Here, we present the best crypto tax software prices for automated reports and calculations.
A cryptocurrency tax software is a perfect crypto trading tool for you to minimize your time doing non-trading stuff. This will maximize you trading time and also increase your potential profits.
Included websites provide you with an online account where you can import all your transactions and it will fix the rest. We have a 4 step guide where we describe this in the article, help to automate crypto tax calculations and filings with a software.
Since different governments have their own tax policies, we recommend to check up if your fiat currency and country laws are supported before you sign up and pay for a subscription.
Best Crypto Tax Software and Prices
In the table below, you can compare the best crypto tax software prices. As you can see, most of the crypto trading software we present has a free version.
However, free versions has often limited features and only supports a certain number of trades per year.
Make sure to select your crypto trading software carefully since it can be quite time consuming to change crypto tax software.
What is a crypto trading taxable event?
When you are trading cryptocurrencies it’s important to understand what a crypto taxable event is.
Because this is an event that is mandatory to report in your tax filings and that can have large impact on your crypto balances if not treated correctly.
There are two different main categories for a crypto taxable event.
- Capital gains (This is when you buy, sell, trade)
- Ordinary income (earn crypto from job, mining, staking, lending)
The challenging part is to calculate all these events in USD at the time they occurred.
This is challenging since there are probably many different occasions at different points of time and the USD value is dynamic (changes all the time). You can read more about what a taxable event and how crypto trading, earning, income and gain is taxed.
In this article, we focus on presenting the best crypto tax software to automate your tax report filings.
Cointracking - One of the Best Crypto Tax Software
Cointracking specializes in tracking and reporting crypto tax services for crypto businesses and traders alike.
It offers a wide range of products for its clients, including trade statistics, prices, reporting tools, balance calculations, and tax reports.
You can choose to automatically upload trading history via an API from all common crypto trading platforms. The main gist of the website is the ability to have a complete report and even budget prepared for you.
Cointracking is definitely one of the best crypto tax software and reporting apps on the market. Here, are some numbers to prove that
- 1,201,000 Active Users
- 25,000 CPAs &
- Corporate Clients
- 13 Years of Historical Data
- Coin Trends for 21,033 Coins
- $41.5B Total Value of all Portfolios
Personal Analysis on Cointracking
Cointracking offers personal tracking of your crypto portfolio possible to make in real-time with connected APIs. This feature is perfect to make any tax planning in the end of the year.
- 25 customizable crypto reports
- Interactive charts for trades and coins
- Profit / loss & Audit reports
- Realized and unrealized gains
Trade Imports on Cointracking
There are many different manual and automatic import features to Cointracking from your exchanges, wallets or blockchain addresses.
- Easy import from 110+ exchanges
- Automatic import via APIs
- Direct sync with the blockchain
- Export in Excel, PDF, CSV, XML & JSON
Tax Declaration on Cointracking
- Tax reports for 100+ countries
- Capital Gains, Income, Mining, etc.
- 13 Tax methods (FIFO, LIFO, AVCO…)
- Tax export for CPAs and the tax office
Coin Charts & Trends on Cointracking
Cointracking offers many features to analyze cryptocurrencies trends and statistics including
- Chart history for all 21,033 coins
- Always the latest prices for all coins
- Top Coins by trades and by volume
- Coin trends, statistics and analysis
Professional Help on Cointracking
- Crypto tax laws for 100+ countries
- Share your data with crypto tax advisors
- Tax reviews by the Full-Service team
- Detailed tutorials, video guides and FAQ
Security & Encryption on Cointracking
Cointracking embraces all the standard security features to secure your data from leakage. Regarding API, you only share readable API keys.
- Data and API encryption
- 2-factor authentication
- Create and restore trade backups
- No access to your exchanges required
Koinly Best Crypto Tax Software Review
Koinly Portfolio Tracking
With Koinly tax software, you will always have the possibility to view your total holdings and history across all your wallets and accounts. In addition, you can get up-to-date, ROI and tax calculations all the time so you always know your liabilities.
Get an overview of your ROI, mining, staking, lending, and other crypto income´.
Also, you can easily follow profits and losses of capital gains for realized and unrealized capital gains.
Koinly Data Import
Koinly crypto tax software supports automated data import via an API connection.
Add your BTC wallets using x/y/zpub keys and ETH tokens history Koinly track via your public address.
Koinly also handles margin and futures trading from all supported exchanges.
Koinly supports staking lending, or DeFi investments via Nexo, Compound, or Celcius. Koinly recognizes and tags all your income properly via an AI matching feature.
Koinly Crypto Tax Reports
With Koinly crypto tax software, you can always preview your capital gains and taxes for free before you generate the real tax documents.
There are different tax documents and procedures for different countries. See more information regarding this in our Koinly review.
Koinly Error Reconciliation
Koinly has implemented a lot of smart functions to make sure to minimize all the errors and automatically handle them.
- Double-entry ledger system. Every change in your asset balances is backed by an entry, making it easy to debug issues
- If there are missing transactions causing balances below zero Koinly will detect and highlight this.
- Koinly automatically checks and verify your wallets via API to ensure all data has been imported correctly
- Duplicate handling. Koinly handles duplicate transactions so there is no problem to import via API and manual via a CSV-file.
Bitcointaxes - Pure Crypto Tax Software
Crypto Tax Services for US, Canada, Australia, Germany and United Kingdom
BitcoinTaxes is quite different from Cointracking, since it offers crypto tax services only. It provides help for traders originating from the US, Canada, Australia, Germany, and the United Kingdom.
You have the option to import your transaction history and balance from the top Bitcoin trading sites and major exchanges, such as Coinbase, Gemini, Circle, Bitstamp, BTC-e, Bitfinex, Kraken, or CSV. The same service is available for the online wallet as well, which saves time from creating a new table by yourself.
The company offers tax models based on FIFO, LIFO, and average costing, which is flexible enough for most systems.
The platform also has a competitive advantage over its reveals in terms of its partnerships with accountants. You have the opportunity to work with your personal tax advisor through a program called “Tax Accountants”.
The snapshot below represents a page for tax attorneys, where you can contact professional that operates in a U.S. state in which you live. Since different regions might have their own policies, it is important to collaborate with the right professional. Also, the page offers information regarding their history, experience and a link to their website.
The website does not require any sort of personal information from you nor are you obliged to provide scanned documents. It is thus important to note that, although it provides services, the platform itself does not prepare tax reports for you.
Cryptotrader.tax Crypto Tax Software
Cryptotrader.tax is a crypto trading tax USA platform that offers FIFO (first-in-first-out) recording.
However, residents from other countries can open up an account as well. What makes this website quite interesting is the fact that you can calculate your cryptocurrency taxes for free. As long as you only import and calculate within the website, it is free of charge.
However, should you wish to download reports and fill out your IRS Form 8949, then the yearly $39.99 subscription applies.
Unlike other companies, Cryptotrader accepts fiat payments, through Visa, MasterCard, or American Express credit card. Since the platform is new, supported exchanges include Coinbase Pro (parent website Coinbase included), Bittrex, Gemini, Binance, and Poloniex.
There is also a feature of contacting individual tax advisors and accountants that could help you make crypto tax prep easy. All professionals base their operations within the U.S., meaning that financial advisors base their knowledge on the American financial system.
Best Crypto Tax Report Calculator Software for US Crypto Traders
Welcome, in this article we will present the best crypto tax report app for US customers.
A crypto tax report app for US customers should have support for
Form 1040 (Schedule D, Capital Gains and Losses)
Form 1099-MISC (Miscellaneous Income)
Read more about the best crypto tax report calculator software for US crypto traders.
Best Crypto Tax Accounting Software by Coin Bureau
In the video below, the largest YouTube crypto influencer presents his top 5 crypto tax software.
Best Crypto Tax Software Prices and Automated Reports - Summary
In this article, we provided our readers with a few different ways to simplify your crypto trading tax. We definitely think it is worth the cost to get cryptocurrency tax software to help you calculate obligations.
Some platforms have a free option to try first. The important thing is investing in some software – it saves time by doing complex calculations in your stead, which can be quite time-consuming and dull.
Depending on how many trades you have per year, you can choose between the different price packages.
Keep in mind that cryptocurrency tax laws change these days quite rapidly, so investigate them regularly.
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