Best Crypto Tax Software

Wondering how to deal with your crypto during tax season? Review this list of the best crypto tax software and how to choose the right one for you.

Cryptocurrency investing can feel a bit like a playground.

You can invest in coins. You can mine. You can stake. You can open interest accounts.

There's just one snag. Taxes.

The IRS wants to know what you're doing with your crypto. And you're obligated to tell them.

The good news is, there are programs out there designed to make this process easier. In this guide, review the best crypto tax software and how to choose the right one for you.

The 10 Best Crypto Tax Software

There are quite a few options when it comes to reporting your cryptocurrency transactions for taxes. These are some of the best.

1. TokenTax

TokenTax is a software program designed to help you with your crypto and DeFi accounting.

One of its standout features is the ability to connect to whatever cryptocurrency exchange you happen to use. Other programs offer exchange-linking, but TokenTax works with all of them.

TokenTax has both crypto-only and full tax filing options, with multiple plans to suit your needs.

Key Features

• Connect any exchange
  
• Track trading
  
• API import or CSV upload
  
• Generate tax forms (Form 8949)
  
• Export to TurboTax
  
• Tax loss harvesting
  
• Supports international taxes
  
• Crypto CPAs

Plans vary depending on how many transactions they support per year, which exchanges they'll connect to, whether they support DeFi and NFTs, and a range of other features. All plans come with live chat support.

Cost

• Crypto Only: $65 for Basic, $199 for Premium, and $3,499 for VIP / year
  
• Crypto and Full Tax Filing: $699 for Bronze, $999 for Silver, and $3,500 for Gold / year

2. Koinly

Koinly aims to prepare your crypto tax reports in just 20 minutes. It's a good choice for international users as it's available in over 20 countries.

This software will help you generate necessary tax forms like the 8949, and export directly to TurboTax.

Their features include a crypto portfolio tracker with an overview of your income, and a calculator to show you how much you've earned or lost in capital gains. They'll also provide a sample report for free.

Key Features

• Connect your exchange
  
• Track trading
  
• Supports margin and futures trades
  
• API import or CSV upload
  
• Generate tax forms (Including Form 8949)
  
• Export to TurboTax
  
• Supports international taxes
  
• Supports staking, lending, and DeFi
  
• Crypto CPA for Unlimited Plan only

Koinly supports over 350 exchanges, over 50 wallets, and even staking and interest platforms.

They have 5 different price tiers, though the free version doesn't generate tax forms.

Cost

• Free (10,000 transactions): $0
  
• Newbie (100 transactions): $49
  
• Hodler (1,000 transactions): $99
  
• Trader (3,000 transactions): $179
  
• Pro (10,000+ transactions): $279+

3. CoinLedger

CoinLedger aims to save you time and money when accounting for crypto on your tax return. They offer a report preview for free, international support, and they're an official partner of TurboTax.

Connect your exchange and import historical transactions or track new ones. CoinLedger will generate your tax reports, so that you can download them when you need them.

From there, they can be sent to whichever tax software you use, or your personal tax preparer. They also provide useful articles to help you better understand just what crypto taxes are all about.

Key Features

• Connect your exchange
  
• Track trading
  
• API import or CSV upload
  
• Generate tax forms (Form 8949)
  
• Export to TurboTax
  
• Tax loss harvesting
  
• Supports international taxes

They have 4 plans, from Free to Unlimited, which only vary by how many transactions they'll support. Otherwise, all users have access to every CoinLedger feature. The software is a one-time purchase per year.

Cost

• Free (unlimited transactions): $0
  
• Hobbyist (100 transactions): $49
  
• Investor (1,000 transactions): $99
  
• Unlimited (3,000+ transactions): $199+

4. Zen Ledger

Zen Ledger has a convenient dashboard that keeps all your crypto information in one place.

Track market prices, the value of your own portfolio, your taxes and import history, as well as your recent transactions, all in one place.

You can also connect wallets and exchange accounts, import CSVs, or input data manually for added security.

Zen Ledger supports over 400 exchanges, over 40 blockchains, and over 20 DeFi protocols, so there's a high chance they'll be able to work with whatever you're investing.

And if you're just getting into crypto, they have a free plan that supports up to 25 transactions per year, though it won't cover DeFi, staking, or NFTs.

Key Features

• Connect your exchange
  
• Track trading
  
• API import or CSV upload
  
• Generate tax forms (including Form 8949)
  
• Export to TurboTax
  
• Tax loss harvesting
  
• Supports international taxes
  
• Crypto tax professionals

Zen Ledger has two sets of pricing plans, one just for crypto, and the other including tax professional prepared plans.

Crypto only price:

• Free (25 transactions): $0
  
• Starter (100 transactions): $49
  
• Premium (5,000 transactions): $149
  
• Executive (15,000 transactions): $399
  
• Platinum (unlimited transactions): $999

Tax Preparation price (price estimates):

• 30-Minute consultation: $275
  
• Single-Year Tax Report: $3,500
  
• Multi-Year Tax Report: $6,500 per 2 years

5. CoinTracker.io

CoinTracker.io is a combination crypto-tax software and coin tracker—a program designed to make it easy to manage all of your crypto transaction data in one place.

With their portfolio assistant, you can use CoinTracker to connect your wallets and see exactly what you're holding.

Their crypto tax software allows you to easily prepare for tax season by generating necessary forms, connecting to whichever exchanges you trade on via API or CSV upload.

They also have a platform designed for accountants.

Key Features

• Connect your exchange
  
• Track trading
  
• API import or CSV upload
  
• Generate tax forms (including Form 8949)
  
• Export to TurboTax
  
• Supports international taxes
  
• Crypto CPA for Unlimited Plan only

CoinTracker has separate pricing for their tax and tracking software.

Tax software price (per year):

• Free (track up to 10k transactions): $0
  
• Starter (25 transactions): $9
  
• Hobbyist (100 transactions): $59
  
• Premium (1,000 transactions): $199
  
• Unlimited (unlimited transactions): Priced individually

Portfolio Tracker price (per month):

• Free (5 wallets): $0
  
• Enthusiast (30 wallets): $14
  
• Pro (100 wallets): $99
  
• Custom (1,000 wallets): Priced individually

6. Fyn (formerly BearTax)

Fyn (formerly BearTax) offers access to unlimited exchanges and 24/7 support for crypto investors looking to tackle their taxes.

With access to over 50 exchanges via API or CSV upload, there's a solid chance that your platform is supported. They even support a range of crypto lending and interest platforms.

Generate your tax forms automatically and export to TurboTax or the tax prep software of your choice. And if you have questions, they can connect you with an accountant who knows their way around crypto.

Key Features

• Connect your exchange
  
• Track trading
  
• API import or CSV upload
  
• Generate tax forms (including Form 8949)
  
• Export to TurboTax
  
• Supports international taxes
  
• Track internal transfers

They offer 4 pricing plans, with small discounts offered for 2-year contracts.

Cost

• Basic (20 transactions): $10
  
• Intermediate (200 transactions): $45
  
• Expert (1,000 transactions): $85
  
• Professional (unlimited transactions): $200

7. TaxBit

TaxBit was designed by tax professionals to make reporting your crypto gains and losses easy and accurate. Plus, this helpful software can help you optimize your trading to spend the least on taxes.

Like other platforms, TaxBit links to numerous exchanges—over 150—and automates the process of generating the forms you'll need to file, including 8949s and 1099s.

But their goal is to go beyond just reporting; they also want you to save money. That's why they offer features like tax loss harvesting and tax optimization among their portfolio management tools.

Key Features

• Connect your exchange
  
• Track trading
  
• API import or CSV upload
  
• Generate tax forms (Including Form 8949 & 1099)
  
• Export to TurboTax
  
• Supports international taxes
  
• Tax loss harvesting
  
• Tax optimization
  
• Crypto CPA review

TaxBit has 3 pricing plans.

Cost

• Basic (250 transactions): $50
  
• Plus + (2,500 transactions): $175
  
• Pro (25,000 transactions): $500

8. CryptoTax Calculator

Another good option for taking care of your crypto accounting is CryptoTax Calculator, especially if you're involved with NFTs and DeFi as well as cryptocurrency.

They connect to over 400 wallets and exchanges in over 20 tax jurisdictions.

Connect your exchange or wallet via CSV or API and they'll automatically sort and categorize your transactions.

They support a wide range of transaction types including trades, airdrops, DeFi and DEX, borrowing and lending, mining and staking.

However, whether your account receives support for each category depends on your subscription level. They offer a help desk and chat support

Key Features

• Connect your exchange
  
• Track trading
  
• Support for DeFi and DEX
  
• API import or CSV upload
  
• Generate tax forms (Including Form 8949)
  
• Export to TurboTax
  
• Supports international taxes
  
• Chat support

They have 5 pricing options with a range of different features.

Cost

• Free (100,000 transactions): $0
  
• Rookie (100 transactions): $49
  
• Hobbyist (1,000 transactions): $99
  
• Investor (10,000 transactions): $249
  
• Trader (100,000 transactions): $499

9. Accointing.com

Accointing combines crypto tax software and a crypto tracker so that you can manage all of your needs in one place.

They support a wide range of transaction types including DeFi, mining, and even margin trading, and help you distinguish internal transactions from external ones.

Their holding tool can help you reduce your taxes by keeping track of which cryptocurrencies you've had for how long, as different rates are applied depending on the length of possession.

And they make it easy to generate the necessary forms and export them to the tax software of your choosing.

Key Features

• Connect your exchange
  
• Track trading
  
• Support for DeFi and DEX
  
• API import or CSV upload
  
• Generate tax forms (including Form 8949)
  
• Export to TurboTax
  
• Tax loss harvesting
  
• Supports international taxes
  
• Chat support

They have 4 pricing options to choose from.

Cost

• Hodler (100 transactions): $49
  
• Investor (1,000 transactions): $149
  
• Day Trader (10,000 transactions): $329
  
• Whale (50,000 transactions): $499

10. Atani

Unlike many of the other platforms on this list, Atani offers integrated trading on over 20 exchanges as well as support for generating tax data.

It's a platform for investors really interested in keeping all of their crypto products in one place.

A major difference between Atani and other platforms is they currently only support reporting of transactions made through their platform, on one of the connected exchanges.

They have plans to add CSV uploading as an option, but at time of writing, it hasn't yet been done.

Key Features

• Integrated trading on 35 exchanges
  
• Portfolio tracker
  
• API and CSV support
  
• Generate tax forms (including Form 8949)
  
• Charts and technical analyses

What is Cryptocurrency Tax Software?

Every time you buy, sell, or convert crypto, you'll have tax liabilities. Keeping track of all that on your own is a lot of work.

Cryptocurrency tax software helps you generate tax reports, and track your trading history and market value of your assets at the time you made your trades.

You can connect this software to any exchanges, wallets, or other apps you use to manage your crypto, so that you can automate much of the process, saving time and energy when it comes to report your gains and losses to the IRS.

These programs can put all of your trading information into a standardized data sheet formatted for use by the IRS.

This will make it a lot easier when calculating taxes like capital gains. They can also generate specific tax forms like Form 8949, which is used for reporting sales and exchanges of capital assets in the U.S.

Some of this software may even include strategies to help you pay less in taxes on your trading. By knowing what sort of taxes you'll incur when you make a trade, it can make you a more responsible and effective investor.

What to Look for in Cryptocurrency Tax Software

There are several features to look for when choosing your cryptocurrency tax software:

• Data aggregation
  
• Ability to produce reports
  
• Calculation of tax liability
  
• Generation of IRS forms (8949 in the U.S.)
  
• Compatibility with popular tax-filing services like TurboTax
  
• Include tax minimization strategies and tax loss harvesting
  
• Accessible to tax preparers and CPAs
  
• Integration for wallets, exchanges, and APIs
  
• Support uploading CSV files

It's also vital to ensure that the software you choose is trustworthy. So how do you identify a trustworthy company?

1. First, make sure that they understand the tax reporting requirements from the IRS. These companies will produce data far more useful than a pure transaction aggregator.

2. Look for companies that maintain their web presence—including their site and social media platforms, as well as other forms of traditional media.

3. Consider whether they're affiliated with other cryptocurrency-related organizations you consider reputable, especially ones you already use.

4. You can also check online for reviews by other users to make sure that the company isn't accused of any shady practices or neglecting their customers.

5. If you don't want to use crypto tax software, you do have the option of hiring a tax preparer yourself, but you'll need to find one that understands how to report crypto transactions.

Bottom Line

Whether you're a seasoned trader making hundreds of trades a year or a relative beginner only making a few, crypto tax software is a valuable addition to your trading tools.

There's no perfect platform for everyone. Instead, it's best to weigh the pros and cons of each platform and seek out the features that best suit you individually as a trader.

And remember, the biggest expense will be the bill the IRS sends if you choose not to file. Paying taxes on your crypto isn't fun, but it's better than the alternative.

The best you can do is try to make it easy on yourself, and save as much as you can in the process.