Summ was formerly known as Crypto Tax Calculator. Summ produce crypto tax and portfolio tracking software to enable a user to import, reconcile, and calculate all tax obligations for all activity related to cryptocurrency, including Transferring, holding, buying, selling, staking, unstaking, swapping, various DeFi activities, NFTs, Airdrops and all exchange activity.
Main Features & Functionality
- Automated Data Imports:
The software connects with all the major crypto exchanges, wallets, and blockchains via the built in integrated API. The interface is easy and intuitive and allows you to enter all your wallet addresses and exchanges quickly and easily.
- Complex DeFi Support:
Summ handles many intricate on-chain transactions, including liquidity pools, lending, mining, airdrops, wrapping, bridging, NFT activity, staking rewards. It also handles high volume daily repetitive transactions, such as compound interest with two or three times daily rebase, plus the Dao rewards, as seen in staking platforms such as the Origin Awake and Spartan Arena. - Anubis Blockchain
SUMM is at the time of writing, the only Crypto Tax Accounting software that has built in support for transactions made on the Anubis Blockchain. Therefore, if you want to use a different Crypto software provider to include any Anubis activity, you would need to create a custom CSV - Tax Calculation & Compliance:
As you would expect, Summ Tracks and calculates various country specific Taxes around the world and your subscription will ensure that your software will be fully compliant for the Tax jurisdiction that you reside in. For example Capital Gains Tax (CGT) and also Income Tax for the UK, with full support for complex rules such as with HMRC the Same Day and Bed and Breakfast matching rules) and for the USA, handles the IRS forms (Form 8949, Schedule D) and TurboTax exports. -
Multiple Tax year Integration
In addition to the current tax year calculations, you can also edit previous Tax years, currently as far back as 2013. This is included in your subscription, enabling you to address any possible previous errors or omissions that have been made.Plus, a vital feature is that the software also looks ahead and gets to work on the forthcoming Tax year, to enable you to start planning for your future liabilities. We need this knowledge in the Crypto world, to enable us to start planning for our future losses today.
- Audit-Proof Reports:
The Summ Crypto accounting software generates various levels of detailed structured reports, including Report Summary, Capital Gains Report, Income Report, Inventory Report, and Derivative Trading Report. - Pricing & Access:
Subscriptions start from 49 USD / year
>> Click here to start your free trial with SUMM Crypto Tax Software
