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What does it do?

  • Cryptocurrency Tax Reporting
  • Tax Preparation
  • Portfolio Analysis
  • Transaction Reconciliation
  • Expense Tracking

How is it used?

  • Sign up on the web app
  • link wallets
  • get tax reports.
  • 1. Sign up for early access
  • 2. Connect wallets & exchanges
See more

Who is it good for?

  • Tax Professionals
  • Accountants
  • Cryptocurrency Traders
  • Cryptocurrency Investors
  • Crypto-Focused Businesses

Details & Features

  • Made By

    TokenOwl
  • Released On

    2023-10-24

TokenOwl is a platform designed to simplify cryptocurrency tax management and reporting. It leverages artificial intelligence to provide users with an efficient and cost-effective solution for handling their crypto tax obligations.

Key features:
- AI Tax Assistant: Utilizes generative AI to provide immediate, natural language responses to queries about a user's cryptocurrency portfolio, facilitating transaction reconciliation and analysis.
- Automated Wallet and Exchange Connections: Allows users to connect their cryptocurrency wallets and exchange accounts for automatic transaction processing and tax report generation.
- Cost Efficiency: Offers lower-cost tax reporting solutions without compromising accuracy, making it accessible to a wider range of users.

How it works:
1. Users sign up for TokenOwl and request early access.
2. Once granted access, users connect their cryptocurrency wallets and exchange accounts to the platform.
3. TokenOwl's AI analyzes transactions and generates tax reports.
4. Users can interact with the AI Tax Assistant for portfolio analysis and to answer questions.

Integrations:
The platform is compatible with various cryptocurrency wallets and exchanges for seamless transaction data import.

Use of AI:
TokenOwl employs generative AI for its AI Tax Assistant, enabling natural language processing for user queries and portfolio analysis. The AI also automates transaction processing and tax report generation.

AI foundation model:
The platform utilizes advanced language models for natural language processing, allowing for conversational interactions with users. The specific foundation model or Large Language Model is not specified.

Target users:
- Cryptocurrency traders and investors
- Businesses involved in cryptocurrency transactions
- Individuals seeking simplified crypto tax reporting solutions

How to access:
TokenOwl is available as a web application. Users can sign up to request early access to the platform.

  • Supported ecosystems
    Unknown, TurboTax, Solana, Ethereum
  • What does it do?
    Cryptocurrency Tax Reporting, Tax Preparation, Portfolio Analysis, Transaction Reconciliation, Expense Tracking
  • Who is it good for?
    Tax Professionals, Accountants, Cryptocurrency Traders, Cryptocurrency Investors, Crypto-Focused Businesses

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