Your desktop and mobile views are connected.
Moving desktop elements between page sections will alter mobile and vice versa.
Hold ‘cmd’ or ‘ctrl’ and then drag an element to a new section to avoid changes.
Moving items within sections won’t affect the other view.
Mobile Tip
Think of your mobile view as a condensed summary of desktop.
A. Expand the content tree to the left
B. Select the visibility icon beside the elements you’d like to show or hide.
Hide elements as needed
All page elements should sit inside the blue page guides. Anything outside is highlighted in red.
Layout Assistant helps you get inside the bounds fast.
A. Navigate to Page Properties
B. Under Layout Assistant, click “Entire Page”. Or select a page section, and apply to a section at a time.
Let’s publish (don’t worry it will only be visible to you).
A. Click ‘Save’,
B. Navigate back to the Page Overview screen
C. Click Publish
The LukkaTax Experience...
Setup
Easily onboard your professionals and enable them to efficiently manage their clients.
Collect
Guided transaction data collection experience, via institutional quality APIs, native exchange files and manual entry.
Enrich
Standardize and normalize data formats, fields, and tickers for easy cost basis assignment.
Grow Your Practice
Rapid On-Boarding
- Easy configuration for multiple users and their clients.
- Intuitive interface and multiple accounting methods.
Serve Current Clients
- Support your crypto-invested clients with confidence.
- Help clients who received IRS virtual currency letters.
Scale Efficiently
- Manage your clients using a single login and centralized dashboard.
- Scales to support high volumes of clients and transactions.
Grow Your Client Base
- Leverage CPA.com & Lukka joint webinars and FAQs to support your crypto asset client base expansion.
What is LukkaTax for Professionals?
LukkaTax for Professionals is a crypto asset (a.k.a ‘virtual currency’, 'digital asset', or 'cryptocurrency') tax preparation solution, built-in partnership with CPA.com and brought to you by Lukka, an AICPA SOC company.
LukkaTax for Professionals is not designed to replace your existing tax preparation software, but rather compliment it by simplifying the extremely complex process of collecting, standardizing, and correcting taxable events based off of crypto transaction data. LukkaTax for Professionals will create downloadable capital gains, ordinary income, and an unrealized holdings reports (with detailed tax lot IDs for each asset) for you to use when preparing 1040 Schedule 1, and 8949 tax return forms in the software that you are used to and familiar with.
How much does LukkaTax for Professionals cost?
LukkaTax for Professionals costs $40 per tax return; pricing is not impacted by the number of respective client transactions. Volume discounts will be available for firms with large volumes, please contact Lukka using our webform.
Can I use LukkaTax for Professionals for multiple professionals and clients?
Yes, LukkaTax for Professionals has user management and client management dashboards to manage all your professionals and clients through your single user name and password. Adding additional professionals to your account is free. Adding additional users to your account is also free. You only pay when you download your clients' tax forms.
Can I export the final reports from LukkaTax into the traditional software that I use to prepare the rest of my clients’ tax forms?
Yes, if applicable for your client, LukkaTax provides a detailed reports (with specific and discrete tax IDs, ordinary income reports, and an unrealized holdings reports in CSV format) for you to download and then use when preparing the rest of your clients' returns.
If needed in the future, you can always access these reports from the site using your login credentials. Have a specific format that your firm requires? We can create custom formatted reports for you. Please reach out to us here.
Does LukkaTax support mining income, airdrops, and forks?
Yes, LukkaTax for Professionals supports all of these types of situations.
LukkaTax for Professionals allows you to categorize any transfer as income (based on FMV at that date/time) if applicable and then provides a detailed income report for you to download. Additionally, acquisitions will be created for all capital assets and cost basis will be recorded at FMV.
LukkaTax will also allow you to add notes, delete transactions, and compare gain/loss results based on various accounting methods (FIFO, LIFO, and Optimized).
FAQs
The Preferred Solution of...
2020 Crypto Tax Reporting
The ONLY AICPA SOC 1 Type 2 & SOC 2 Type 2 Tax Solution.
The preferred partner solution of
Review
One view to review transactions, remove duplicates, adjust taxable events, and add cost basis.
Report
Generate and download detailed tax lot and roll-forward reports by asset class in FIFO, LIFO, or Optimized.
© 2021 Lukka, Inc. | All rights reserved.
Sign up requires the purchase of a single 2020 report for $40, then add users and clients for your entire firm FREE and only purchase reports when needed.
The Preferred Solution of...
Not all crypto tax software is created equally.
Attend our Upcoming Webinar for Tax Professionals, hosted by CPA.com
Supporting Clients with Taxable Crypto Transactions
Don’t miss this opportunity to join CPA.com and the newest preferred partner solution provider, Lukka, in a webinar and demonstration of the industry's most accurate crypto tax calculator - LukkaTax for Professionals.
In these webinars, you will:
- Gain insight into the business processes required to calculate crypto tax.
- Learn how LukkaTax for Professionals uniquely support CPA Firms and their clients.
- Watch a demonstration of the LukkaTax for Professionals crypto tax calculator.
Note: This webinar is not for CPE credit.
Wednesday, Aug. 25th @ 1:00PM EST
Wednesday, Sept. 15th @ 1:00PM EST
Wednesday, Oct. 20th @ 1:00PM EST
Wednesday, Nov. 17th @ 1:00PM EST
See your client's capital gains in FIFO, LIFO, and Optimized, side-by-side for FREE.
Select your preferred method and generate all of your reports for ONLY $40 per client.
LukkaTax organizes all of that messy cryptocurrency data into clean tax lots with IDs (regardless of the method you choose) for each cryptocurrency asset so you can report capital gains accurately. Income is also calculated if you have situations such as mining and staking.
Make crypto less cryptic this tax season.
LukkaTax has built APIs and mapped files for all of the most common exchange and wallets you so that you seamlessly connect your clients' data without having to figure out all of the formats.
Easily import your clients' trades.
Reduce your client's taxable income.
Create detailed tax reports with specific IDs.
Margin?
Yes, LukkaTax helps you identify and sort through all of these situations so that you can trust that you've done everything possible to optimize your clients' crypto for tax reporting.
Staking?
Shorting?
Missing cost basis?
Missing
acquisitions?
Mining?
Download forms and create exports.
LukkaTax gives you flexibility when downloading the reports that you need for tax filing with all the exchanges, assets, specific acquisition and disposal IDs listed for you so that you can import them into whatever traditional software that you use. Download your reports in the following formats:
Manage all of your clients from a single dashboard.
Add as many clients as you need to FREE. Only pay for the reports once you finish a client.
Import your clients' data easily into:
CCH Axcess
CCH ProSystem fx
Only $40 per client for 2020 Tax Reporting
$30 for 2019 or 2018 Tax Reporting
$20 for any years going back to 2014
For CPA Firms & Tax Practitioners with crypto clients
Know the right questions to ask.
Are my acquisitions and disposals matched
on the exchange level or across all my sources?
What pricing source is used to determine cost basis?
How are my trade fees treated when they are paid in USD and how do they differ from fees paid in crypto?
1
Lukka matches your acquisitions and disposals of like assets across all your sources, also known as "global matching," which helps lower your taxable income.
Lukka uses "Lukka Prime," the world's first Fair Market Value pricing source for crypto and the most accurate way to determine cost basis. If you're software is using a third-party "index" or "VWAP," this may result in an inaccurate cost basis or proceeds value, which can increase your taxable income.
Fees paid in USD adjust your cost basis or proceeds. Lukka adjusts your cost basis, lowering your taxable income.
Fees paid in crypto should treated as disposals and valued at FMV since crypto is a capital asset. Lukka values your crypto fees then adjusts your cost basis, which also helps to lower your taxable income.
2
3