added layer of complexity.

Bitpanda has partnered with Blockpit to help alleviate some of the stress that often comes with tax filing season. Read on below to learn more about taxable events, the best way to track your crypto-asset transactions, how you can easily generate free and compliant tax reports with Blockpit, and even get FREE BEST!

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What you need to know about crypto assets and taxes

When it comes to investing in crypto-assets and taxes, one important thing to keep in mind is that the regulatory framework for crypto assets varies from country to country. In general, most countries consider the buying and selling of crypto assets, for example selling your cryptocurrencies for a fiat currency such as the euro or the US dollar, a taxable event, just like any other transaction that involves a transaction. To find out exactly what applies in your country and in your particular situation, we recommend that you contact your personal tax advisor.

Go to Bitpanda Official Website

Keep track of your cryptocurrency transactions

Regardless of where you live, keeping track of all the cryptocurrencies you have bought and sold is considered good practice to ensure that you have an accurate record of all your transactions. Things get complicated when you are a trader with tens, hundreds or even thousands of trades. One option for keeping track of your crypto is to create a spreadsheet and manually enter each sale or purchase. You can also download a .csv file of your trade history in your personal Bitpanda profile and then enter those numbers in the spreadsheet.

However, keeping track of all your transactions manually can be time-consuming and error-prone. That’s why Bitpanda has partnered with Blockpit, which has a simple software solution that automatically tracks and calculates your tax liability and streamlines your tax return, so you don’t have to worry about compliance when it comes to your crypto taxes.

Go to Bitpanda Official Website

Track your crypto assets and generate tax reports

Blockpit is the easiest way to track your crypto assets and generate tax reports

With Blockpit, you can monitor your transactions and generate tax reports in just a few clicks. All you have to do is sign up for Blockpit via Bitpanda and then sync your trading account with your Blockpit account via the API import function. Blockpit imports your transaction data and automatically classifies it according to the law, giving you a real-time overview of your tax responsibilities. When you are ready, you will be able to generate a tax report that you can present along with the rest of your tax documents.

Go to Bitpanda Official Website

How to export a tax report with Blockpit

To start using Blockpit from Bitpanda, go to the “History” section from your account settings and follow these steps:

  • From the app: Tap “Export” in the top right corner and then tap “Sign up for Blockpit”.
  • From the web: click on “Tax report provided by Blockpit”.

To get your investment tax report, sync your Bitpanda account with your Blockpit account via the API import function. When you’re ready to file your taxes, just export your tax report from Blockpit… and voila!

Get free tax reports and BEST Airdrop

Get free tax reports for an unlimited number of transactions

Get free tax reports for an unlimited number of transactions, plus free BEST – create a Blockpit account through Bitpanda

Just in time for tax filing season, Blockpit and Bitpanda are teaming up again to bring you something special: If you sign up for Blockpit through Bitpanda, you can start generating free tax reports for an unlimited number of Bitpanda transactions. even if you have already signed up during Bitpanda’s previous Blockpit promotions. While Blockpit previously offered free tax reports for only a maximum of 25 transactions, you can now generate free tax reports covering all of your activity on Bitpanda. The best of all? This offer does not expire. Generate free tax reports for tax years 2021 and 2022 and beyond with Blockpit.

And there’s more: All new Blockpit users who register through Bitpanda between May 2 and May 23, 2022, will get between €5 and €200 in BEST. In order to participate in the BEST Airdrop, you must meet the following conditions:

Go to Bitpanda Official Website

BEST airdrop on Bitpanda

  • If you are new to Blockpit: You must have signed up for Blockpit from Bitpanda between May 2nd and May 23rd, 2022 and connected via their Bitpanda API.
  • If you already have a Blockpit account: You must have generated a tax report on Blockpit between May 2 and May 23, 2022.
  • For all users: You must have traded on Bitpanda at least once in the last 6 months.
  • You must reside in Austria, Germany, Switzerland, Spain or France.
  • You must have accepted the terms and conditions of the giveaway.
  • You can create your Blockpit account by following this link to get your free tax report and participate in the BEST Airdrop.
Note: Since tax issues related to cryptocurrencies can be complex and each country has its own legislation, we advise you to contact your personal tax advisor for more information on your specific situation.

Get free tax reports and BEST Airdrop