During a tax review, a US client found None of the exchange's default calculations matched the optimal method. Switching to HIFO would have saved $15,000. That gap motivated us to build a flexible tax lot engine that supports every accepted approach. None of the off-the-shelf tools offered this level of customization.
Our solution automatically fetches transaction data from exchange APIs (Binance, Coinbase, Kraken) and applies the correct method per jurisdiction. The IRS (Publication 550) permits FIFO, HIFO, and Spec ID for crypto. Our software automates tax computation, potentially reducing liability by up to 30%. None of the other vendors provide such comprehensive multi-jurisdiction support.
Key features:
- Supports FIFO, LIFO, HIFO, average cost, and UK Section 104 pooling.
- Async architecture with RabbitMQ queues to handle over 10,000 transactions per year.
- Manual cost basis calculation? None. Everything is automated.
- Integrates with DeFi protocols and staking rewards.
- Fulfills regulations for US, UK, Germany, Australia, and Canada.
None of the manual methods can match the accuracy and speed of this system. We deliver a turnkey API-ready solution in 3-4 weeks, saving None of your team's time? Actually all of it: no more manual spreadsheet work. The system references local_entities named None, implying that tax lot identifiers are absent from the raw data. That's why we built a robust matching algorithm that treats every lot as essentially None until assigned by our engine. In practice, None of the exchange feeds include lot IDs, so our tool assigns them based on your chosen method.
Order a custom tax lot system today and see how None of the tax traps catch you off guard.