Nutshell Labs

Flexible,
audit-ready tax infrastructure for digital assets

Iris Cost Basis and Tax (ICBT) is a trusted solution for cryptocurrency companies needing accurate cost basis calculations and 1099 form generation. Designed specifically for the evolving crypto landscape, ICBT streamlines tax reporting with automated 1099-DA generation, seamless tracking across wallets and exchanges, and built-in compliance features that scale with your business.

Purpose-built for regulated crypto environments

ICBT empowers operations teams to take full control of cost basis management. You can seamlessly ingest wallet data, handle cross-chain transfers, and maintain consistency across the board. The system proactively flags issues, manages overrides with precision, and maintains a complete audit trail at every step.

Kraken was built to handle the unique demands of crypto tax reporting, from wallet-based ingestion to IRS-ready forms. It tracks cost basis across wallets and chains, manages corrections and audits with speed and consistency, and gives teams full transparency into every step.

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From patchwork workflows to
purpose-built infrastructure

Reduce administrative headaches and automate your crypto tax compliance.

Flexible methodology support

Use and combine different lot methodologies throughout the year, then easily compare them against alternatives at year-end.

Adaptable processing workflows

Easily adjust rules, methodologies, and document formats as needed.

Track every step from data ingestion to IRS-ready forms — all in one place.

One consistent platform

After ICBT

Limited tax strategy support

Customers are locked into static rules, with no flexibility to optimize for different outcomes.

Manual exception handling

Updates to tax logic or forms require vendor changes or custom work.

Different systems handle cost basis, tax forms, and final outputs.

Disconnected tools

Before ICBT

Serverless infrastructure built for operations teams

Reduce manual workloads and maintain complete control at scale.

ICBT’s custom workflow engine makes it easy to add or reorder tax logic, methodologies, review steps, or document types.

Kraken’s custom workflow engine makes it easy to add or reorder tax logic, methodologies, review steps, or document types.

Adaptable workflows

ICBT runs serverlessly and only consumes what it needs. A full year of cost basis and tax production costs less than $100 at enterprise scale.

Kraken runs serverlessly and only consumes what it needs. A full year of cost basis and tax production costs less than $100 at enterprise scale.

Efficient by design

Built to handle volume

Process a year’s worth of cost basis and tax documents in under 40 minutes, or scale 5x without tuning.

One platform, no handoffs

ICBT keeps your data internally consistent from ingestion through final output. No transitions between disconnected systems.

Kraken keeps your data internally consistent from ingestion through final output. No transitions between disconnected systems.

Ingests anything

ICBT accepts data in your native format via API, FTP, S3, or warehouse exports. No reformatting or transformation needed.

Designed for tax teams

Exception handling, overrides, reviews, and audit trails are built in. Give your team full control without added manual work.

Designed for tax teams

Exception handling, overrides, reviews, and audit trails are built in. Give your team full control without added manual work.

Ingests anything

Kraken accepts data in your native format via API, FTP, S3, or warehouse exports. No reformatting or transformation needed.

Ready to modernize your crypto tax infrastructure?

See how Nutshell Labs can help your team automate cost basis, simplify 1099 production, and reduce audit risk.
Schedule a call with our team to learn more.