As an investor, keeping a record of your crypto transactions and calculating taxes based on your net profit or loss can be difficult. Therefore, paying taxes for crypto exchanges is impossible for some people.
Hence the need for crypto tax software. One that will sync across most, if not all, your exchanges and wallets, calculates gains and losses, and gives you a final tax report, which you can use to file your taxes.
This article lists the best Crypto tax software, features, pricing, and other details to help you choose the best one.
Koinly is easily the best crypto tax software. It offers the most features on our list. Koinly is easy to use and integrates with many other exchanges and wallets. It allows you to use advanced filtering to view and track your highest gaining transactions with its full portfolio tracker. You can even set notifications on your crypto balance.
Its free plan allows for up to 10,000 transactions. However, you must sign up for Koinl’s paid plans to download your tax reports.
- Integrates with 353 crypto exchanges, 74 wallets, and 14 blockchain addresses.
- Automatically sync your data from all sources.
- Lets you export your transaction data to TurboTax & TaxAct.
- Offers portfolTracks your portfolio across your wallets & accounts and shows you real-time details of profit & loss and tax liabilities.
- Newbie: $49 per tax year
- Hodler: $99 per tax year
- Trader: $179 per tax year
- Pro: $279 per tax year
Regarded as a close second to Koinly, Coin Ledger (formerly CryptoTrader.Tax) allows you to import your trades from over 350 exchanges. It offers its users a 14- day money-back guarantee. Its crypto tax calculator is straightforward and thus easy to use. The platform supports NFT transactions, offers tax-loss harvesting, and gives you current gains and loss reports. You must sign up for one of its paid plans to download your tax report.
- Import your transaction data crypto platforms.
- It lets you download completed tax forms.
- Avails resources to educate about the crypto world.
- Complete audit support.
- Tax loss harvesting tools.
- Hobbyist: $49
- Day Trader: $99
- High Volume: $199
- Unlimited: $299
Crypto Tax Calculator
Crypto Tax Calculator integrates with many popular exchanges and offers very detailed calculations. They consider complex tax scenarios such as DeFi loans, DEX transactions, gas fees, leveraged trading, and staking rewards. If you’re curious how your taxes have been calculated, they offer full breakdowns of each calculation, with customizable rules to suit your unique situation.
- Configurable tax settings
- Covers NFTs, DeFi $ DEX trading
- Integrates with major exchanges, wallets, and chains
- Rookie: $49
- Hobbyist: $99
- Investor: $189
- Trader: $299
TokenTax is not just a crypto tax calculation software; they are a full-service crypto tax accounting firm. They offer Expert crypto accounting and reconciliation teams that will get your questions answered. This powerful, intuitive software will get you from forms to filing correctly regardless of location.
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- All the forms you need
- TurboTax integration
- Tax loss harvesting dashboard
- API and wallet integrations
- DeFi, NFT support
- Basic: $65
- Premium: $199
- Pro: $799
- VIP: $3,499
Accointing.com offers a portfolio tracker and a tax calculator compliant with IRS requirements. Crypto beginners will appreciate its easy-to-use interface and informative blog filled with how-to crypto and tax guides.
The platform is available in the UK, Australia, Swiss, Germany, and Austria. The free plan only covers 25 transactions per year.
- Crypto tax-loss harvesting tool
- Calculates your capital gains and losses.
- Makes downloadable tax reports for you
- Tax-loss harvesting.
- Trader: $199
- Pro: $299
Bear. Tax is another platform to help you fetch all your trades, identify transfers across exchanges, assign the right prices to your transactions, and autogenerate tax reports. It allows one user to import from multiple exchange accounts. For accountants, this platform allows you to manage your clients and their trades while respecting their privacy. Clients don’t need to provide you with their private keys or credentials.
- Unlimited Exchanges
- No Paywall
- 24×7 support
- Auditable Reports
- Basic: $49
- Plus: $149
- Pro: $499
If you’re looking for a crypto tax software that supports the most exchanges, wallets, fiat currencies, coins, blockchains, DeFi, and NFT protocols, ZenLedger is for you! ZenLedger lets you see all your transaction details in one excel sheet through their “Grand Unified Spreadsheet.” The platform also allows you to handle your no-crypto tax issues through their prepared plans.
- TurboTax integration
- Tax-Loss harvesting tool
- Professional tax suite to handle your clients’ crypto tax issues
- Starter: $49
- Premium: $149
- Executive: $399
- Platinum: $999
TaxBit is loved for its highly appreciated customer service and easy-to-use crypto tax tool. They also have this automation feature, which syncs your transactions across different exchanges and gives you tax reports through a few clicks.
If you surpass the basic needs as a trader, you’ll need to sign up for a paid plan.
- Supports many exchanges and multiple currencies.
- Tax loss harvesting and portfolio performance analysis features.
- Supports NFTs, Coins, and Blockchain
- Basic: $50
- Plus: $175
- Pro: $500
Bitcoin Taxes is the go-to for comprehensive reporting and filing and the most affordable too. Since the platform planners with CPAs and tax attorneys enrolled in the USA and Canada, users can get the full tax preparation service; from advice to filing their taxes. Bitcoin Taxes offers an Audit Defense Service if an IRS audit is opened against you for one or more tax years.
- Multi-year support
- Download IRS Form 8949 PDF or 8949 attachable statement
- Integrated with TurboTax
- Premium: $44.95
- Premium Extra: $54.95
- Deluxe: $64.95
So what do you look for in crypto tax software?
Assess its available integrations. Make sure it supports all the popular exchanges and wallets. If you’re in the DeFi and NFT space, ensure your choice integrates with these platforms. Also, check to ensure the platform is available in your country and follows the taxation standards of said country.
Check out the features offered by the platform. Does it have excellent dashboards? Is it easy to use? Does it offer tax-loss harvesting and portfolio tracking? The best crypto tax software should simplify your tax calculation process. If you can DIY this on your own, you’ll need a CPA or tax expert, which will cost you more.
Don’t forget about reputation and security. Be on the safe side. We are in the crypto world, after all. Before you commit to anything online, always check other users’ reviews. Get an idea of their experience. You don’t want to be paying IRS penalties for messed-up tax reports.
Pricing is another deciding factor. If you’re not sure of the value you’ll be getting, take advantage of the free trials. Feel out the software and its features.
Pro-tip: The aim is to get accurate tax reports. Don’t fall for expensive upsells unless you need them.
This list doesn’t exhaust all available options and features. Ensure you go further and check them out more extensively before you buy into a paid plan.