If you’re actively involved in cryptocurrency trading, it’s crucial to stay informed about your tax obligations related to crypto. Dealing with many transactions across various exchanges and wallets can make the tax process quite overwhelming. We’ve selected the best crypto tax software to help simplify this process, ensuring you file your taxes correctly and on time.
For most traders, CoinLedger is the preferred option, widely recognized for its seamless integration with exchanges and wallets along with its tax loss harvesting feature.
However, if you have specific needs like DeFi margin trading or global tax support, there are customized choices available. Our comparison of the best crypto tax calculators for 2024 will assist you in finding the best cryptocurrency tax preparation solution to suit your needs.
Top crypto tax calculators at a glance
Before we begin our review of the best crypto tax calculators in earnest, here is a quick glance at our top picks.
- CoinLedger: Considered by many as the best crypto accounting software for crypto tax filing, with tax-loss harvesting and user-friendly features. Supports various crypto tax services and integrations.
- CoinPanda: Excellent for tracking leveraged positions, margin trading, and advanced tax reporting. Trusted in over 65 countries, supporting 115+ wallets and 500+ exchanges.
- Koinly: Ideal for beginners, supporting 400+ exchanges and 170+ blockchains with international crypto tax prep and reporting.
- TokenTax: Best for US-based users, offering full IRS Form 8949 automation and expert crypto tax help for TurboTax users.
- ZenLedger: Perfect for DeFi and yield farming investors, with support for over 100+ DeFi protocols. Great for crypto mining taxes.
- CryptoTaxCalculator: Best for DeFi and Web3 enthusiasts, covering DeFi, NFT, and staking income. A powerful crypto tax tracker.
- CryptoTax: A comprehensive crypto tax tool that provides tailored tax reports for global users and integrates with major exchanges.
- TaxBit: Unlimited transactions at competitive pricing, ideal for high-volume traders. Excellent for Bitcoin tax software needs.
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How we chose the best crypto tax software
We analyzed crypto tax software using criteria such as the number of exchanges supported, the number of blockchains supported, compatibility with accounting standards, and cost.
Our expert reviewers also used their own experience with the platform to judge subjective qualities like ease of use and customer service. Read more about how we rank crypto tax calculators in our full methodology below.
An in-depth look at the best crypto tax software and calculators in 2024
In this section, we will examine the best crypto tax tools available this year. We will also delve into their features, pricing, and how they work. This guide will assist you in finding the perfect match for your requirements.
1. CoinLedger – Best for seamless integration and tax-loss harvesting
Why we chose CoinLedger
We chose CoinLedger as our top pick due to its seamless compatibility with wallets and exchanges, along with its support for tax loss harvesting.
Cryptocurrency traders seeking a tax solution that smoothly integrates with major crypto platforms while maximizing their tax savings through efficient filing will find it highly recommended.
The platform is well regarded in reviews of crypto tax software for its interface and effectiveness in handling tax responsibilities.
Review of CoinLedger
CoinLedger aims to simplify the often tricky task of cryptocurrency tax preparation. The platform seamlessly connects with more than 100 exchanges and accommodates various crypto wallets such as MetaMask, Trust Wallet, and Ledger.
Through its API-based integration, CoinLedger securely imports transaction histories in a read-only mode, ensuring precise reporting without compromising security. A notable feature is its tax loss harvesting capability, which assists traders in strategically lowering their tax obligations by acknowledging losses on underperforming assets.
While it shines in user-friendliness for newcomers, CoinLedger is equally efficient for seasoned traders aiming to optimize their tax strategies. However, unlike some competitors, it recently added support for Solana-based DeFi applications but still lacks full support for staking income reporting, which could be a drawback for individuals deeply engaged in these areas.
Additionally, CoinLedger provides customer service through chat, email, and an extensive help center, making it easily accessible for users seeking assistance with their crypto tax inquiries. But has to be noted that there is currently no live chat support, only email and AI chat support.
CoinLedger features: Exchanges, pricing, and free plans
| Exchanges supported | 100+ |
| Blockchains supported | 9 |
| Free plan? | Yes, it allows users to import transactions and preview reports for free (tax reports require a paid plan) |
| Pricing (per number of transactions) | 0 – 25 tx: Free26 – 100 tx: $49101 – 1000 tx: $991001 – 3000 tx: $199 |
| Customer service | AI chat, email, and help center |
| NFTs? | Yes, it supports NFTs for tax reporting |
Pros and cons of CoinLedger
Pros
- Excellent for beginners with its easy-to-use interface
- Supports tax-loss harvesting for reducing tax liabilities
- Seamless integration with popular exchanges and wallets
- Free crypto tax software option available for up to 25 transactions
- Supports NFT transactions for tax reporting
- Recent Solana blockchain integration improves DeFi transaction reporting
Cons:
- Limited support for DeFi and staking income reporting
- Paid plans may be costly for users with extensive trading activity
- No live chat support
2. CoinPanda – Best for Tracking Leveraged Positions and Advanced Reporting
Why we chose CoinPanda
We chose CoinPanda as our favorite tool for keeping tabs on leveraged positions and handling intricate crypto tax reporting.
It’s a perfect fit for traders who engage in complex activities such as margin trading and derivatives.
Thanks to its extensive compatibility with hundreds of exchanges and capability to manage trades, it stands out as a top choice for those seeking robust and thorough crypto tax services.
Review of CoinPanda
CoinPanda is a sophisticated tool for calculating crypto taxes tailored to traders with intricate portfolios, including those utilizing margin accounts, options, and futures. With support for over 500 exchanges, 75 wallets, and 125 blockchains, it stands out as one of the most extensive tax software solutions on the market.
Its accuracy in reporting leveraged positions financing fees and commissions makes it particularly favored by traders needing precise tax documentation. Beyond its reporting capabilities, CoinPanda offers tax reports covering 65+ countries, ensuring adherence to regulations.
The platform enables tax tracking throughout the year, allowing traders to manage their tax responsibilities seamlessly. While the features are beneficial for seasoned traders, beginners might find the complexity and abundance of options overwhelming when venturing into crypto tax preparation.
Customer support is accessible via email (for free plans) and live chat (for paid plans), while the platform’s help center is equipped with resources and tutorials for users seeking assistance with crypto taxes.
CoinPanda features: Exchanges, pricing, and free plans
| Exchanges supported | 500+ |
| Blockchains supported | 242 |
| Free plan? | Yes, it covers up to 25 transactions |
| Pricing (per number of transactions) | 0 – 25 tx: Free26 – 100 tx: $49101 – 1000 tx: $991001 – 3000 tx: $1893000+ tx: $0.69 per each extra 100 tx |
| Customer service | Email (free plan), Live chat (paid plans) |
| NFTs? | Yes, it supports NFTs for tax reporting |
Pros and cons of CoinPanda
Pros
- Excellent for tracking leveraged positions like margin trading, options, and futures
- Supports a wide range of exchanges and wallets (500+)
- Comprehensive tax reporting for over 65 countries
- Free plan for up to 25 transactions
- Supports NFTs, DeFi, and portfolio tracking
Cons:
- May be too complex for beginners
- Paid plans may be expensive for high-volume traders
- Some users may find the interface overwhelming due to the range of features
- No mobile app
- Does not accept cryptocurrency as payment
3. Koinly – Best for Beginners with Wide Exchange and Wallet Support
Why we chose Koinly
Koinly is a great choice for newcomers thanks to its easy-to-use interface and extensive support for multiple crypto exchanges and wallets.
With seamless integration on platforms and automated tax calculations, Koinly is an ideal tool for people entering the world of crypto trading or seeking a smooth crypto tax process.
Additionally, Koinly stands out in providing compliance with tax regulations making it a preferred option in worldwide crypto tax software reviews.
Review of Koinly
Koinly is a tax calculator that aims to make the process easier for beginners.
It supports more than 350 exchanges and 100+ wallets, streamlining the task of retrieving transaction histories from platforms. This ensures that users can quickly generate tax reports with accuracy. The platform also allows for the import of data from decentralized sources, and it automatically applies the cost basis for all transactions based on the user’s location.
One feature that distinguishes Koinly from crypto tax tools is its capability to manage tax scenarios in over 100 countries such as the US, UK, Canada, and various EU member states. It calculates gains and income taxes following each country’s tax regulations and provides real-time tax tracking throughout the year.
Koinly doesn’t offer a dedicated tax-loss harvesting tool. Nonetheless, users can still implement tax-loss harvesting techniques by examining the gains and losses presented in the reports it produces.
Also, some users might perceive that certain advanced capabilities such as support for DeFi and staking income are somewhat restricted in comparison to rival platforms like CoinLedger and TokenTax.
Additionally, Koinly offers customer service through email and live chat (depending on the plan), as well as a comprehensive help center to aid users in navigating crypto tax matters.
Koinly features: Exchanges, pricing, and free plans
| Exchanges supported | 350+ |
| Blockchains supported | 14+ |
| Free plan? | Yes, covers up to 10.000 transactions (no tax reports). |
| Pricing (per number of transactions) | 0 – 100 tx : $49101 – 1000 tx : $991001 – 3000 tx: $199Above 10000 tx: $299 |
| Customer service | Live chat, email, and help center |
| NFTs? | Yes, supports NFTs for tax reporting |
Pros and cons of Koinly
Pros
- Ideal for beginners with a straightforward and easy-to-navigate interface
- Supports over 350 exchanges and 100+ wallets for automatic transaction tracking
- Offers real-time tax tracking and international tax reporting for 100+ countries
- Free plan for up to 10.000 transactions (without tax report generation)
- Blockchain/crypto tax prep with customizable reports for accountants
Cons:
- Limited support for advanced DeFi and staking income
- Paid plans can get expensive for high-volume traders needing detailed tax reports
- Tax reports are only available on paid plans
4. TokenTax – Best for Full IRS Integration and Automated Tax Filing
Why we chose TokenTax
TokenTax is the top choice for crypto tax software catering to users in the US because it fully automates the process of filling out the correct form.
This platform offers more than just calculations by providing assistance with crypto tax matters and even allowing direct filing to the IRS.
Users seeking a hassle-free experience, particularly those who also use TurboTax will find TokenTax’s advanced crypto tax preparation features to be highly beneficial for seamless tax reporting.
Review of TokenTax
What sets TokenTax apart is its ability to not only assist users in creating tax reports but also automatically fill out IRS Form 8949 enabling users based in the US to file directly. TokenTax is an option for individuals who want to ensure full adherence to IRS regulations.
With support for over 100 exchanges and wallets, TokenTax is a choice for traders who operate on multiple platforms. It also accommodates NFTs and DeFi platforms, ensuring that even users can manage more transactions.
TokenTax is recognized for its customer service which includes options for expert tax reviews, making it a dependable option for those in need of crypto tax services.
One downside of TokenTax is its pricing, which is steeper than that of platforms, particularly for features. Also, it’s not free, and its most basic plan only allows for a limited number of transactions and exchanges. Nonetheless, for users seeking a tax tool that is fully automated and compliant with US regulations, TokenTax remains one of the top contenders.
TokenTax features: Exchanges, pricing, and free plans
| Exchanges supported | 100+ |
| Blockchains supported | 50+ |
| Free plan? | No, only paid plans available |
| Pricing (per number of transactions) | 0 – 500 tx: $65 (limited to Coinbase integration)501 – 5000 tx: $199 (full support for all exchanges)Above 5000 tx: $799+ |
| Customer service | Web chat, email, and expert tax advisors (for higher plans) |
| NFTs? | Yes, supports NFTs and DeFi for tax reporting |
Pros and cons of TokenTax
Pros
- Fully automated IRS Form 8949 generation and filing
- Excellent customer support, including expert tax reviews and consultations
- Wide support for exchanges, wallets, DeFi, and NFTs
- Tailored plans for professional traders and high-volume users
- Integrated with TurboTax, simplifying the process for users already on that platform
Cons:
- No free plan, and pricing is on the higher side for large transaction volumes
- The basic plan only supports Coinbase integration
- May not be cost-effective for casual or low-volume traders
5. ZenLedger – Best for DeFi and Crypto Mining Taxes
Why we chose ZenLedger
We chose ZenLedger as the best cryptocurrency tax calculator for investors in decentralized finance and individuals dealing with crypto mining taxes.
With its strong support for more than 400 exchanges, 100+ DeFi protocols, and extensive tax reporting capabilities for staking, yield farming, and various other income-generating crypto activities, it proves to be an ideal choice for those heavily engaged in decentralized finance.
Moreover, ZenLedger comes equipped with features specifically designed to assist miners with their crypto tax preparations making it a tool for individuals who have tax requirements.
Review of ZenLedger
ZenLedger is tailored for DeFi enthusiasts and miners seeking a trustworthy tax solution for their income-generating ventures.
With its support for 40+ blockchains, including decentralized platforms like Uniswap, Aave, and PancakeSwap, it proves to be a choice for those engaged in staking, yield farming, and various DeFi activities. Additionally, ZenLedger accommodates mining taxes, enabling miners to accurately monitor their income and expenses related to operations.
The platform’s user-friendly interface and tax process simplify the filing process for both novice and experienced crypto traders. It seamlessly integrates with exchanges and wallets, offering comprehensive tax reports for the U.S. and more than 150 other countries to ensure compliance with local tax regulations.
Nevertheless, the pricing for features such as complete DeFi integration may deter smaller traders or casual users. Moreover, the ZenLedgers plan limits users to only 25 transactions, which might fall short for traders.
Customer support is accessible via live chat, email, and a robust help center providing users with the necessary assistance for crypto tax inquiries.
ZenLedger features: Exchanges, pricing, and free plans
| Exchanges supported | 500+ |
| Blockchains supported | 25 |
| Free plan? | Up to 10 transactions |
| Pricing (per number of transactions) | 0 – 25 tx : Free26 – 100 tx: $49101 – 1000 tx: $1491001 – 5000 tx: $3995001+ tx: Custom pricing |
| Customer service | Web chat, email, help center, and CPA access (for higher tiers) |
| NFTs? | Yes, supports NFT and DeFi for tax reporting |
Pros and cons of ZenLedger
Pros
- Ideal for DeFi investors and crypto miners with its advanced income tracking features
- Supports over 400 decentralized protocols, making it suitable for DeFi and staking activities
- Strong support for crypto mining taxes
- Easy-to-use interface for users with varying levels of experience
- Extensive customer support, including chat and email, with help from tax professionals
Cons:
- The free plan only supports up to 25 transactions, limiting its utility for active traders
- Advanced DeFi and mining features require higher-tier paid plans
- Pricing can be steep for high-volume users
6. CryptoTaxCalculator – Best for DeFi and Web3 Enthusiasts
Why we chose CryptoTaxCalculator
We chose CryptoTaxCalculator as the top pick for those interested in DeFi and Web3 because it offers robust assistance for various decentralized finance actions such as staking, NFT trading, and yield farming.
With close to 3.500 platform integrations and comprehensive crypto tax service support across 22 countries, this platform meets the needs of individuals involved in the rapidly changing Web3 landscape by providing thorough tax tracking, for even the most intricate activities.
Review of CryptoTaxCalculator
Supported by Coinbase Ventures, this platform boasts an impressive array of integrations between wallets, exchanges, and NFT marketplaces. With compatibility, across more than 42 blockchain standards, CryptoTaxCalculator ensures meticulous tracking and calculation of all your transactions for tax purposes, regardless of their complexity.
The platform’s standout feature is its user-friendliness thanks to an interface that streamlines crypto tax preparation by automatically calculating gains and income from DeFi.
NFT traders will find it particularly convenient as CryptoTaxCalculator efficiently manages mints sweeps and burns while covering all taxable events. Moreover, the software complies, with regulations enabling users from 22 countries including the U.S., Australia, and the UK to generate tax reports.
Although its extensive functionalities are perfect for users, the platform may seem daunting to newcomers. Moreover, it does not provide a plan and its costs can be quite high for individuals dealing with transaction volumes, particularly if they require additional features such as tax loss harvesting.
CryptoTaxCalculator features: Exchanges, pricing, and free plans
| Exchanges supported | 3.500+ |
| Blockchains supported | 42+ |
| Free plan? | Up to 10 transactions |
| Pricing (per number of transactions) | 0 – 100 tx: $49101 – 1000 tx: $991001 – 10000 tx: $24910,001 – 100,000 tx: $499 |
| Customer service | Web chat, email, and detailed help center |
| NFTs? | Yes, supports NFT transactions including bulk minting and burning |
Pros and cons of CryptoTaxCalculator
Pros
- Best for DeFi and Web3 enthusiasts with extensive support for DeFi platforms, NFT trades, and staking
- Integrates with nearly 3.500 platforms, covering both centralized and decentralized exchanges
- Excellent for handling complex crypto tax scenarios, including Web3 activities like staking, DeFi, and NFT income
- Supports tax reporting in 22 countries, ensuring compliance with global tax laws
Cons:
- No free crypto tax software plan, making it less accessible for casual users
- Pricing is steep for high-volume traders, particularly those needing advanced features
- Interface can be overwhelming for beginners due to its wide array of advanced functionalities
7. CryptoTax – Best for Global Users with Country-Specific Tax Reports
Why we chose CryptoTax
We opted for CryptoTax due to its expertise in offering tax reports customized for different countries. This makes it a choice for global users seeking personalized tax solutions.
The platform delivers cryptocurrency tax assistance that adheres to the tax regulations of various nations. It seamlessly integrates with exchanges and wallets providing a comprehensive and user-friendly experience.
Review of CryptoTax
CryptoTax is tailored for global cryptocurrency traders, providing comprehensive tax preparation features that align with specific regulations in different countries.
What sets it apart is its capability to create tax reports, ensuring users stay compliant with local tax authorities. This makes it a choice for traders seeking accurate and timely tax filings across various regions like Europe, the U.S., and Australia.
The platform supports over 100 exchanges and 20+ blockchains, and is compatible with major crypto wallets, making it easy for users to import their transaction data. One of CryptoTax’s advantages is its automatic tax report generation, streamlining the entire filing process.
CryptoTax does not provide a plan, and its costs could be steeper compared to certain rivals. Nevertheless, its tailored reporting and emphasis on adherence to regulations make it a great choice for traders seeking to fulfill their legal responsibilities accurately.
Regarding their customer support, it’s accessible through chat and email and the platform offers comprehensive guides to help users navigate its features.
CryptoTax features: Exchanges, pricing, and free plans
| Exchanges supported | 100+ |
| Blockchains supported | 20+ |
| Free plan? | No, only paid plans are available |
| Pricing (per number of transactions) | 0 – 100 tx: $99101 – 1000 tx: $2491001 – 10,000 tx: Custom pricing |
| Customer service | Web chat, email, detailed guides |
| NFTs? | Yes, supports NFT transactions for tax reporting |
Pros and cons of CryptoTax
Pros
- Best for users needing country-specific tax reports, ensuring local tax compliance
- Comprehensive support for capital gains, staking, and crypto mining taxes
- Seamless integration with major exchanges and wallets
- Provides tailored tax reports for multiple countries, making it ideal for international users
Cons:
- No free crypto tax software plan, which could deter casual traders
- Pricing is higher than some competitors for those with a high number of transactions
- Limited blockchain support compared to other platforms
8. TaxBit – Best for High-Volume Traders with Unlimited Transactions
Why we chose TaxBit
We picked TaxBit as the perfect choice for traders dealing with volumes of transactions due to its competitive pricing and support for unlimited transaction reviews in the free plan.
TaxBits seamless integration with exchanges and wallets in its all-inclusive approach makes it easy for users to manage a high volume of crypto transactions without any hassle.
Additionally, it offers thorough cryptocurrency tax preparation services for those seeking Bitcoin tax software that aligns with IRS regulations.
Review of TaxBit
TaxBit is a software designed for traders who have a high number of transactions. One of its benefits is that the free plan supports unlimited transaction reviews, while paid plans provide full tax reporting, making it ideal for active traders who manage thousands of transactions. This feature makes it a cost-effective option for both professional and institutional traders.
The platform can connect with over 1.500 exchanges and supports various blockchains, ensuring smooth import of transaction data. In addition to its support, TaxBit streamlines the tax reporting process by automatically generating tax forms such as IRS Form 8949, which can be submitted directly.
Additionally, it offers a free plan for users with up to 50 transactions, making it attractive for casual traders as well.
TaxBit guarantees adherence to tax laws globally, providing a range of functionalities, like reporting for crypto mining and monitoring NFT transactions. The platform boasts a user-friendly interface offering crypto tax solutions, with robust customer support and CPA assistance on higher-tier plans.
TaxBit features: Exchanges, pricing, and free plans
| Exchanges supported | 1.500+ |
| Blockchains supported | 50+ |
| Free plan? | Yes, with unlimited transaction reviews |
| Pricing (per number of transactions) | 0 – 250 tx: $50251 – 2500 tx: $175 2500 – 25,000 tx: $500 |
| Customer service | Web chat, email, and CPA audit support (for Pro users) |
| NFTs? | Yes, supports NFT transactions for tax reporting |
Pros and cons of TaxBit
Pros
- Best for high-volume traders with unlimited transaction reviews on the free plan
- Strong integration with over 1.500 exchanges and multiple blockchains
- Free plan for unlimited transaction reviews, ideal for casual traders
- IRS-compliant tax reports, including automatic generation of Form 8949
- CPA audit support for Pro users
Cons:
- Full reporting features are only available on paid plans
- Premium pricing may be costly for lower-volume traders
- Limited DeFi support compared to competitors focused on advanced DeFi and staking features
The best crypto tax software and apps compared
| Platform | Exchanges | Blockchains | Free plan | Customer service | NFTs |
| CoinLedger | 100+ | 9 | Yes, up to 25 transactions | Web chat, email, help center | Yes |
| CoinPanda | 500+ | 125+ | Yes, up to 25 transactions | Web chat, email | Yes |
| Koinly | 400+ | 170+ | Yes, up to 10,000 transactions (no tax reports) | Live chat, email, help center | Yes |
| TokenTax | 100+ | 50+ | No | Web chat, email, expert tax advisors | Yes |
| ZenLedger | 400+ | 100+ | Yes, up to 25 transactions | Web chat, email, help center | Yes |
| CryptoTaxCalculator | 3500+ | 42+ | No | Web chat, email, help center | Yes |
| CryptoTax | 100+ | 20+ | No | Web chat, email, guides | Yes |
| TaxBit | 1500+ | 50+ | Yes, unlimited transactions | Web chat, email, CPA audit support | Yes |
If you’re an active trader, especially engaging in frequent trades, choosing the right platform for your trading strategy is crucial. Explore our guide to the best crypto exchanges for day trading for a deeper look at optimal platforms.
What is the best free crypto tax software?
TaxBit offers a solution that lets users manage unlimited transaction reviews without generating tax reports. This feature is attractive, to those who want to keep tabs on their transactions especially those engaged in trading.
If you are looking for fiscal reporting, you can find better alternatives. This platform shines as the preferred choice for those looking for no-fee tracking services.
What is the best crypto tax software for Turbo Tax?
When it comes to integrating with TurboTax, TokenTax stands out as the choice. It streamlines the process of filling out IRS Form 8949 making it ideal for individuals in the US who are filing directly with the IRS or using TurboTax for their tax returns.
For traders or those requiring advanced TurboTax integration, TokenTax provides a comprehensive solution. If you’re seeking a budget-friendly alternative, CoinLedger also works seamlessly with TurboTax offering integration along with features like tax loss harvesting and an interface.
What is the best crypto tax software for accountants?
CryptoTaxCalculator stands out as the top choice for accountants when it comes to software. With its Pro Plan it can handle transactions at a price.
The platform is compatible with over 3,500 exchanges and 42 blockchains offering flexibility for portfolios. Moreover, it provides tax formatting based on regions and a specialized suite designed for accountants that simplifies report generation for multiple clients.
Its support for DeFi and NFT transactions adds to its value for professionals overseeing a range of investment portfolios.
How to choose the right crypto tax app for your needs
When selecting a cryptocurrency tax application, keep the following factors in mind:
- Transaction Volume: Opt for a platform that aligns with the number of transactions you need to report. If your volume is low free options like Koinly or CoinPanda may be sufficient. For traders dealing with higher volumes, TaxBit provides plans that accommodate unlimited transactions.
- Supported Exchanges and Blockchains: Ensure that the platform you choose supports the exchanges and blockchains you utilize. CoinPanda and CryptoTaxCalculator integrate with a range of exchanges and blockchains, making them suitable for individuals with portfolios.
- Budget: When it comes to your budget, it’s important to assess both your financial plan and the pricing model of the platform. For those seeking an affordable choice, Koinly stands out with its offerings.
- International Tax Compliance: If you engage in trading on a regular basis, select software that can handle tax reporting for your country. Platforms such as Koinly and TokenTax offer comprehensive international reporting capabilities.
- Advanced Features: Consider whether you require features like tax loss harvesting, support for DeFi, or staking. CoinLedger, ZenLedger, and TaxBit excel in loss harvesting and DeFi, while platforms like TokenTax offer automation for IRS Form 8949.
- TurboTax Integration: For users who need TurboTax for filing, TokenTax and CoinLedger provide integration, streamlining the filing process.
Now that you know how to choose the right cryptocurrency tax app for your needs, you are ready to expand your portfolio and explore new emerging projects that can relaunch your crypto portfolio. Don’t miss our guide to the best cryptocurrency presales to discover new opportunities before they reach exchanges.
Methodology: How we chose the best crypto tax software and calculators in 2024
In our review of the top crypto tax software and calculators for 2024 we aimed to find platforms that cater to the needs of cryptocurrency traders and investors. Here’s how we judged and scored each service:
Compatibility with exchanges and blockchains: We have prioritized platforms that support a range of exchanges and wallets, ensuring broad compatibility. Leading crypto tax calculators such as CoinPanda and Koinly stand out for their integration with exchanges making them suitable for handling portfolios.
Availability of plans: We examined whether each platform offered a free option for crypto tax software and the extent of those offerings. For instance Koinly allows up to 10.000 transactions in its free plan making it well suited for occasional traders.
Ease of use and user experience: Our assessment looked at how easy each platform is to use. We paid attention to user interfaces and the capability to import data from wallets and exchanges effortlessly. Beginners will find platforms such as CoinLedger user-friendly while advanced users will value the options offered by CryptoTaxCalculator.
Pricing and affordability: We evaluated the pricing of each platform based on the number of transactions supported and the overall value provided. Platforms like TaxBit emerged as one the most cost-effective crypto tax software offering free plans with unlimited transactions.
DeFi and NFT support: With the increasing complexity of crypto investments we ranked platforms based on their ability to manage transactions involving staking, DeFi, and NFT income. Platforms like ZenLedger and CryptoTaxCalculator excelled in this aspect.
TurboTax and tax report integration: If you’re seeking software for crypto taxes that works with TurboTax we spotlighted platforms that offer integration with the service. TokenTax excelled in this area, simplifying the process of generating and submitting IRS-compliant tax reports.
Customer support and assistance: We assessed the customer service offered by each platform, considering their responsiveness. Whether users required answers through crypto tax support or detailed guides for troubleshooting, platforms like CoinLedger and TokenTax offered robust assistance.
Global tax compliance: We examined how well each platform adapted to jurisdictions. CryptoTax stood out for its tailored reports, making it a choice for traders.
FAQs
How to file crypto taxes?
Do I have to pay taxes on crypto mining?
How to keep track of crypto for taxes?
How to get Coinbase Pro tax documents?
How to get Crypto.com tax documents
References
- Crypto Taxes: The Complete Guide (2024) | CoinLedger | 2024
- Guide to Crypto Taxes in the UK | CoinPanda | 2024
- Discover Koinly, The Best Crypto Tax Software for Accountants | Koinly | 2024
- TokenTax Features, From Forms to Filing | TokenTax | 2024
- DeFi Crypto Tax Guide: Yield Farming, Lending, Liquidity Pools, and More | ZenLedger | 2024
- NFT Taxes in the US – Complete Guide 2024 | CryptoTaxCalculator | 2024
- Cryptocurrency Hard Fork Taxes Explained | CryptoTax | 2024
- Crypto Tax Clarity: Treasury’s Roadmap for Digital Asset Information Reporting | TaxBit | 2024
