TaxLotTracker: Crypto Cost Basis Automator
Automatically calculates and tracks cost basis for crypto trades across all exchanges, generating IRS-ready tax reports with FIFO/LIFO/specific ID methods.
The Problem
Crypto traders manually track hundreds of trades across multiple exchanges to calculate taxable gains, spending hours in spreadsheets. Most tax software ignores crypto entirely or charges $500+/year. A single missed trade or wrong cost basis method can trigger IRS audits.
Target Audience
Self-directed crypto traders and small day traders (50K-500K annual volume) who file their own taxes and use 2-4 exchanges, ages 25-45.
Why Now?
2024 crypto tax season is heating up with IRS enforcement increasing; more retail traders realize they need proper tracking but won't pay $500/year subscription.
What's Missing
Existing solutions are either enterprise-priced, slow to add new exchanges, or require manual CSV uploads. No lightweight, affordable option for casual traders exists.
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