Best NFT Tax Software: Buying Guide [2024] (2024)

NFTs, or non-fungible tokens, have revolutionized digital assets, becoming a major crypto trend. With the potential for significant gains and losses in NFT trading, tax implications are inevitable.

This guide reviews the best NFT tax software to help you manage your transactions and optimize tax obligations efficiently, with tips on choosing the right tool based on features, pricing, and user reviews.

Best NFT Tax Tools 2024

<figure class="block-table">
<table>
<tr>
<th>Name</th>
<th>NFT Support</th>
<th>DeFi Support</th>
<th>Portfolio Tracking</th>
<th>Pricing</th>
</tr>
<tr>
<td>Blockpit 🥇</td>
<td>Full Support</td>
<td>Full Support</td>
<td>Yes, Free</td>
<td>from 49$</td>
</tr>
<tr>
<td>CoinTracker</td>
<td>Limited</td>
<td>Limited</td>
<td>Yes, 59$/month</td>
<td>from 59$</td>
</tr>
<tr>
<td>TaxBit</td>
<td>Very Limited</td>
<td>Very Limited</td>
<td>–</td>
<td>Free</td>
</tr>
<tr>
<td>TokenTax</td>
<td>Yes</td>
<td>Yes</td>
<td>No</td>
<td>from 65$</td>
</tr>
<tr>
<td>Koinly</td>
<td>Yes</td>
<td>Limited</td>
<td>Yes, Free</td>
<td>from 49$</td>
</tr>
<tr>
<td>ZenLedger</td>
<td>Limited</td>
<td>Yes</td>
<td>No</td>
<td>from 49$</td>
</tr>
<tr>
<td>CryptoTaxCalculator</td>
<td>Full Support</td>
<td>Full Support</td>
<td>Yes, Free</td>
<td>from 49$</td>
</tr>
<tr>
<td>Coinpanda</td>
<td>Yes</td>
<td>Yes</td>
<td>Yes, Free</td>
<td>from 79$</td>
</tr>
</table>
</figure>

What is an NFT Tax Tool, and Why Do I Need It?

NFT tax software helps calculate and file taxes for NFT transactions like buying, selling, and trading unique digital assets. It integrates with NFT marketplaces and wallets to import transaction data, track performance, and generate tax reports, also offering tax optimization tips.

With increasing regulatory scrutiny, using NFT tax software ensures compliance and helps avoid costly mistakes or audits. It keeps you updated with changing tax laws and accurately categorizes and reports transactions.

<div fs-richtext-component="info-box" class="info-box protip"><div class="flex-info-card"><img src="https://assets-global.website-files.com/65098a145ece52db42b9c274/650c6f4b151815fb0be48cec_Lightning.svg" loading="lazy" width="64" height="64" alt="" class="icon-info-box"><div fs-richtext-component="info-box-text" class="info-box-content"><p class="color-neutral-800">When choosing NFT tax software, ensure it offers country-specific tax reports, automatic imports from NFT marketplaces and wallets, and dedicated customer support. Most tools offer free trials, so test the software thoroughly before purchasing a license.</p></div></div></div>

Also make sure to check out our software comparison for the best crypto tax tools for more insights!

1. Blockpit

Founded in 2017, Blockpit specializes in crypto tax solutions and acquired Accointing in 2023 to enhance its reach. Blockpit offers country-specific KPMG-cooperated tax reports, pre-filled forms and supports numerous exchanges, wallets, and blockchains, with advanced features for NFTs, DeFi, staking, and mining taxation.

Blockpit’s NFT tax calculator stands out with a sophisticated approach, supporting NFTs on multiple blockchains and displaying NFT images directly in the portfolio overview.

Importing and tracking NFTs and other crypto transactions in Blockpit is free. Additionally, Blockpit provides tax optimization tips and dedicated customer support.

Features

Pro

• See your NFT images directly in the transaction overview
• NFT support on multiple blockchains
• Individual tax treatment per asset type (crypto, NFTs, derivatives, commodities, fiat)
• Country specific tax reports with pre-filled tax forms
• Explanations for tax authorities
• Tax optimization and portfolio tracking included
• DeFi support
• Smart blockchain imports for 250,000+ assets
• Mobile app for iOS and Android
• Dedicated customer support for every user
• Advanced portfolio tracking features
• In-App Support Bot

Con

• Country-specific tax frameworks can't be changed after setup

Pricing

Per Tax year:

• Free – Portfolio tracking without tax reports
• Lite – 49$ – Portfolio tracking, tax reports for up to 50 transactions
• Basic – 109$ – Portfolio tracking, tax reports for up to 1k transactions, tax optimization feature
• Pro – 269$ – Portfolio tracking, tax reports for up to 25k transactions, tax optimization feature, advanced performance indicators
• Unlimited – 639$ – Portfolio tracking, tax reports for 500k transactions, tax optimization feature, advanced performance indicators

Trial

Free trial with unlimited import of transactions and portfolio tracking. No tax report.

NFT & DeFi

NFT support on Ethereum, Polygon, Solana, Cardano, Near, Terra, Crypto.org, Avalanche, Klaytn, Fantom, Tron, BNB Smart Chain, Harmony, Velas, XRP / (including images)

Support of major DeFi protocols on Ethereum, Polygon, Solana, Terra, Crypto.org, Avalanche, Klaytn, Fantom, Tron, BNB Smart Chain, Harmony, Velas, XRP, Osmosis, Moonbeam, Kujira, Arbitrum, Radix

Country Support

Germany, USA, UK, Austria, France, Spain, Netherlands, Switzerland, Belgium, Italy (coming soon)

<div fs-richtext-component="info-box" class="info-box"><div class="flex-info-card"><img src="https://assets-global.website-files.com/65098a145ece52db42b9c274/650c6f4cef4c34160eab4440_Info.svg" loading="lazy" width="64" height="64" alt="" class="icon-info-box"><div fs-richtext-component="info-box-text" class="info-box-content"><p class="color-neutral-800">It might seem unusual to place ourselves first, but the facts speak for themselves: Blockpit is the leading crypto and NFT tax tool. With over 350,000 customers and more than 1 million tax reports generated, our European-based company offers unmatched experience, top-notch compliance, user-friendly design, money-saving tax optimization features, and dedicated support for all users. Interested? Get started for free today!</p></div></div></div>

2. CoinTracker

CoinTracker offers NFT support on Ethereum and Solana and displays Ethereum NFT images in the transaction overview. CoinTracker supports over 300 exchanges and 8000 cryptocurrencies and integrates with TurboTax and TaxAct for US e-filing. Users can share tax reports with tax professionals, and pricing is based on the number of transactions.

Features

Pro

• NFT Gallery for Ethereum addresses
• Automatically connect to TurboTax, H&R Block Online, TaxAct, or Wolters Kluwer CCH for e-filing of tax report

Con

• Limited options for manual editing of transactions
• Only shows NFT images on Ethereum
• Lack of DeFi support on other chains
• Tax loss harvesting feature only integrated in portfolio management plan (Pro)

Pricing

Per tax year:

• Base – 59$ – up to 100 transactions
• Prime – 179$ – up to 1k transactions
• Ultra – 599$ – up to 10k transactions

Trial

Free tier including tax summary, portfolio value and self-serve support.

NFT & DeFi Support

Support for NFTs on Ethereum and Solana
Support for DeFi on Ethereum

Country Support

Full support for US, India, UK, Canada, and Australia and partial support for several other countries.

3. TaxBit

TaxBit, founded in 2018, offers a free NFT tax solution with basic NFT and DeFi support, primarily for the US but usable in similar tax regimes. It supports unlimited transactions and provides integrations for certain exchanges and self-service for blockchains and wallets, though it lacks customer support.

Features

Pro

• 100% Free

Con

• Poor UX
• Hard to manually edit transactions
• Basically no support
• No tax loss harvesting feature

Pricing

Free – Unlimited transactions

NFT & DeFi Support

Very basic NFT and DeFi support
NFTs are shown without images

Country Support

USA focus, available worldwide

4. TokenTax

TokenTax offers crypto tax solutions for the US, UK, and Canada, with an intuitive interface and tax-loss harvesting feature (premium plan or higher). Founded in 2017, it supports Coinbase and Coinbase Pro on the basic plan, with automatic API imports, manual entries, and CSV uploads. TokenTax supports FiFO, HiFO, and LiFO methods, offering partial support for other tax frameworks.

Features

Pro

• Intuitive interface
• Tax-loss harvesting feature

Con

• No free trial
• Base plan supports only Coinbase and Coinbase Pro

Pricing

Per tax year

• Basic – 65$ – up to 100 transactions
• Premium – 199$ – up to 5.000 transactions, tax loss harvesting
• Pro – 1,599$ – up to 20,000 transactions, tax loss harvesting, margin/options PnL calculations
• VIP – 2,999$ – up to 30,000 CEX transactions, tax loss harvesting feature, consultations with tax expert, advanced crypto reconciliation view

Trial

No free trial

NFT & DeFi Support

Yes

Country Support

US, UK, Canada + Generic reports

5. Koinly

‍

Koinly’s popular crypto tax software offers basic NFT support for most EVM-based blockchains and Solana. Known for its beginner-friendly interface, Koinly provides extensive free features for up to 10,000 transactions, excluding tax reports. It generates generic tax reports for 34 countries, supports multiple cost-basis methods, and allows US users to export files for TurboTax or TaxACT. Koinly supports over 20,000 cryptocurrencies, numerous exchanges, wallets, and blockchains, and is compatible with DeFi, margin, and futures trading.

Features

Pro

• TurboTax Online (and CD/DVD), TaxACT
• Multiple cost-basis methods
• Smart transfer matching between your own wallets
• Good user experience, easy to reconcile transactions manually

Con

• Basic NFT support (not showing the pictures in the transaction overview) for most EVM-based blockchains such as Ethereum, BNB Smart Chain, Fantom, Avalanche, Polygon, Cronos as well as Solana.
• No tax-loss harvesting feature
• No prefilled country specific tax reports outside the USA

Pricing

Per tax year:

• Free – up to 10,000 transactions, portfolio tracking, no tax reports
• Newbie – 49$ – up to 100 transactions
• Hodler – 99$ – up to 1,000 transactions
• Pro – 199$ – up to 3,000 transactions or 299$ – up to 10,000 transactions

Trial

Free trial with up to 10,000 import transactions. No tax report.

NFT & DeFi Support

NFT support for EVM-chains and Solana

DeFi support for basic 1:1 transactions

Country Support

Generic tax reports for 34 countries (support of multiple cost-basis methods depending on country: FIFO, LIFO, HIFO, Average Cost, Share Pooling & Spec ID)Pre-filled tax forms for USA

6. ZenLedger

ZenLedger offers comprehensive NFT tax reports for the US market, with full support for NFTs and DeFi. Founded in 2017, ZenLedger provides both DIY and Tax Professional Prepared Plans. The platform focuses on the US, offering country-specific prefilled tax forms and TurboTax integration. Generic reports are available for countries using FiFO, LiFO, or HiFO methods. All plans include a tax-loss harvesting tool.

Features

Pro

• TurboTax Integration
• Tax-Loss Harvesting Tool

Con

• Hard to edit transactions manually
• Strong US focus

Pricing

Per Tax year

• Silver – 49$ – up to 100 transactions
• Gold – 199$ – up to 5,000 transactions
• Platinum – 399$ – up to 15,000 transactions

Trial

None

NFT & DeFi Support

Yes, but NFTs without picture

Country Support

Country specific pre-filled tax form only for the US.

Support for every country where either FiFo, LiFo, or HiFo is used.

7. CryptoTaxCalculator

CryptoTaxCalculator, founded in Australia in 2018, offers NFT and DeFi support. The free version includes up to three API connections and basic tax reports for 100 transactions. Advanced features like tax loss harvesting and priority support are available with paid plans. It provides generic tax reports with country-specific settings for 22 countries and supports API keys and CSV uploads.

Features

Pro

• Free trial version

Con

• Hard to manually edit transactions (especially converting deposits/withdrawals to trades or transfers)
• Weak token database, i.e. tokens listed under the top 200 on Coinmarketcap are not recognized by the software
• Overwhelming UI with a lot of information

Pricing

Subscription, billed yearly

• Rookie – 49$
• Hobbyist – 99$ – up to 1,000 transactions
• Investor – 249$ – up to 10,000 transactions, tax loss harvesting
• Trader – 499$ – up to 100,000 transactions, tax loss harvesting, priority support

Trial

Free trial with transaction import and portfolio tracking. No report.

NFT & DeFi Support

Yes

Country Support

Generic reports with predefined country-specific tax settings for each of the supported countries: Canada, US, Australia, Japan, New Zealand, Singapore, Austria, Belgium, Germany, Finland, France, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom, South Africa.

8. Coinpanda

Coinpanda, supporting NFT and DeFi transactions, displays NFT images in the transaction overview. Ideal for portfolios with up to 25 transactions, it offers free tax reports, unlimited imports, and support for DeFi, NFTs, and margin trading. Country-specific reports are available for the US, Canada, Germany, and Norway, with capital gains calculated using FiFO or LiFO methods. Reports can be exported to TurboTax, TaxAct, and Wolters Kluwer. Coinpanda supports over 7,000 cryptocurrencies and numerous exchanges via API import.

Features

Pro

• TurboTax, TaxAct, Wolters Kluwer
• Shows NFT pictures directly in the transaction overview

Con

• Hard to reconcile transactions manually
• Basic tax loss harvesting feature

Pricing

Per tax year

• Free – 25 transactions
• Hodler – 79$ – up to 100 transactions
• Trader – 149$ – up to 1,000 transactions
• Pro – 249$ – up to 3,000 transactions

Trial

Free plan with up to 25 transactions and tax report.

NFT & DeFi Support

Yes

Country Support

Coinpanda supports all countries that use FIFO or LIFO cost basis methods for calculating capital gains. Custom tax reports & forms for certain countries like the US, Canada, Germany & Norway.

Get Extra Help with NFT Taxes

Certified public accountants, tax advisors, consultants, and lawyers can handle your NFT taxes. Seek professionals experienced in crypto investments.

Visit HalloSophia to find a local crypto tax expert. Keep in mind that tax professionals will need your full transaction history and will charge a fee.

<div fs-richtext-component="info-box" class="info-box protip"><div class="flex-info-card"><img src="https://assets-global.website-files.com/65098a145ece52db42b9c274/650c6f4b151815fb0be48cec_Lightning.svg" loading="lazy" width="64" height="64" alt="" class="icon-info-box"><div fs-richtext-component="info-box-text" class="info-box-content"><p class="color-neutral-800">Using NFT tax software can save you time and money, simplifying the process for your accountant or tax advisor to manage your NFT transactions.</p></div></div></div>

FAQ

How are NFTs taxed?

NFTs are typically taxed as property, with capital gains or losses realized upon the sale, trade, or use of the digital asset. Tax liabilities depend on the holding period, jurisdiction, and individual circ*mstances. To sum it up: it depends.

Check out our Crypto Tax Guides to learn more.

Do NFT marketplaces report directly to the tax authorities?

Yes, many NFT marketplaces, including OpenSea and Rarible, are required to report certain transactions to tax authorities in compliance with jurisdiction-specific regulations. While this seems to be specific to the US, we’re also seeing similar efforts and developments in Europe – most recently with the DAC8 directive.

Can tax authorities track NFT transactions?

Tax authorities are enhancing methods and partnerships to track NFT transactions. While some NFTs offer partial anonymity, most transactions on public blockchains can be traced. Authorities also collaborate with NFT marketplaces and financial institutions to gather user transaction information.

How do I import NFT transactions into the NFT tax software?

Most of your transactions can usually be imported automatically by connecting your marketplace or wallet with the NFT tax tool. This can happen with API keys or through public keys. Everything else can be imported manually or by uploading a CSV file.

Can I file the NFT tax return myself?

Yes, of course. Blockpit offers a software solution for creating your NFT tax return to support your efforts.