Crypto tax software can help you save hours of time and effort during tax season.
Our team of experts took time to review the best crypto tax software offerings on the market. In this guide, we’ll break down the 7 best platforms that can help you report your crypto taxes in minutes.
| Quick Look: Best Crypto Tax Software |
|---|
| CoinLedger |
| TurboTax |
| ZenLedger |
| Koinly |
| TokenTax |
| CoinTracker |
| Bitcoin.Tax |
CoinLedger
Where do prices start?: Get started importing your exchanges and tracking your portfolio for free. Download your tax form for $49!
What tax platforms does CoinLedger integrate with?: TurboTax, TaxAct, H&R Block, Taxslayer, and more!
What’s cool about CoinLedger: CoinLedger is easy to use — importing your wallets and transactions just takes minutes! That’s part of the reason why the platform is rated 4.8 stars with more than 1,000 reviews on Trustpilot!
CoinLedger is the highest-rated crypto tax and portfolio tracking platform used by more than 500,000 investors around the world.
CoinLedger is designed to be easy to use, even if you’re not a tech or finance expert.
While manually reporting your crypto taxes can take serious time and effort, CoinLedger is designed to simplify the process. The platform has integrations with hundreds of exchanges and blockchains so that you can report your taxes in minutes.
Get started with a free CoinLedger account today.
Pros:
DeFi, NFT, and exchange support: Whether it’s exchanges like Coinbase, Gemini, and Kraken, or blockchains like Ethereum, Avalanche, and Solana, customers at all pricing tiers can import their transactions into CoinLedger.
Tax-loss harvesting: CoinLedger’s Tax-Loss Harvesting report allows you to see the biggest tax saving opportunities in your portfolio!
Customer support: Unlike other crypto tax platforms, CoinLedger has customer support available for all customers via email and live chat.
Portfolio tracking: CoinLedger’s allows you to track the total value of your crypto portfolio — completely for free!
Data Reconciliation: If you’ve used other crypto tax software products before, you know that accounting for all of your data across wallets and exchanges can be challenging. CoinLedger simplifies this process by auto-matching your on-chain transactions as well as with custom reconciliation features including the Missing Cost Basis Troubleshooting flow.
Expert Review: Not confident filing your crypto taxes on your own? Get a CoinLedger expert to take a look at your return and identify issues with your taxes before you file!
Tax software support: You can import your crypto tax report into platforms like TurboTax, TaxAct, H&R Block, and Taxslayer.
International support: CoinLedger serves countries around the world — including the U.S., Canada, Australia, and Japan!
Cons:
Does not accept cryptocurrency as payment: At this time, CoinLedger does not accept cryptocurrencies like Bitcoin and Ethereum as payment.
TurboTax
Where do prices start?: Prices for TurboTax first tier range from $0-119!
Cool feature: TurboTax has a maximum refund guarantee. If you save more money with another tax service, TurboTax will refund you the cost of the platform!
TurboTax is one of the world’s most popular tax preparation services.
TurboTax is a great option if you only have a handful of cryptocurrency trades for the year. However, if you have more trades (as well as transactions like staking rewards, NFTs, and DeFi transactions), you should use a dedicated crypto tax software.
Pros:
One of the biggest and most trusted tax platforms in the world: TurboTax is one of the most trusted tax products in the world. It’s been estimated that more than 100 million people around the world use Intuit (TurboTax’s parent company) products!
Easy to use: TurboTax has been praised for its easy-to-use interface!
Crypto tax integrations: TurboTax allows you to import tax reports from crypto tax platforms such as CoinLedger!
Cons:
Not built for crypto!: While TurboTax is a world-class platform, it was not built for cryptocurrency! As a result, it doesn’t have the same level of functionality as the other platforms on this list.
No DeFi/NFT integrations: At this time, TurboTax does not have integrations with DeFi/NFT platforms. As a result, you’ll need to enter these transactions manually if you’re not importing transactions from a dedicated crypto tax software.
Limited exchange integrations: While TurboTax has integrations with 15 exchanges including Coinbase and Robinhood, many other exchanges are not supported.
ZenLedger
ZenLedger was founded in 2017. Today, ZenLedger serves more than 100,000 users in the United States.
Where do prices start?: Get started importing your exchanges and tracking your portfolio for free. Download your tax form for $49!
What tax platforms does ZenLedger integrate with?: TurboTax
Cool feature: ZenLedger offers integrations with hardware wallets like Trezor!
Pros:
DeFi, staking, and NFT support: ZenLedger offers DeFi, staking, and NFT support for users in their higher tier pricing plans.
TurboTax support: ZenLedger allows users to import their crypto tax reports into TurboTax.
Tax-loss harvesting: ZenLedger provides users with a tax-loss harvesting report.
Cons:
Paid support : If you require one hour or more of customer support, you'll need to pay for ZenLedger’s Premium Plan — which costs $399.
Difficult to use: Users have criticized ZenLedger for having a difficult and complicated user experience.
Koinly
Koinly is a crypto tracking & tax reporting platform founded in 2018. The platform is available in more than 20 countries.
Where do prices start?: Get started importing your exchanges and tracking your portfolio for free. Download your tax form for $49!
What tax platforms does Koinly integrate with?: TurboTax, TaxAct
Cool feature: Koinly gives users an income overview so they can see all the cryptocurrency they’ve earned from DeFi, staking, and mining.
Pros:
DeFi, NFT, and margin trading: Koinly allows users to import DeFi, NFT, and margin trading transactions.
International support: Koinly supports many countries — including the United States, Australia, and Japan.
API and blockchain imports: Koinly supports automatic imports from hundreds of exchanges and blockchains.
Cons:
Lacking help center: Compared to other platforms, Koinly’s Help Center is lacking in resources needed to help guide users through the process of tax reporting.
Mislabeled transactions: Some users have complained that Koinly’s platform mislabels transactions and makes it difficult to re-classify them for tax purposes.
TokenTax
TokenTax is a crypto tax software and full-service accounting firm. The platform also offers enterprise plans for crypto businesses and high net worth individuals.
Where do prices start?: $65 (for Coinbase only), $199 for other transactions
What tax platforms does TokenTax integrate with?: TurboTax
Cool feature: TokenTax has an in-house accounting team. Customers who pay premium prices can get professional help reporting their taxes!
Pros:
Hands off tax reporting: For $4,499, a TokenTax accounting expert will file your taxes for you from start-to-finish.
Support: TokenTax offers customer support at every pricing tier.
DeFi and NFTs: TokenTax offers support for DeFi and NFTs for users in its Premium pricing plan.
Cons:
Affordability: TokenTax is more expensive than other crypto tax platforms. If you have to import transactions from multiple exchanges and blockchains, you’ll pay at least $199.
Product issues: Some users have complained that TokenTax focuses more on its in-house accountant offering rather than its crypto tax platform.
No free version: Unlike other platforms, TokenTax does not offer a free version of the platform.
CoinTracker
CoinTracker was founded in 2017 by Chandan Lodha and Jon Lerner. Today, it's one of the most popular crypto tax reporting and portfolio tracking platforms on the market.
Where do prices start?: Free portfolio tracker available, download tax forms for $59
What tax platforms does CoinTracker integrate with?: TurboTax, H&R Block Desktop
Cool feature: CoinTracker supports more than 10,000 cryptocurrencies!
Pros:
Portfolio tracker: CoinTracker’s portfolio tracker allows you to keep track of your gains, losses, and income throughout the year.
Forum support: While CoinTracker doesn’t offer chat support, the platform does have a forum where customers can ask questions about the product.
Tax-loss harvesting: CoinTracker shows users all of their tax-loss harvesting opportunities.
Cons:
Limited customer support: CoinTracker offers 24-hour support only to customers who pay for their Ultra Plan ($599 a year).
Affordability: CoinTracker’s pricing scales up based on how many transactions you have. Customers with a large amount of transactions can pay up to $1,999 for a tax report.
Bitcoin.Tax
Originally founded in 2013, Bitcoin.Tax is one of the oldest players in the crypto tax reporting space.
Where do prices start?: Free up to 20 transactions, $49.95 for more transactions
What tax platforms does Bitcoin.Tax integrate with?: TurboTax
Cool feature: Bitcoin.Tax offers a free plan for customers who have less than 20 transactions for the year.
Pros:
Expert consultation: Bitcoin.Tax offers the option to schedule a consultation with Gordon Law Group, a tax preparation firm.
Integrations: Bitcoin.Tax integrates with dozens of exchanges and the Ethereum blockchain.
Cons:
No chat support: Bitcoin.Tax offers email support only. Chat support is not available.
No tax-loss harvesting: Bitcoin.Tax does not offer a tax-loss harvesting feature.
Limited blockchain support: At this time, Bitcoin.Tax only offers support for the Ethereum blockchain.
No refund: Unlike other crypto tax platforms, Bitcoin.Tax does not have an explicit refund policy.
How does crypto tax software work?
Because of cryptocurrency’s unique properties, it can be difficult to keep track of your capital gains, losses, and income across all of your exchanges and wallets. Keeping a manual spreadsheet detailing your cryptocurrency transactions can be a serious time investment.
Crypto tax software can help you save hours of time and effort. Just connect your wallets and exchanges, import your transactions, and generate an aggregated tax report with all of your transactions.
Do I need crypto tax software?
If you only have a handful of transactions for the year, it’s unlikely that you’ll need dedicated crypto tax software. You may be able to use a tax platform like TurboTax or report these transactions yourself.
However, if you have a significant amount of transactions, and/or you’re using multiple wallets/exchanges, you should consider using crypto tax software. Remember, a good crypto tax platform can ensure that you properly report your crypto transactions — potentially saving you from future issues with the IRS.
What features should I look out for when choosing crypto tax software?
Here are some features that you should keep in mind when you choose a crypto tax software.
Ease of use: Tax season can be stressful, so you should choose a platform that helps simplify tax reporting and gives you peace of mind.
Automatic import: Manually entering your crypto transactions can take time. You should choose a crypto tax software that can automatically import transactions from your wallets and exchanges of choice.
Trades supported: Take a look at how many trades your crypto tax software supports. Many platforms charge a higher pricing tier based on how many trades you have!
Customer support: Trying to report your taxes on your own can be difficult. You should look for a platform that offers email and chat support so that you can get help as soon as you run into issues!
Tax software exports: If you’re planning to file your taxes yourself, your crypto tax report should import to your tax software of choice — whether that’s TurboTax, TaxAct, or .
Get started with crypto tax software
Looking to file your crypto taxes? Get started with a free CoinLedger account today.
There’s no need to enter your credit card details to get started! Get started importing your transactions, see if the platform is right for you, and then download your tax report when you’re ready to file!
Get started with CoinLedger.
