The 7+ Best Crypto Tax Software in 2024 (Free & Paid)
One of the key benefits of using crypto tax software is the ability to automate many of the boring and time-consuming tasks associated with calculating taxes on cryptocurrency transactions.
Hence, choosing the right crypto tax software is a crucial part of saving and filing taxes. In this article, I reviewed the best 7+ crypto tax software, along with my top 3 choices, to save you time and effort.
Koinly
Koinly is one of the top crypto tax software products. It automatically tracks crypto transactions across all exchange accounts and wallet addresses.
Accointing
Accointing is a reliable and user-friendly solution for cryptocurrency investors and traders looking to streamline their accounting and reporting processes.
Zenledger
The advanced tax reporting functionality in ZenLedger generates detailed tax reports that are fully compliant with local tax laws and regulations in over 100 countries
Crypto tax software is specifically designed to assist users in complying with the complex and ever-changing tax laws governing cryptocurrency transactions. These software tools can track transactions across multiple wallets and exchanges and typically support a wide range of different cryptocurrencies.
What are the Best Crypto Tax Softwares?
It’s worth noting that while crypto tax software can be a valuable tool for managing tax obligations, it’s important to choose a reputable and reliable provider.
Here are my picks for the best crypto tax software…
1. Koinly
Koinly is one of the top crypto tax software products. It automatically tracks crypto transactions across all exchange accounts and wallet addresses. and calculates all your cryptocurrency taxes and helps you reduce them for the next year.
Furthermore, you can easily import your trade exchange accounts via API or CSV files and connect your blockchain wallets using public addresses.
Koinly is available in 20+ countries and supports 300+ exchanges and wallets.
Key Features
- With Koinly you can track your all crypto assets and taxes using actual ROI and invested fiat. And It Offers a detailed income overview of your income-generating sources such as mining, staking, and others.
- Koinly helps its users to get their all transaction data in one place by integrating all their accounts or wallets like, margin & futures trading, staking, lending & DeFi, etc.
- Koinly publishes reliable cryptocurrency tax reports and follows all cryptocurrency tax laws around the world.
- Furthermore, you can easily find and fix issues with your transactions, like a double-entry ledger, missing transactions, and more.
Pricing
Koinly offers a FREE plan for up to 10,000 transactions with the basic essential features required to file taxes.
Moreover, Kooinly has three different pricing plans, which you can upgrade on the way based on your requirements.
- Newbie Plan-
- Holder Plan-
- Trader Plan-
Pros And Cons Of Koinly
Pros
- Koinly has a simple and user-friendly interface that makes it easy for beginners to navigate and use the software.
- Koinly automatically calculates your crypto taxes based on your transaction history and provides detailed reports for filing your taxes.
- Koinly integrates with a wide range of exchanges and wallets, making it easy to import your transaction history and calculate your taxes accurately
Cons.
- The free version of Koinly has limited features, so users may need to upgrade to a paid plan to access all of the software’s functionalities.
- Limited Support for Non-US Tax Filings: Koinly primarily focuses on US tax filings, so users in other countries may not find the software as useful.
Get Started With the Koinly Free Crypto Tax Software
2. Accointing
Accointing is a cryptocurrency portfolio tracking and tax reporting platform founded in 2018. It allows users to easily manage their crypto investments and generate detailed tax reports.
Accointing integrates with over 300 exchanges and wallets and offers advanced features such as portfolio analytics and real-time market data.
Its tax reporting functionality is fully compliant with local tax laws and regulations in over 100 countries.
Overall, Accointing is a reliable and user-friendly solution for cryptocurrency investors and traders looking to streamline their accounting and reporting processes.
Key Features
- It makes it simple to track crypto investments across multiple exchanges and wallets, providing a comprehensive view of the performance of one’s portfolio.
- Accointing’s advanced algorithms calculate users’ tax liabilities automatically based on transaction history and generate detailed tax reports that are fully compliant with local tax laws and regulations.
- It is simple to import transaction history and reconcile their trades thanks to your integration with more than 300 exchanges and wallets.
- It provides real-time market data, allowing you to stay current on cryptocurrency prices and market trends.
- Portfolio analytics tools from Accointing provide detailed insights into portfolio performance, such as gains and losses, asset allocation, and risk management.
Pricing
Accointing offers free plans for up to 25 transactions. And Accointing has three other different paid plans.
- Hobbyist Plan- This Plan costs $79 per year.
- Trader Plan- This Plan Costs $199 per year.
- Pro Plan- This Plan Costs $299 per year.
Pros and Cons of Accointing
Pros
- Accointing offers a comprehensive platform for tracking cryptocurrency investments.
- Lets you generate tax reports on the go with its mobile app.
Cons
- Accointing’s advanced features and functionality may take some time to learn, especially for beginners.
- Some users have reported issues with customer support, including slow response times and limited availability.
Get Started with Accointing Crypto Tax Software For Free
3. ZenLedger
ZenLedger is crypto tax software that assists investors and traders in managing cryptocurrency transactions and calculating tax liabilities.
It allows integration with over 400 exchanges and wallets, making it simple for users to import transaction data and reconcile trades.
The advanced tax reporting functionality in ZenLedger generates detailed tax reports that are fully compliant with local tax laws and regulations in over 100 countries, making it a trustworthy tool for cryptocurrency investors and traders looking to streamline their accounting and reporting processes.
Key Features
- It allows for tracking crypto-to-crypto trades, which can be complicated and time-consuming to track manually.
- Loss harvesting is a feature in ZenLedger that identifies opportunities for users to harvest tax losses by selling investments at a loss and using those losses to offset gains in other investments, lowering their overall tax liability.
- ZenLedger offers responsive and helpful customer service.
- You can also keep track of fiat conversions, which is useful for users who frequently exchange cryptocurrencies for fiat currencies.
Pricing
Zenledger offers outstanding free plans for up to 25 transactions to understand its ease of use and its potential.
Additionally, Zenleger has four Different paid plans…
- Starter plan- This plan costs $49 per year.
- Premium Plan- This Plan costs $149 per year.
- Executive Plan- This Plan costs $399 per year.
- Platinum Plan- This Plan costs $999 per year.
You can choose based on your transaction requirements and the features you need.
Pros and Cons Of Zenledger
Pros
- ZenLedger has a user-friendly interface, which makes it easy to navigate and use for both beginner and experienced cryptocurrency traders.
- It supports over 4500 cryptocurrencies and integrations with over 40 exchanges.
- It also uses algorithms and automation to accurately calculate your tax liability.
Cons
- It offers limited customization options for tax reporting.
- customer support can be slow sometimes to respond.
Get Started with the Zenledger For Free
4. CoinLedger
Cryptotrader. tax is now Coinledger, a crypto tax software that allows users to easily calculate their tax obligations and generate accurate tax reports.
The software integrates with major cryptocurrency exchanges and wallets, allowing users to import their transaction data automatically.
Coinledger supports various tax filing methods, including tax forms for the US, UK, Canada, and Australia.
With features such as real-time tax calculations, tax optimization strategies, and portfolio tracking, Coinledger simplifies the often-complex process of cryptocurrency tax reporting.
Key Features
- You can Calculate tax liabilities in real time.
- You will get the suggested tax optimization strategies to help users reduce their tax liabilities, such as tax-loss harvesting.
- Easily export transaction data into programs such as TurboTax, TaxAct, and others.
- CoinLedger can support over 10,000 cryptocurrencies in a variety of exchanges and wallets worldwide.
Pricing
Coinledger has a Free Plan, for up to 20,000+ cryptocurrencies and unlimited transactions, including some limitations.
Coinledger has three different premium pricing plans:
- Hobbyist Plan- This Plan costs $49 per year.
- Investor Plan- This plan costs $99 per year.
- Unlimited Plan- This Plan Costs $199+ per year.
Pros and Cons Of CoinLedger
Pros
- Your reports can be directly imported into TurboTax Online, TurboTax Desktop, TaxAct, and many other tax platforms.
- Integrates well with most cryptocurrency exchanges
- Customer service is reliable 24/7 via chat or email.
Cons
- While Coinledger supports major cryptocurrency exchanges, it may not support all exchanges or wallets, which could be a limitation for some users.
- Does not accept cryptocurrencies as a form of payment.
Get Started with Coinledger for Free
5. Cointracker
CoinTracker is a versatile platform that provides users with a complete solution for cryptocurrency portfolio tracking and tax reporting.
The platform’s tax software feature simplifies the often-complex process of cryptocurrency tax reporting, generating accurate tax reports based on imported transaction data.
CoinTracker is an excellent tool for both novice and experienced investors, offering features such as automated transaction tracking, flexible reporting options, and real-time market data.
Key Features
- CoinTracker uses artificial intelligence to classify transactions accurately.
- It supports tracking of decentralized finance (DeFi) investments, including liquidity pools, yield farming, and staking.
- With Cointracker you can automatically identify potential tax loss harvesting opportunities, and minimize tax liability.
- Provides 12 distinct methods for submitting tax returns.
Pricing
Cointracker comes with a cool free plan for up to 25 transactions and the basic features of Cointracker, with some limitations.
Hence, Cointracker also has three different premium pricing plans are…
- Hobbyist – This Plan costs $59 per year, with a 30-day money-back Guarantee.
- Premium- This plan costs $199 per year, with a 30-day money-back guarantee.
- Unlimited- This Plan is custom pricing, you will need to contact the sales person of Cointracker.
Pros and Cons Of Cointracker
Pros
- It Supports tracking of DeFi investments, making it a versatile tool for investors.
- You can track and manage traditional investments alongside their cryptocurrency holdings.
- Simple report generating for TurboTax or your accountant
Cons
- The interface overwhelming or confusing at first, especially if they are new to cryptocurrency investing.
- The free plan allows for 25 transactions only.
Get Started with the Cointracker For Free
6. Crypto Tax Calculator
A crypto tax calculator is a tool that assists individuals and corporations in calculating their tax obligations on bitcoin transactions.
As the use of digital assets grows, tax authorities throughout the world are beginning to enact legislation governing cryptocurrency transactions.
Many people are intimidated by the intricacy of calculating tax duties on cryptocurrency, especially those who are unfamiliar with tax laws and regulations.
A crypto tax calculator streamlines this procedure by automating calculations and giving correct tax reports, allowing users to comply with tax legislation and avoid penalties.
Key Features
- A crypto tax calculator can be used to monitor the growth of your portfolio’s worth over time.
- It enables you to keep track of tax-deductible expenses like transaction fees and mining costs, which lowers your tax liability.
- DEX and Defi trading is supported by the platform.
- More than 500 exchanges, including all the important global exchanges, are integrated.
Pricing
Crypto Tax Calculator offers an awesome free plan for up to 3 inputs with basic tax reports and customer support.
The other three premium plans are:
- Hobbyist- This Plan costs $99 per year.
- Investor- This plan costs $249 per year.
- Trader- This Plan costs $499 per year.
Get Started with Crypto Tax Calculator For FREE
7. Kryposkatt
Kryptoskatt is the best crypto tax software if you want to maximize your tax savings while calculating your crypto taxes in a matter of minutes.
Cryptocurrencies are taxed differently in different countries, with some treating them as a kind of cash and others as assets or commodities.
It offers a variety of integrations to benefit you, including support for more than 200 wallets and exchanges, 50 blockchains, 1000+ DeFi protocols, and specialized NFT support.
Key Features
- Kryptoskatt regulations provide clarity on tax obligations.
- The software supports over 1000 DeFi protocols and over 50 blockchains, allowing you to calculate taxes on all of your crypto assets with ease.
- You may quickly prepare Free crypto tax reports that conform with your local laws, discover problems and download them once everything appears to be in order.
- You may auto-sync all of your data through API or use custom CSV files to import transaction data from over 200 exchanges and wallets.
Pricing
Kryptoskatt offers a freemium plan for 1000 transactions, and basic features with limitations.
It has three different premium pricing plans:
- Hobbyist- This Plan Costs $39 per year.
- Starter- This Plan costs $69 per year.
- Pro- This plan costs $129 per year.
Get Started with the Kryptoskatt for Free.
8. Blockpit
Blockpit is a well-known crypto tax software that offers a range of features to help calculate tax liabilities for cryptocurrency transactions accurately.
Also, it provides tax compliance in a number of countries, giving you assurance regarding tax conformity. With the help of Blockpit’s integrations with well-known cryptocurrency exchanges and wallets, you can easily import transaction data and create tax reports.
Key Features
- The Blockpit crypto tax app checks your depots to ensure your reports are accurate.
- You can choose the calculation method that works best for you including FIFO & LIFO.
- Blockpit is designed with robust security features to protect your data.
- On the reports page, you can watch your calculated realized gains and losses for your connected exchanges/wallets.
Pricing
Blockpit has a fantastic free plan for unlimited import and portfolio tracking among all blockchains and exchanges with more basic features.
Blockpit has three different pricing plans you can choose from based on your needs and requirements.
Get Started with Blockpit For Free
What is Crypto Tax Software?
Crypto tax software is specialist software that assists individuals and corporations in calculating their tax responsibilities associated with bitcoin transactions. As cryptocurrencies gain popularity, many tax authorities across the world are requiring taxpayers to record bitcoin gains and losses for tax purposes.
Crypto tax software operates by automatically importing data about bitcoin transactions from numerous platforms, including wallets, exchanges, and other places. The software then uses accounting principles and tax laws to determine the tax liability and produces tax reports.
For frequent bitcoin traders or investors who could have a lot of transactions to report, this can be extremely useful. Crypto tax software may contain capabilities such as automated transaction importation, numerous accounting techniques, real-time market prices, tax-loss harvesting, and compliance with local tax rules.
To make the process of filing taxes simpler, several crypto tax software companies also link with well-known accounting software.
Overall, crypto tax software can be a valuable tool for people and organizations to precisely calculate their tax liabilities related to bitcoin transactions, ensure compliance with tax rules, and avoid penalties or legal implications.
What are the Benefits of Using Crypto Tax Software?
Benefits of using cryptocurrency tax software include:
- Accuracy: Crypto tax software can compute gains and losses as well as tax liability depending on applicable tax laws and regulations. This might help you avoid mistakes and assure the accuracy of your tax returns.
- Time-saving: By automating the process of calculating your gains and losses, cryptocurrency tax software can save you a lot of time. This is especially useful if you have a high volume of transactions or trade regularly.
- Cost-effective: Hiring a tax specialist to assist you with your cryptocurrency taxes might be costly. Crypto tax software, on the other hand, is often far less expensive, making it a viable choice for many people.
- Portfolio analysis: You may track your investment performance and get portfolio analysis from some crypto tax software. This can help you manage your portfolio wisely and make informed investing decisions.
- Support: To assist you in using the software and to address any questions you might have, many crypto tax software companies give customer assistance.
Overall, adopting crypto tax software can make calculating your crypto taxes simpler, more accurate, and less expensive.
What Features to look into for the Best Crypto Tax Software?
There are several features to look for when selecting crypto tax software to guarantee that you receive the finest selection for your needs. Here are some of the most crucial elements to take into account:
- Support for your country or region: Ensure that the crypto tax software you chose supports your country or region’s tax laws and regulations.
- Automatic import: Search for tools that can import your transaction data from cryptocurrency exchanges and wallets automatically.
- Tax calculations that are accurate: The Software should calculate your tax due accurately based on your transactions and the applicable tax rules.
- Customized reports: Look for software that allows you to tailor your tax reports to your specific requirements. This can be useful if you have specific tax reporting needs.
- Portfolio analysis: Some crypto tax software includes portfolio analysis and performance tracking features. Making wise decisions and managing your money can both benefit from this.
- Customer support: Choose software that provides excellent customer service, with timely responses to any questions or concerns you may have.
- User-friendly interface: Seek software with a user-friendly interface that is simple to navigate and utilize.
Overall, the best crypto tax software should be accurate, efficient, customizable, and user-friendly, with good customer support and portfolio analysis features.
