ZenLedger
Top Pick
ZenLedger
Top Pick
Pricing
$49 for 100 transactions, $149 for 5,000 transaction, $399 for 15,000+ transactions & $999 for unlimited transactions
Countries Supported
150+ countries
Customer Feedback
3.5 stars on TrustPilot
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- Integrations:All major exchanges and wallets
- Support:Phone, email and live chat available
- Free Plan:Only for 25 transactions and doesn't include DeFi or NFT
- Pricing:$49 for 100 transactions, $149 for 5,000 transactions, $399 for 15,000 transactions and $999 for unlimited transactions
- Professional Services Pricing:$275 for consultation, $3500 per year, $6500 for two years
- Functionality:Full tax reporting, tax loss harvesting, NFT
- Countries Supported:150+ global currencies
- Tax Software integrations:TurboTax
- Customer Feedback:3.5 stars on TrustPilot
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Flexible pricing options
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Professional tax plans for individuals who prefer to have a professional complete a tax return on their behalf
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Strong DeFi and NFT support
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User Interface Complexity
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ZenLedger is based in Seattle and has raised over $25M in funding from investors. The company integrates with all the major crypto exchanges and it also supports many DeFi protocols and the most popular NFT platforms. ZenLedger claims to have 50,000 customers that have done over 2.5 billion transactions worth over $25B. ZenLedger even offers professional tax software for CPAs looking to help their clients accurately file their crypto taxes.
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ZenLedger is a tax software that offers the full solution for the customer. It automatically imports data and generates accurate tax reports. Whether customers have a large volume of transactions or need to calculate taxes for previous years, ZenLedger is an effective tool. It's also great for NFT and DeFi traders and even has an option to have them do the taxes for you. This can be very important to have a professional handle your taxes if you don't want to manage it yourself.
CoinLedger
CoinLedger
Pricing
$49 for 100 transactions, $99 for 1,000 transaction & $199 for 3,000+ transactions
Countries Supported
14 including USA, Australia and Canada
Customer Feedback
4.8 star rating on TrustPilot
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- Integrations:Integrations with all major exchanges and wallets
- Support:Email and live chat available
- Free Plan:The free plan allows users to view all trades and has a portfolio tracker but does not come with any tax reports or tax loss harvesting
- Pricing:$49 for 100 transactions, $99 for 1,000 transactions, $199 for 3000+ transactions
- Functionality:Full tax reporting, tax loss harvesting, NFT, DeFi
- Countries Supported:14 countries including USA, Australia and Canada
- Tax Software Integrations:TurboTax, TaxAct, TaxSlayer and H&R Block
- Customer Feedback:4.8 on Trustpilot
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Complete solution to meet all needs - including NFTs and DeFi
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Numerous integrations with crypto exchanges and traditional tax software
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Good customer support
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Free plan isn't very robust
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CoinLedger (formerly Cryptotrader.tax) was one of the first crypto tax software solutions launched in 2018. The company is based in Austin, Texas, raised $6M from investors and has around 30 employees. The company recently rebranded to CoinLedger to reflect the company's evolution into portfolio management and accounting software. CoinLedger's tax product is one of the more popular tools on the market, as it is robust and offers a good user experience. Specifically, they help cryptocurrency users keep track of all their accounts - because many cryptocurrencies are interoperable, meaning their value is recognized across blockchains, cryptocurrency users sometimes spread their digital assets across numerous platforms. Experienced crypto users can use it to track all cryptocurrency trades as well as NFT support and DeFi tracking.
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CoinLedger is one of the most popular crypto tax software to use. It's easy to use and has plenty of integrations to crypto exchanges and can also handle NFT and DeFi trading. Email and live chat is also very helpful. Its automatic data importing and accurate calculations ensures accuracy.
Koinly
Koinly
Pricing
$49 for 100 transactions, $99 for 1,000 transaction & $179 for 3,000+ transactions
Countries Supported
30
Customer Feedback
4.8 stars on TrustPilot
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- Integrations:All major exchanges and wallets
- Support:Email and live chat available
- Free Plan:Includes portfolio tracker, but does not include live chat or tax reporting
- Pricing:$49 for 100 transactions, $99 for 1,000 transactions, $179 for 3,000+ transactions
- Functionality:Full tax reporting, tax loss harvesting, NFTs
- Countries Supported:30+ countries
- Tax Software integrations:TurboTax, TaxAct
- Customer Feedback:4.8 stars on TrustPilot
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Supports 30+ countries
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Country-specific reports on crypto taxes
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Affordable pricing
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Not US-focused
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Koinly is based in London and offers a strong focus on international accounting. Given crypto rules and regulations vary by country, it's important to find a crypto tax software that offers country-specific functionality. Koinly stands out in this aspect. It supports over 30 countries while most competitors only support around 15 countries. Koinly also has a free portfolio tracker, which enables tracking and managing crypto across multiple exchanges.
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Koinly simplifies the process of calculating and reporting cryptocurrency taxes. It provides accurate calculations and generates comprehensive tax reports. Koinly's compatibility with a range of cryptocurrencies makes it suitable for diverse portfolios. It's one of the best software to use for international tax reporting.
TaxBit
TaxBit
Pricing
$0 for unlimited transactions
Countries Supported
USA
Customer Feedback
3.8 stars on TrustPilot
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- Integrations:Major exchanges and wallets
- Support:Email and chat available
- Free Plan:The service is free for individuals
- Pricing: $0 for unlimited transactions
- Functionality:Full tax reporting, tax loss harvesting, NFT, DeFi
- Countries Supported:USA
- Tax Software Integrations:TurboTax, TaxAct
- Customer Feedback:3.8 stars on TrustPilot
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User-friendly interface
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Comprehensive support for exchanges, wallets and DeFi
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Integration with popular traditional tax software
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Limited to US customers
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TaxBit helps users track crypto transactions and generate tax reports. It is designed to be easy to use, even for users with no prior tax experience. TaxBit supports 500+ exchanges and wallets and takes the burden of importing transactions off of its customers, saving them a lot of time and hassle. Once a customer's transactions have been imported, TaxBit will calculate capital gains and losses. It will then generate tax reports that are compliant with tax authorities. TaxBit also offers a variety of features to help users optimize their taxes, such as tax loss harvesting and cost basis tracking.
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TaxBit is an excellent option for crypto users based in the US. It offers a user-friendly solution and comprehensive exchange and wallet support. The software's ease of use is a major advantage and Its integration with TurboTax and TaxAct provides a great advantage to users.
TurboTax is one of the most popular free tools that helps users prepare tax returns and supports educated investment decisions year-round.
CoinTracker
CoinTracker
Pricing
$49 for 100 transactions, $99 for 1,000 transaction & $199 for 3,000+ transactions
Countries Supported
USA, Canada, UK, and Australia
Customer Feedback
3.2 stars on TrustPilot
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- Integrations:All major exchanges and wallets
- Support:Email and live chat available
- Free Plan:Available for under 25 transactions
- Pricing:$49 for 100 transactions, $99 for 1,000 transactions, $199 for 3,000 transactions
- Functionality:Full tax reporting, tax loss harvesting, NFT, DeFi
- Countries Supported:USA, Canada, UK and Australia
- Tax Software Integrations:TurboTax, TaxAct
- Customer Feedback: 3.2 stars on TrustPilot
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User-friendly interface
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Comprehensive exchange and wallet support
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Portfolio tracker included
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Limited country support
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CoinTracker is a cryptocurrency portfolio and tax tracker. It helps users keep track of digital assets in one place. It supports various cryptocurrencies, including bitcoin, ether and litecoin. Users can import transactions from exchanges and wallets to calculate and stay on top of portfolio value. The platform provides real-time updates on market prices and portfolio performance. It also generates detailed reports for tax purposes, simplifying the process of filing crypto taxes. CoinTracker offers a user-friendly interface and keeps it interesting by allowing users to customize portfolio displays. Robust security measures are in place to protect users' data and funds. The platform is widely used by individual investors, traders and tax professionals.
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CoinTracker is a great solution for those seeking a simple crypto tax software. CoinTracker provides a comprehensive solution for managing and reporting crypto investments. However, its limited country support could be a drawback for international users.
Crypto Tax
Crypto Tax
Pricing
$29 for 50 transactions, $149 for 500 transactions and $149 for 2,000 transactions
Countries Supported
USA, UK, and Canada
Customer Feedback
4.2 stars on TrustPilot
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- Integrations:Major exchanges and wallets
- Support:Email and chat available
- Free Plan:No free plan available
- Pricing:$29 for 50 transactions, $79 for 500 transactions, $149 for 2,000 transactions
- Functionality:Full tax reporting, tax loss harvesting, NFT, DeFi
- Countries Supported:USA, UK and Canada
- Tax Software Integrations:TurboTax, TaxAct
- Customer Feedback:4.2 stars on TrustPilot
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Easy-to-use interface
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Wide range of exchange and wallet support
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Competitive pricing
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No free plan available
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Limited country support
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Crypto Tax is an easy to navigate software designed for managing and reporting crypto investments. It offers a simple platform for individuals to handle cryptocurrency transactions, with the software supporting a variety of different exchanges and wallets. It adapts to various types of crypto portfolios while offering comprehensive tax solutions. Crypto Tax' goal is to simplify handling taxes on cryptocurrencies. This is accomplished by supporting users with a system that can easily navigate through transactions. Resulting in - accurate reports that are generated to meet tax obligations.
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Crypto Tax offers a straightforward and easy-to-use solution for crypto tax reporting. With competitive pricing and a wide range of exchange and wallet support, it is a solid choice for those looking for a simple and affordable option. However, the lack of a free plan and limited country support may deter some users.
CoinPanda
CoinPanda
Pricing
$49 for 100 transactions, $99 for 1,500 transaction & $199 for 5,000+ transactions
Countries Supported
65 countries
Customer Feedback
4.7 stars on TrustPilot
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- Integration:All major exchanges and wallets
- Support:Email support available
- Free Plan: Up to 50 transactions
- Pricing:$49 for 100 transactions, $99 for 1,500 transactions, $199 for 5,000 transactions
- Functionality:Full tax reporting, guidance on tax loss harvesting
- Countries Supported:65 countries
- Tax Software Integrations:No direct integrations
- Customer Feedback:4.7 stars on TrustPilot
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User-friendly interface
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Supports a large number of countries
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No direct integration with traditional tax software
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CoinPanda simplifies tax reporting for individuals and businesses. Helping users easily calculate and manage crypto taxes with their "3 easy steps". CoinPanda supports popular exchanges and wallets allowing users to import transaction data easily. The platform calculates gains, losses and tax liabilities automatically and generates tax reports, including Form 8949 and Schedule D. These reports are crucial for tax filing in the United States. CoinPanda makes the process seamless and can bring peace of mind with accurate tax calculations by using up-to-date tax rules and regulations. Users can also track portfolios and check real-time prices on the platform. CoinPanda prioritizes user privacy and security by employing robust encryption.
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CoinPanda is an excellent choice for those looking for a simple and user-friendly crypto tax software. However, the lack of direct integrations with traditional tax software may be a drawback for some users.
CoinTracking
CoinTracking
Pricing
$99 for 3,500 transactions, $199 for 20,000 transactions & $299 for unlimited transactions
Countries Supported
Global
Customer Feedback
3.3 stars on TrustPilot
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- Integrations:All major exchanges and wallets
- Support:Email and forum support available
- Free Plan:Up to 200 transactions
- Pricing:$99 for 3,500 transactions, $199 for 20,000 transactions, $299 for unlimited transactions
- Functionality: Full tax reporting, tax loss harvesting
- Countries Supported:Global
- Tax Software Integrations:CSV export for import into traditional tax software
- Customer Feedback:3.3 stars on Trustpilot
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Comprehensive suite of tools
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Long-standing reputation in the industry
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Interface can be overwhelming for beginners
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CoinTracking, a cryptocurrency tax software founded in 2012, helps users track and manage crypto investments for tax purposes. The software can import transactions from various exchanges and wallets and generate detailed tax reports, including capital gains/losses. With CoinTracking, crypto holders can calculate crypto tax liability and stay compliant with tax regulations. It supports a wide range of cryptocurrencies and provides helpful features like portfolio tracking and performance analysis.
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Cointracking is a good option for a complete solution with a well-known reputation in the industry. Its interface, however, might be overwhelming for beginners.
TokenTax
TokenTax
Pricing
$65 for basic plan, $199 for premium plan & 2,499 for professional plan
Countries Supported
USA, Canada, UK & Australia
Customer Feedback
4.6 stars on TrustPilot
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- Integrations:All major exchanges and wallets
- Support:Email and live chat available
- Free Plan:None
- Pricing:$65 for basic plan, $199 for premium plan, $2,499 for professional plan
- Functionality:Full tax reporting, tax loss harvesting
- Countries Supported:USA, Canada, UK and Australia
- Tax Software Integrations:TurboTax, TaxAct
- Customer Feedback:4.6 stars on TrustPilot
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Offers a range of pricing plans to suit different needs
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Integrates with TurboTax and TaxAct
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No free plan available
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Complex user interface
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TokenTax is a crypto tax software company based in New York that prioritizes data privacy and security. It has many features, including tax loss harvesting. The software is user-intuitive and automates tax calculations, which saves time and makes crypto taxes less complicated for users. It works with popular crypto exchanges and wallets, so users can easily import transaction data. TokenTax analyzes the data to determine taxable events like capital gains, losses and income from staking or mining. It applies the relevant tax rules to ensure accurate calculations. TokenTax also provides comprehensive tax reports and forms, which helps users fulfill their tax obligations.
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TokenTax is a good option for those who want a range of pricing plans and integration with traditional tax software. Its interface, however, might be overwhelming for beginners.
BitcoinTaxes
BitcoinTaxes
Pricing
$29.95 for 100 transactions, $49.95 for 1,000 transactions & $99.95 for 5,000 transactions
Countries Supported
USA, Canada, UK & Australia
Customer Feedback
4.1 stars on TrustPilot
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- Integrations:All major exchanges and wallets
- Support:Email support available
- Free Plan:Up to 20 transactions
- Pricing:$29.95 for 100 transactions, $49.95 for 1,000 transactions, $99.95 for 5,000 transactions
- Functionality:Full tax reporting
- Countries Supported:USA, Canada, UK and Australia
- Tax Software Integrations:TurboTax, TaxAct, H&R Block
- Customer Feedback:4.1 stars on Trustpilot
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Simple and easy-to-use interface
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Attractive pricing
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Integrates with popular traditional tax software
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Limited functionality compared to other options
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BitcoinTaxes is a simple crypto tax software. It focuses on ease of use where users can import transaction data from exchanges, wallets and platforms. BitcoinTaxes ensures compliance with tax regulations especially via the software helping users stay organized. It provides a transaction history log which can be exported for record-keeping. BitcoinTaxes offers the next step for users by having a tax-loss harvesting tool and suggests strategies to optimize tax liabilities. The software also integrates with tax filing platforms like TurboTax and TaxACT, which makes it easy to transfer tax information and file returns. Always helpful, BitcoinTaxes provides detailed instructions and guidance to help users report crypto-related income and deductions accurately.
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BitcoinTaxes is a suitable choice for those looking for simplicity and ease of use. However, it may not offer all the features that more advanced users require.
Accointing
Accointing
Pricing
$49 for 100 transactions, $149 for 2,500 transactions, $329 for 10,000 transactions & $499 for unlimited plan
Countries Supported
40+ countries
Customer Feedback
3.5 stars on TrustPilot
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- Integrations:All major exchanges and wallets like Coinbase, Binance, Kraken
- Support:Email and chat available
- Free Plan:Up to 25 transactions for free
- Pricing:$49 for 100 transactions, $149 for 2,500 transactions, $329 for 10,000 transactions, and $499 for unlimited transactions
- Professional Services Pricing:On request
- Functionality:Tax reporting, portfolio management, analytics and insights
- Countries Supported:Over 40 countries including the US, UK, Australia, Canada
- Customer Feedback:3.5 stars on Trustpilot
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Affordable pricing for small investors
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Multilingual platform and tax reports
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Limited integrations with tax filing software
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Accointing is a crypto tax reporting platform based in Baar, Switzerland. Accointing integrates with all major crypto exchanges and wallets, supports over 300 crypto assets including popular DeFi and NFT protocols. It is designed to cater to the needs of individual crypto investors, traders and accounting professionals. This software provides a range of features to streamline the tax reporting process, such as automated data synchronization. Accointing's intuitive interface provides users with an overview of crypto holdings, capital gains and losses. Accointing is committed to ensuring compliance with tax regulations and stays currrent with the latest tax laws and regulations to provide accurate calculations and reporting.
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Accointing is a good option for non-US investors or those with basic needs. For US-based investors or active traders, more established companies may offer more to meet various needs. Accointing's DeFi and NFT support is a strong point in its favor, but the lack of phone support and limited tax software integrations are downsides to consider.
Awaken
Awaken
Pricing
$75 for 300 transactions, $150 for 1,000 transactions, $300 for 3,000 transactions & $400 for 5,000 transactions
Countries Supported
USA & Canada
Customer Feedback
4.1 stars on TrustPilot
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- Integrations:Major exchanges and wallets like Coinbase, Binance, Gemini
- Support:Email support available
- Free Plan:Up to 50 transactions for free
- Pricing:$75 for 300 transactions, $150 for 1,000 transactions, $300 for 3,000 transactions and $400 for 5,000 transactions
- Professional Services Pricing:On request
- Functionality: Tax reporting, tax-loss harvesting
- Countries Supported:US and Canada
- Tax Software Integrations:TurboTax
- Customer Feedback:4.1 stars on Trustpilot
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Affordable pricing
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Dedicated US-based crypto tax experts
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Simple and easy to use platform
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Limited number of country and tax software integrations
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Smaller company with less funding than competitors
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Awaken provides individuals and businesses with a streamlined solution for managing crypto tax obligations. It offers comprehensive tax reporting capabilities, with software that supports over 250 crypto assets including DeFi and NFT protocols. It also offers value-add advanced features including tax optimization strategies and convenient customizable settings. Security is a top priority for Awaken and therefore has robust security measures. These measures ensure the confidentiality and protection of users' sensitive financial information.
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Awaken is a solid choice for basic US-based crypto investors on a budget. However, more active traders or those with more complex situations may benefit from a fully-featured platform. Awaken's pricing is compelling but the lack of live phone support and limited integrations are downsides to consider.
Top Beluga Pick
ZenLedger is Beluga's pick for the best overall crypto tax software. Not only does ZenLedger support most countries and cryptocurrencies, it also supports 400+ crypto exchanges, 100+ DeFi protocols and more than 10 NFT platforms. Better yet, it even integrates with TurboTax and offers a tax loss harvesting tool, which tells users how many unrealized capital losses they have for each token type. While it is not the cheapest crypto tax software option for individuals ($49-$999), it is user friendly, accurate and offers phone, email and chat support for its customers.
For those who outsource taxes, ZenLedger also offers a CPA access feature, which allows users to grant access to their tax professional to view and edit their account at no additional cost. Additionally, for customers who don't have a preferred tax professional and don't want to handle their crypto taxes themselves, ZenLedger offerstax professional plans. The plans are priced at $3,500 per tax year or $6,500 per two tax years. With these plans a crypto tax professional completes all or part of a customer's tax return to ensure accuracy, save time and reduce stress for customers.
The Beluga Pick For Americans on a Budget
TaxBit is Beluga's pick for the most affordable and reliable crypto tax software for Americans on a budget. TaxBit is a reputable company that was chosen by the IRS in 2021 as its partner to provide data analysis and tax calculation support for taxpayers with cryptocurrency. The service is free for individuals and offers unlimited transactions, email support and easy exporting functionality to TurboTax or other traditional tax software. TaxBit supports over 500 exchanges and allows customers to integrate their crypto data for free across various exchanges, wallets, DeFi protocols and NFT marketplaces.
The Beluga Pick For Budget-Conscious Crypto Holders Outside the US
Koinly is Beluga's top pick for budget-conscious crypto holders beyond the United States. It makes the pick as the best free international option for crypto holders because it calculates taxes for more than 100 countries, supports more than 6,000 cryptocurrencies, more than 350 exchanges and 50 wallets. (While Koinly does offer support for US taxpayers as well, its free plan includes 10,000 transactions whereas TaxBit is a completely free service for American individuals and offers unlimited transactions).
The Koinlyfree plan does not include cost analysis. But it does offer access to many of the same features available in the paid plans including unlimited wallets and exchange accounts, portfolio tracking, capital gains preview, DeFi, margin trades and futures. The primary difference between the free and paid plans is that paid plans grant customers access to other tax report formats such as 8949, Schedule D and various European tax forms. Overall the free plan is fairly comprehensive. Upgrading to the first paid tier will only cost a customer $49, Koinly's highly ranked, reliable and affordable crypto tax software option for international crypto holders edges out the others.
Questions & Answers
Q.Will crypto exchanges report cryptocurrency trades to the IRS?
A. Exchanges must report specific transactions to the IRS due to legal requirements. These transactions typically involve U.S. dollars or other fiat currencies. However, individual trades may not be reported directly. This is why it is crucial and incumbent upon the user to keep track of all cryptocurrency transactions.
Q. What happens if crypto holders don't pay taxes?
A. Failing to pay taxes, including cryptocurrency taxes, can have serious consequences. The IRS may impose penalties and interest on the unpaid amount, and in some cases, the IRS may pursue legal action. It's crucial for crypto holders to fulfill tax obligations and seek professional advice if facing difficulties.
Q. What is tax loss harvesting?
A. Tax loss harvesting is a tactic to counterbalance capital gains. This is achieved by selling investments at a loss. In the case of cryptocurrencies, it requires selling those that have decreased in value since being acquired. The idea is to offset the profits gained from other successful trades. Cryptocurrency investors frequently use this technique, as it can help lower overall tax liability.
The strategy behind many tax loss harvesters is to buy their crypto back immediately after selling it, as crypto is currently exempt from the wash sales rules set forth by the IRS. These rules, which apply only to securities like stocks and bonds, state that taxpayers must wait 30 days to repurchase the security if they wish to claim it as a tax loss. Because the IRS deems cryptocurrency as property rather than a security, crypto holders can, without penalty, sell their crypto at a loss, claim a tax deduction and buy the same crypto back immediately after selling. This strategy is often used by crypto holders to purchase at low prices. However, it's important not to abuse this strategy and to speak to a tax adviser before making any such moves.
Q. How can crypto tax software help crypto investors?
A. Calculating and reporting cryptocurrency taxes becomes easier with crypto tax software. These tools integrate with popular exchanges, wallets and trading platforms. Cryptocurrency tax software imports transaction data automatically and performs complex calculations like cost basis and capital gains. This software generates precise tax reports that save time. It also ensures compliance with tax regulations.
Q. Which factors should be considered when choosing crypto tax software?
A. When choosing crypto tax software, consider its accuracy and reliability. Look for automatic data importing and support for many exchanges and wallets. Test the software's user interface and evaluate the company's pricing plans and what type of customer support they offer. Cryptocurrency investors should also check the software's functionality and features to confirm if it meets specific tax needs.
Q. Are crypto tax software solutions compatible with all cryptocurrencies?
A. Most reputable crypto tax software supports many cryptocurrencies. However, investors should double check a software's list of supported coins before purchasing any tax software. Some software may have limitations or require manual entry for less common or newly launched cryptocurrencies. It's essential to verify this information.
Q. Can investors with a high volume of transactions still use crypto tax software?
A. Investors with a high volume of transactions are particularly suited to using an appropriate crypto tax software due the complexity and volume of the sum of their activities. Look for tax software made for high volume and varied cryptocurrency engagement as well as tools that support a variety of cryptocurrency activities, such as staking, receiving airdrops, tracking trades and the like. Research crypto tax software providers for accuracy, reliability and reputation. Look for automatic data importing, comprehensive tax reporting and support for many exchanges and wallets. Test the software's user interface, customer support, pricing - pretty much all the features required for specific, and in this case, high transaction volume tax needs.
Q. Are crypto tax software tools secure?
A. Reputable crypto tax software providers focus on security to protect user data. This software uses encryption to safeguard sensitive information. It's important to choose a trusted software provider and follow best practices.