If you’re like most people, the idea of filing your taxes is probably not something that gets you excited. But if you’re involved in cryptocurrency trading, it’s important to make sure that you file your taxes accurately and on time.
Our Top 3 Picks for Crypto Tax Software:
- Bitcoin.tax
- CoinLedger
- TaxBit
What Is The Best Crypto Tax Software?
Below, you’ll find our list of the 15 best crypto tax software services.1. CoinLedger Best Crypto Tax Software Overall
Overview: CoinLedger (formerly CryptoTrader.tax) lets you connect to your wallets and exchanges including Gemini, BlockFi, Binance, and Coinbase to pull transaction history. CoinLedger is best the best tax software for NFT trading. We’ve found that CoinLedger’s interface is very easy to use which helped it achieve the best overall crypto tax software. Top Features: CoinLedger has a user friendly website and interface that showcases the top features found below:- NFT Tax Software – If you’re wondering how to file taxes on your NFT transactions, CoinLedger has got you covered. You can started using their NFT Tax Software for free through their website.
- Access for Tax Professionals: – CoinLedger offers its services to tax professionals who are filing client’s crypto taxes.
- Informational Website – CoinLedger has great informational content on the ins and outs of paying cryptocurrency taxes. You can learn about tax loss harvesting and also about capital gains taxes.
2. TaxBit: Great for Crypto Tax Reports
Overview: TaxBit is another popular crypto tax software program. It offers a range of features to help you with your taxes, including the ability to import your transaction data, calculate your taxes owed, and more. Top Features:- Free Services – TaxBit offers free crypto tax services which includes unlimited transactions.
- Cryptocurrency Tax Guide – Another great feature of TaxBit is that it offers a great learning resource. Users can access the cryptocurrency tax guide to learn all about how to pay taxes on their crypto gains.
3. ZenLedger: Professional Crypto Taxes
Overview: ZenLedger is the best tax software for multiple wallets and exchanges. They have the one of the highest number of exchanges you can connect to via API. Top Features:- Grand Unified Accounting – Out of all the crypto tax reports that ZenLedger creates, the Grand Unified Accounting report may be the most useful. This crypto tax report will allow you to see all of your transactions in an easy to read sheet.
- Tax Loss Harvesting Tool – If you sign up for a free account, you can start using ZenLedger’s tax loss harvesting tool.
4. Bitcoin.tax: Best Crypto Tax Software for Newbies
Overview: Bitcoin.tax is one of the most popular crypto tax software programs available. It offers a range of features to help you with your taxes, including capital gains reports, tax return preparation, and more. Top Features: One of the reasons that Bitcoin.tax is the best crypto tax software is because of the wide variety of features it offers. Below is a list of our favorite features of Bitcoin.tax- Full Tax Preparation Service – Bitcoin.tax has partnered with tax professionals such as CPAs and licensed attorneys to offer a full tax preparation service.
- Audit Defense Service – Audits can be a messy situation for crypto traders who have thousands of transactions across different wallets. This is why Bitcoin.tax offers audit defense service in which a licensed attorney will be at your aid in case of an audit.
- Large Cryptocurrency Base – Bitcoin.tax supports all cryptocurrencies.
- Binance
- Bitfinex
- bitFlyer
- Bitstamp
- Bittrex
- BTC-e / WEX
- CampBX
- CEX.IO
- Circle
- Coinbase
- Coinbase Pro / GDAX
- Cryptopia
- Gemini
- HitBTC
- Kraken
- KuCoin
- LocalBitcoins
- Paxful
- Poloniex
- Uphold
- VirWox
5. Accointing
Overview: Accointing is the best tax software for customer support. Their support team is knowledgeable, friendly, and available 24/7. Top Features:- Portfolio Tracking – The crypto portfolio tracker allows you to see your crypto gains over the past year.
- Trading Tax Optimizer – The trading tax optimizer feature makes sure that you aren’t paying too much in capital gains tax.
6. TokenTax
Overview: TokenTax is the best high-end tax software. The support and features are excellent and they improve their platform every year. Top Features:- Real Time Tax Preview – With TokenTax, as your taxes are being filled out, you are able to see how much you are forecasted to pay in taxes.
- Tax Forms – TokenTax makes sure that you have access to all of the tax forms that you might need. Whether it’s form 8949, FBAR, or even international forms, TokenTax has you covered.
7. CoinTracker
Overview: CoinTracker is the best option for Coinbase users. The direct connection to Coinbase makes the crypto taxes process seamless and user friendly. Top Features:- Official Partner of Coinbase – You can directly connect your Coinbase account to CoinTracker to not only file taxes on your holdings, but also analytically track your portfolio.
- Automated Portfolio Tracking – CoinTracker offers another product called the “Crypto Portfolio Assistant” that tracks your crypto holdings in an easy to use manner.
- Automatic Tax Loss Harvesting – Of the best crypto tax softwares, CoinTracker is one of the few that offers automatic tax loss harvesting. This feature is available with the Crypto Portfolio Assistant.
8. Koinly
Overview: Koinly has the best data visualization of any tax software we’ve seen. You can see a history of your gains and losses overtime after connecting your transactions. Top Features:- Efficient Tax Form Process – Koinly claims that users can fill out a crypto tax report in just 20 minutes!
- Portfolio Tracking – By now, you’ve realized that a lot of cryptocurrency tax software companies offer this service. Koinly’s is on par with other similar companies.
9. CoinTracking
Overview: CoinTracking is designed to help users track their capital gains and losses, as well as calculate how much taxes they owe. CoinTracking is available for both Mac and Windows, and it offers a free trial period. Top Features:- Professional Help – CoinTracking has the assistance of tax professionals to help give service to its customers. CoinTrackings looks to help users follow tax laws in over 100 different countries.
- Customizable Reports – Users can not only track their portfolios to see capital gains, but also create up to 25 different custom reports to analyze their portfolio.
10. fyn / BearTax
Overview: Fyn, formely known as BearTax, lets you see your losses and gains for free, but you’ll need to pay to download the tax form. Fyn is great for free insight into your crypto gains and losses! Top Feature:- International Markets – Fyn supports trades in 25 different global markets and they have more coming soon!
- Free Capital Gains View – Users can see their forecasted capital gains for free!
11. Tax.Crypto
Overview: Tax.Crypto.com is the best tax software for Crypto.com users. It is a free tool and there is no paid subscription required to use. Top Features:- Free – Tax.Crypto is the only crypto tax software service that offers tax services entirely free to its users no matter how many transactions they make!
12. CoinPanda
Overview: Coinpanda is making crypto tax filing as fun as it gets. Some CoinPanda users have reported getting their crypto taxes done in less than 20 minutes. Top Features:- International Support – Coinpanda supports more than 50 fiat currencies which makes them a great option to international traders.
- NFTs/metaverse – Users can import their NFT or metaverse transactions through Opensea, which makes filing taxes more seamless!
13. TaxHawk
Overview: TaxHawk offers many types of tax filings for free that others don’t. TaxHawk lets you file federally for free and can help you calculate crypto taxes. Top Features:- Access to Tax Professionals – Although TaxHawk is not designed specifically for filing crypto taxes, users have access to professionals who can answer questions on crypto taxes.
14. BitTaxer
Overview: BitTaxer is best for people who are self-employed or have income from investments, as it can help to maximize deductions and minimize taxes owed. Top Feature:- Fast Reporting – Although BitTaxer seems to be in its early stages compared to other companies, speedy tax filing is a top priority for them.
15. TurboTax
Overview: TurboTax is a great software for all of your taxes, but they’ve also gotten better at calculating crypto taxes as well. We found TurboTax to work best when you upload transactions for a full-service review. Top Features:- User Interface – TurboTax has been one of the most popular tax software services due to their easy to user website and app. Users can file their crypto taxes on both, making TurboTax a great place to file crypto taxes.
How do I pick a Crypto Tax Software?
When it comes to crypto tax software, there are a few different things that you should look for. First, you’ll want to make sure that the software is easy to use and understand. IF you are using multiple exchanges or wallets, you’ll want to go with a tax software that specializes in crypto like CoinLedger or ZenLedger. You should also look for software that offers customer support in case you have any questions or run into any problems. Finally, you’ll want to make sure that the software is up-to-date with the latest tax laws and regulations.What is the best crypto tax software for accountants?
CoinLedger is our pick for the best cryptocurrency tax software for accountants because of its ease of use. CoinLedger’s website is very user friendly and easy to navigate. Tax professionals can start using CoinLedger’s software for free to make sure they like it before paying.How do I file my crypto taxes for free?
Our best recommendation is Tax.Crypto. They offer free crypto tax services for any transaction numbers over the past year!Where do I buy crypto tax software?
Almost all of the crypto tax software companies have paid plans which you can pay for if you have a large number of transactions, or if you’re wanting advanced features.Wrap Up
Paying taxes on your cryptocurrency can be a headache when you’re trying to do it by yourself. Cryptocurrency tax software helps alleviate this stress come tax season. Whether you’re a new crypto trader or a seasoned veteran, there is crypto tax software that is best suited for you!Click to rate this post!
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