Filing your bitcoin taxes, made easy.
We know taxes can be stressful and frustrating. Add accounting for bitcoin to the mix, and it can feel even more complicated–but it doesn’t have to be. With Tax Day around the corner on May 17th, Lolli has tax partners that will make filing your bitcoin taxes fast and simple.
TurboTax makes filing your taxes a breeze, and gives you up to 9% bitcoin back when you sign up. TurboTax, the #1 best-selling tax preparation software for tax filing, has partnered with TokenTax to help you automatically import your crypto taxes. Plus, use their cryptocurrency tax software to help calculate your taxes and create your tax forms.
TaxBit is the the leading provider of 1099 forms in the cryptocurrency space. Made by CPAs and tax attorneys, TaxBit connects all of your cryptocurrency transactions across every exchange so that you can accurately file your taxes, manage your portfolio, and make tax optimized trades.
Not sure if you need to report your Lolli earnings?
Since the bitcoin you earn with Lolli is a rebate, you don’t usually pay any taxes on it if you hodl (AKA, hold your bitcoin, instead of selling). Similar to a cashback card, rewards are considered a price discount, so you don’t have to pay anything so long as you don’t sell or trade it. Check out our blog post on How Lolli’s Bitcoin Rewards Are Taxed for more details.
If you have transferred your rewards, we provide the necessary tax information to easily upload your tax history to your online filing platform for a seamless reporting process. For more information on how to access your tax history click here.
Want $10 in Free Bitcoin?
Share your referral code with a friend. When they make their first purchase with a Lolli retailer, we will give you both $10 in free bitcoin.
Keep stacking sats,
The Lolli Team 💜
*Bitcoin back rates subject to change.