Calculating your crypto data can be a herculean task. That is why you need the services of the best crypto software tax calculator. Below are the 10 best crypto tax software that you can utilize for your crypto calculations and tax payments.
- Zenledger
- Coinledger
- Koinly
- Token Tax
- Taxbit
- Accointing
- Cointracking
- Bear Tax
- Bitcoin Taxes
- Crypto Tax Calculator
In this guide, we’ll discuss these cryptocurrency tax software, their features, pricing and essentially what makes them worth your dime. Let’s get to it.
1. Zenledger
Zenledger crypto tax software is crypto software that supports more than 400 exchanges in addition to over 30 Defi protocols, Coins, Wallets, Blockchains, and Fiat currencies. It is the best option for business and professional users.
Additonally, Zenledger was designed specifically for tax professionals. The technology easily handles tax difficulties for users in the DeFI domain.
ZenLedger is ideal for cryptocurrency dealers that value excellent customer service. It offers a variety of customer assistance tools to guide you through the import process and troubleshoot any issues you may find. It is easy to set up with its user-friendly interface.
Pricing
Zenledger crypto tax software offers the following levels of prices.
- There is a free mode which is $0 per year.
- The starter price is fixed at $49 per year.
- Premium price: $149 per year.
- And lastly, the Executive price is $399 per year.
Features
Zenledger uses your transaction history to estimate your crypto profit and loss details. It grants you access to tax pro, including all its plans. There is also the incorporation of tax-loss harvesting tools and accounting reports. Lastly, it grants an alliance with Turbo Tax.
Pros
Zenledger has many advantages. Some of which are:
- It only charges you on the number of transactions that you carry out on it.
- You have access to tax professionals if you make use of Zenledger.
- The Zenledger crypto tax software has all Internal Revenue Service required forms.
- You get excellent discounts on transactions made.
- For high-pricing users, centralized apps are allowed, even though they’re quite expensive.
- Premium help is available 24 hours a day, 7 days a week for all users, regardless of plan.
- It has a one-year refund policy.
- ZenLedger is one of the few cryptocurrency tax software solutions that allow you to keep track of your non-fungible tokens (NFTs).
Cons
If you should opt for Zenledger, you should likewise be aware of the following roadblocks.
- Zenledger has a price tag for professional assistance at the entry-level.
- Zenledger charges higher than other competitors. It really costs a fortune if you have many transactions a month.
- Zenledger does not have exchanges on international levels.
- Does not accept cryptocurrency as a form of payment. To upgrade to another ZenLedger subscription, you must use a credit or debit card, unlike other crypto tax software like Koinly and TokenTax, which support crypto as a payment option.
- You can’t manage your portfolio from your phone because ZenLedger doesn’t have an app.
2. Coinledger
This software is well known to be the quickest medium for generating Crypto tax files. It is less time-consuming and maximizes refund. Your information is quickly passed into the reports and then checked twice by Coinledger.
This software supports more than 350 exchanges. It syncs your cryptocurrency trading history across all previous years and platforms. Using historical data, CoinLedger will calculate the cost basis and fair market value of these transactions.
Pricing
Coinledger has different prices for each level. There is no free trial.
- Hobbyist: $49
- Day trader: $99
- High volume: $199
- Unlimited: $299.
Features
- Coinledger reviews your reports for free. You don’t have to pay any charges.
- Your historical data is imported without a hitch.
- It generates audit trail documents. As part of your crypto tax report, CoinLedger creates an audit trail for each step in calculating your capital gains. For your records, each and every taxable occurrence is listed.
- This site integrates over 20 sites.
- It supports more than 10,000 cryptocurrencies.
- Coinledger gives the chance to download tax forms.
- Your knowledge of how crypto works is enhanced as the software provides tips.
Pros
- You can cross check your files before exporting to different tax software.
- You are shown every calculation done in your task filing.
- It has tax loss harvesting tools
- The software also integrates Turbo tax.
- It saves time and maximize funds.
Cons
- The only disadvantage of using Coinledger is that you do not have access to any professional assistance.
3. Koinly
For numerous reasons, Koinly is widely considered the best cryptocurrency tax software by users. Users consider this to be the safest cryptocurrency tax software with a user-friendly interface. Koinly can provide you with the most precise cryptocurrency tax reports. It works with major cryptocurrency exchanges including Coinbase, Kraken, and Binance without a hitch.
Despite the fact that it has only been operational for three years, it has quickly become a favorite amongst investors, accountants, and other professionals. Koinly significantly decreases your workload and saves time.
It also allows you to import your crypto trades quickly and effortlessly. Add your exchange accounts via API or CSV files, and connect your blockchain wallets with public addresses.
Pricing
Koinly has different levels of pricing. Unlike the coinlegder, there is a free mode of $0 per year. Others are:
- Newbie: $49 per year.
- Hodler: $99 per year.
- Trader: $179 per year.
- Pro: $279 per year.
Features
Koinly boasts of welcoming features. Some of which are:
- It has the widest span of blockchains.
- Koinly automatically harmonizes your data from all sources.
- It gives room for the exportation of transactions to other tax software.
- Koinly shows you the details of your profit, loss, and tax liabilities.
- Tracks your investments in all your wallets and accounts.
Pros
- Koinly offers 100% dependable audits.
- It joins many exchanges and wallets.
- It has various tools for error reconciliation.
- You can be connected with tax professionals from five countries.
- It supports international tax filing.
- Beginners can use the free version.
Cons
- Independent tax-loss harvesting tools are not available.
- The free plans do not feature tax reports.
- You can make payments on any service using crypto.
4. Token Tax
This crypto tax software does not function only as a crypto tax calculator but also as a crypto tax accounting firm. That gives it a hedge above others. It offers standard services in crypto, DeFi, and NFTs.
Through its flexibility, it is perfect for amateur users, professionals, and traders. It also gives the best returns every financial year. As it generates tax files and forms automatically, more time is saved for other activities.
Pricing
There are various prices according to the activities rendered. There is no free trial. The prices available are:
- Basics: $65 per year.
- Premium: $199 per year.
- Pro: $799 per year.
- VIP: $3499 per year.
Features
- The first advantage is the tax accounting firm available in the software.
- Forms and reports are generated automatically.
- It is well structured to deal with any problem that may arise.
- It covers more than 85 exchanges.
Pros
- There is no free plan for the software.
- The elementary plan has just a few features.
- In comparison to competitors, API integrations are still limited.
- To deal with crypto exchange shutdown, you’ll require VIP membership.
Cons
- There is no free plan on the software.
- The elementary plan has just a few features.
- In comparison to competitors, API integrations are still limited.
- To deal with crypto exchange shutdown, you’ll require VIP membership.
5. Tax Bit
You can trust Taxbit to take charge of all financial needs dealing with digital assets. The tools that are used on this app are designed by CPAs and Tax attorneys. So, you can rely on its efficiency.
In addition to that, this crypto tax software uses SOC2 certification that guarantees users 100% safety of their data. This way, you can rest assured that your data isn’t vulnerable to phishing and fraud.
Most crypto-tax firms don’t provide any help for their cheapest plans, which means you’re left to sort out things for yourself if you have a query about your taxes or anything other than a technical issue with the platform itself. But every subscription plan with TaxBit includes excellent specialized support.
Pricing
Taxbit offers three pricing plans: basic, plus and pro.
- Basics: $50 per year.
- Plus: $175 per year.
- Pro: $500 Per year.
There’s also a free plan for individuals, but the functionalities are very limited. If you’re an individual, however, the free plan should help you make a decision about the platform.
Features
- It is not controlled by Bots but real experts with the right knowledge needed for operations.
- Taxbit works on all types of digital assets and offers excellent portfolio management services.
- It calculates and gives you the best returns and also gives you the best financial advice that will boost your business.
- It supports more than 50 exchanges and over 2,000 currencies.
- You can export transaction reports on the website.
- The dashboard is user-friendly. You can easily view your tax position, asset balance, and unrealized profit and loss.
- Excellent value for money.
Pros
- You can chat with customer service agents.
- The audit trial cannot be changed.
- Issuance of 1099s for exchanges.
- It is cheap and affordable.
- Every plan includes unlimited transactions.
Cons
- It can only format CSV files manually.
- The auto-sync reporting is limited.
6. Accointing
Accointing is a Switzerland-based crypto tax software. This software is the best for hobbyists and professional crypto traders.
It is built to track portfolios, capital gains, and allows reports of crypto taxes by yourself, Turbo Tax, or crypto tax advisors. You can also make use of tools on the software to track market trends relating to crypto.
You can import data from your multiple wallet and exchange accounts, just like you can with CoinLedger. However, each exchange and wallet you want to connect to requires an API key. Like the other tools on this list, you may also upload an excel spreadsheet.
Pricing
Accointing features free crypto tax reports if you’re looking for a free plan. For the paid plans, however, these are the prices.
- Hobbyists: $79 per year.
- Traders: $199 per year.
- Pro: $299 per year.
Features
- There are tools to analyze your portfolio
- You can easily explore the crypto market.
- It makes your tax reports which can be downloaded and then used for filing taxes.
- There is tax loss harvesting tools.
- Accointing also provides you with a really excellent mobile app with portfolio performance features.
- Accointing provides you with a wealth of information with which to examine performance. It also makes excellent use of the data it collects from your numerous accounts; something that other software doesn’t provide.
Pros
- You can make use of this software on your computer and also on your mobile phones.
- It harmonizes more than 300 exchanges and over 7,500 currencies.
- You can chat with crypto tax experts.
- Tax reports from Europe and America are solely supported.
- It also has developed custom tax schemes.
- The software is available in a free version.
- Accounting methods that are very customizable to reduce tax burdens.
- The app has portfolio tracking and non-tax features, which are relatively useful.
Cons
- Most of the supports are on pro plans only.
- There is no schedule D or IRS forms on the software.
- It takes a long time to set up and it isn’t very user-friendly.
- When data on a transaction is missing, it does not notify you.
- Inadequate documentation.
7. Cointracking
Being on of the best crypto tax software on the market, Cointracking suits traders and investors that are into diverse digital assets. The market trend details of 412,033 coins are available on the website.
It uses an automation feature to import your crypto transactions. The software keeps track of your transactions so that tax filing and portfolio management are as smooth as possible.
It offers tax calculations, customized crypto tax reports, interactive charts, profit and loss records, audit reports, and realized and unrealized gains, among many other features.
Pricing
- Cointracking has prices for different levels which are specified according to number of transactions.
- Free trial of $0 for 200 transactions with 2 backups.
- Pro: $10.99 per month for 3,500 transactions with 5 backups.
- Experts: $16.99 per month for 20,000 transactions with 10,000 backups.
- Unlimited: $54.99 per month for unlimited transactions with 20 backups.
Features
- It has devices for studying market trends.
- It gives your profit and loss files.
- You can simply import data from more than 110 exchanges. They are allowed.
- You can as well transfer your tax reports to CPSs or tax offices.
- Up-to-date tax reports for crypto traders and companies.
Pros
- It is available worldwide.
- Cointracking supports 5,000+ different coins.
- It features API based crypto trading.
- You can make use of this software on Android and iOS.
- Easy import and declaration of files.
Cons
- The free mode only supports 2 wallets.
- It does not give room for ICOs
- The mobile app version is hard to navigate.
- There are no deposit or withdrawal options available.
8. Bear Tax
BearTax is a top crypto tax software that makes filing easy and comprehensible. BearTax is a software program that allows individuals and CPAs to calculate and file capital gains taxes. In a few simple clicks, the platform imports transactions, calculates capital gains and losses, and files taxes.
In addition, their “clever matching” technology matches your withdrawals and deposits across their supported exchanges and is easily reviewable in the UI, ensuring that you don’t end up with any negative balances that could skew accurate tax reports.
Moreover, BearTax is a unique API-based algorithm that connects with your preferred crypto exchanges to assist consumers in filling out their annual crypto tax returns. The platform imports your transaction data via over 25 major exchange connections.
Features:
- BearTax gives unlimited crypto exchanges.
- You can always get professional help anytime on the software.
- You are also given sales and Audit trial reports.
- It has the plainest historical pricing.
- It uses automation to process your tax documents and as well send them to your CPA or tax software.
- Your crypto gain and losses can also be calculated.
Pricing:
- There is no free trial.
- Basic: $10 per tax year.
- Intermediate: $45 per year.
- Pro: $200 per year.
Pros:
- After connecting your chosen exchange, your documents are generated automatically.
- It allows trading tax software.
- You have access to private question and answers sessions.
Cons:
- The markets covered by the software are limited.
- Tax reporting in some countries cannot be accessed.
9. Bitcoin Taxes
Also one of the best crypto tax software you’ll find, Bitcoin Taxes simplifies paying taxes, especially for major exchanges. It partners with tax attorneys to provide tax preparation advice for user crypto gains.
Additionally, Bitcoin Taxes makes comprehensible final tax reports and filing. Your capital gains and losses are given to you so that you can file your tax. Also, professionals are available to assist you.
What’s more? This tax filing software offers audit defense services to help you down the line. This way, you can protect yourself against IRS audits in the future.
Features:
- You can easily calculate your capital gain and loss.
- There are tax preparation services with a price starting from $600.
- Free access to crypto tax specialists for proper guidance.
- There are tax-loss harvesting tools.
Pricing:
Bitcoin Taxes’ paid plans are:
- Premium: $39.95 per year.
- Premium extra: $49.95 per year.
- Deluxe: $59.95 per year.
- Trader: $129 per year for 50 transactions.
- Trader: $189 per year for 100 transactions
- Trader: $249 per year for 250 transactions
- Trader: $499 per year for 1 million transactions.
- For unlimited transactions, you can contact the developers for the actual price.
Pros:
- You can import CSV files and upload transaction records.
- You can generate report for capital gains, incomes, donations and closing.
- Audit defense services are available.
- A tax professional is also av ailable to help in all your transactions.
Cons:
- Features for non-premium accounts are limited.
- The free version has a limited number of transactions.
10. Crypto Tax Calculator
Crypto Tax Calculator is a good crypto tax software if you’re looking to cover international taxes and avoid crypto tax liability. Here, you get auto generated tax reports so you don’t have to perform tax calculations yourself.
You can easily integrate your crypto portfolio with Crypto Tax Software too. It considers Airdrops, DeFi staking rewards. Crypto Tax Calculator also uses data to provide detailed computation. It reduces the tax calculation process by connecting directly to your information, group transactions records and processes the data to generate a tax report based on examination. Its algorithm shows you your actual gain and income in details.
Features:
- It supports over 400 platforms
- You can carry out DeFi and NFT transactions.
- Tax rules in 21 countries are supported.
- It generates tax reports for fiscal years.
- You can easily keep records of your crypto and taxes.
Pricing:
- Rookie: $49 for every 100 transactions.
- Hobbyist: $189 for every 10,000 transactions.
- Traders: $299 for every 100,000 transactions.
Pros:
- Your data imports are done through automation.
- Exchange is well integrated.
- There is money back guarantee on failed transactions.
- It supports On-chain transactions.
- Integrations with major exchanges.
- It allows the exportation of tax files.
- You can easily chat with professionals.
Cons:
- It does not accept crypto as a means of payment.
What to Look For in a Crypto Tax Software?
This is one of the frequently asked questions when it comes to finding the best crypto tax software. Because, at first glance, most crypto tax software appears to be the same.
However, when you delve a little further, you’ll see some significant variations. When it comes to choosing the finest crypto tax software, there are a few things to keep in mind. Such as:
Reputation:
The reputation of the software must be considered. You must check the reviews of the software to know how credible it is. You won’t want to transact on a platform that is not trustworthy. A key way to knowing the reputation of a crypto Tax Software is if it has an online assistant and not just run by boots.
To ascertain the credibility of a crypto tax software, you must likewise examine if the platform’s creators have complied with all tax requirements. It’s the only way to make certain you’re working with the best crypto tax software.
Security:
The security features of the software must also be checked. You must ensure that the software has tools that make your data safe.
Pricing:
The software must be affordable. And in cases that you are to pay, you must ensure that the features meet the payments required. As an advanced user, you will have to opt for the paid options.
Integrations:
Application Programming Interfaces (API) and Comma Separated Values (CSV) are the two most used techniques of integration.
Definitely, your choice of software should integrate diverse wallets and facilitate data exchange across all platforms. The API interface allows you to import wallet and exchange data into the tax platform, and it’s the ideal option for a smooth data transfer.
Final Thoughts:
The ideal cryptocurrency tax software streamlines the time-consuming process that could have been spent filling out a tax form manually into a few easy steps. It keeps track of all your transactions and fills out your tax returns for you automatically.
Remember, you could face a tax audit, penalties, or even legal action if you make a mistake. Therefore, it is expedient that, you must seek out reliable software to help you lessen your workload and avoid unnecessary stress.
