We present the best crypto tax software prices for automated reports and calculations.
- Koinly is the best crypto tax software based on price, features, and Trustpilot score.
- Get discount codes with Koinly, Cointracking, Coinledger and Coinpanda
- Koinly and Cointracking offer a free version but they are very limited in terms of tax reporting.
Since different governments have their tax policies, we recommend checking if your fiat currency and country laws are supported before you sign up and pay for a subscription with a crypto tax software.
*See all free crypto sign-up bonuses 2023 with terms and conditions.
**Cointracking has a low score on Trustpilot, but there are only 18 reviews. It has 4.7 on the App Store and 4.2 on Google Play.
What is crypto tax software?
➤The software automatically summarizes them into a report file suitable to upload directly to your tax authorities.
➤Tax software is also suitable to use as a crypto portfolio tracker.
What crypto tax software has a free version?
Is crypto tax software compatible with all cryptocurrencies?
Yes (almost)! Koinly and Cointracking support 20.000+ cryptocurrencies.
Is crypto tax software compatible with Defi?
Yes! Download a CSV or copy and paste the public address into your tax software.
Is crypto tax software compatible with centralized exchanges?
Yes! Export a CSV file with all transactions or create a read-only API key on the exchange and connect it to your tax software.
Is crypto tax software compatible with NFT transactions?
Yes, most of them support NFT trading!
Is crypto tax software compatible in my country?
Koinly and Cointracking have the most extensive global cover. You have to check yourself if your country is supported.
Does crypto tax software support interest-earning transactions?
Yes! Crypto tax software supports interest-earning transactions.
Does crypto tax software support staking rewards?
Yes! Crypto tax software supports staking rewards transactions.
Do you have more questions?
See our extensive FAQ at the end of the article.
Koinly – Best Crypto Tax Software Review
➤Koinly has many features, including portfolio tracking, API data import
- 23,000+ cryptocurrencies
- 10+ years of prices
- 170+ blockchains
- 400+ exchanges
- 100+ wallets
- 30+ crypto services
- Available in 20+ countries
- Free report preview
- Form 8949 & Schedule D
- TurboTax & TaxAct
- HMRC / ATO / CRA Report
Koinly’s tax software comprehensively views your crypto holdings across all wallets and accounts. It offers real-time ROI and tax calculations, allowing users to be consistently informed about their tax liabilities. The software covers various crypto activities, including spot trading, derivative trading, ROI, mining, staking, lending, etc. Users can easily track both realized and unrealized capital gains.
Koinly Data Import
Koinly facilitates both automatic and manual data imports. Automatic imports can be done using x/y/zpub keys for BTC wallets and public addresses for ETH tokens. The software efficiently manages data from margin and futures trading and supports staking and lending through platforms like Nexo and DeFi. It employs AI matching to tag crypto income accurately. Users can upload transaction history in CSV format specific to their desired tax calculation period for manual imports.
Koinly Tax Reports
Koinly allows users to preview capital gains and taxes for free. The software provides various tax documents tailored to different country regulations.
Koinly is built with intelligent functionalities to minimize and address errors. It employs a double-entry ledger system for accurate balance tracking, detects missing transactions, verifies wallet data via API, and handles duplicate transactions, ensuring seamless data integration whether imported via API or CSV.
Cointracking Tax Software
Accointing is another significant player in the crypto tax software space, known for its blend of portfolio tracking and tax reporting capabilities. Here’s an overview of its distinctive features and potential areas where it might be perceived as lacking:
Unique Features of Accointing:
Intuitive Interface: Accointing offers a clean and user-friendly dashboard, making it easy for users of all levels to navigate and understand their crypto activities.
Mobile App: One of its strong points is its mobile app, which is among the best in the industry. This app provides on-the-go access to portfolio tracking and other features.
Comprehensive Integration: Accointing supports over 300 wallets and exchanges, ensuring vast coverage for users with diversified portfolios.
Classification System: The platform uses a unique classification system that allows users to tag transactions based on type (e.g., income, gift, lost funds), aiding in accurate tax calculations.
Error Detector: Accointing is an in-built mechanism to detect missing or erroneous transaction data, ensuring reliable reporting.
Depth of Analysis: Accointing provides solid basic analytics, but advanced traders might crave more in-depth insights into their portfolio performance and using something like Tradingview.
Tax Report Granularity: Although Accointing supports global tax reporting, some users from specific countries might desire more localized or detailed tax templates.
Learning Curve: Given its range of features, new users might face a slight learning curve, especially when classifying and tagging a multitude of transactions.
Pricing Model: Depending on the transaction volume and desired features, some users might find Accointing’s premium plans a bit pricey compared to alternatives.
CoinLedger Tax Software
- 400K Users
- $70 Billion transactions processed
- $50 million saved through tax-loss harvesting
- Save Money With Tax Loss Harvesting
- Portfolio Tracker
- NFT Tax Software
- Have a CoinLedger expert review your data
Export to Your Tax Platform of Choice
One of its unique features is its analytical capabilities, providing users with in-depth insights into their portfolio’s health and performance. While relatively newer in the market compared to some competitors, Coinledger emphasizes user-friendliness alongside detailed reporting. It caters to individual crypto enthusiasts and professionals, ensuring tax compliance in various jurisdictions.
Coinpanda Tax Software
- 80K+ Investors
- Free plan but only for 25 transactions
- Capital Gains Report
- Mining, Staking, and Income
- DeFi, NFT and metaverse
- Futures and margin trading
- International tax forms (+65 countries)
Coinpanda is one of the platforms in the crypto tax software space, and it has its strengths and areas where it might be lacking compared to competitors. Here’s a brief overview:
Unique Features of Coinpanda:
Ease of Use: Coinpanda is known for its user-friendly interface. It’s designed to be intuitive, especially for beginners.
Global Support: Coinpanda supports over 65 countries and has specific tax report templates for each, which is a significant advantage for non-U.S. users.
Wide Range of Transactions: Beyond just buying and selling, Coinpanda supports a variety of transaction types including airdrops, staking, mining, gifts, and lost/stolen funds.
Error Handling: Coinpanda has an error-handling mechanism where it can detect and highlight discrepancies in imported data.
DeFi and NFT Support: Coinpanda keeps up with the evolving crypto landscape by offering support for DeFi platforms and NFT transactions.
Integration: While Coinpanda does support a wide range of exchanges and wallets, some users might find that it doesn’t cover some of the less common platforms they use.
Advanced Analysis: For professional traders or those with vast portfolios, Coinpanda’s analytics might seem basic compared to more feature-rich platforms.
Price Point: Depending on the number of transactions and the type of report needed, some users might find Coinpanda’s pricing to be on the higher side compared to other platforms offering similar features.
Bitcointaxes – Pure Crypto Tax Software
Crypto Tax Services for the 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.
Best Crypto Tax Report Calculator Software for US Crypto Traders
The linked article below 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.
What is a crypto trading taxable event?
When you are trading cryptocurrencies, it’s essential 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.
Best Crypto Tax Software Prices and Automated Reports – Summary
This article 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 pretty time-consuming and dull.
You can choose between the different price packages depending on how many trades you have per year.
Remember that cryptocurrency tax laws change rapidly, so investigate them regularly.
Included websites provide you with an online account to import all your transactions, which will fix the rest. We have a 4-step guide that describes this in the article, which helps to automate crypto tax calculations and filings with software.
Best Crypto Tax Software – FAQ
Is crypto tax software also a crypto portfolio tracker?
Many of the best crypto tax software have crypto portfolio tracking software and visuals. Check each crypto tax software before you sign up for what features are included in each price plan. We think Koinly is the most priceworthy crypto tax software.
Does crypto tax software separate income reports from capital gains?
Yes, crypto tax software should have this feature. Koinly and several more have this feature included in most price plans. Check your crypto tax software and price plan before you purchase anything.
Is crypto tax software responsible for my tax report filing?
No, you will always be responsible for your tax report. Crypto tax software is a tool for helping you to automate tax calculations.
Can I get a refund from crypto tax software?
Some crypto tax software offers a refund within a limited time after the purchase. Make sure to test the crypto tax calculations as soon as you buy the software and make the complaint as quickly as possible. We think a refund is motivated if the complaint is reasonable within a week. Koinly has a clear refund policy.
What should I report as a crypto income tax?
Since there are different laws in different jurisdictions, there is not one correct answer to this question. The general answer is
- getting paid in crypto
- staking rewards
- mining rewards
- referral income