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Crypto tax software programs make it easier to record your cryptocurrency transactions, track any capital gains or losses and report them to the Internal Revenue Service (IRS). To help you manage your tax obligations, we’ve compared a range of options to find the best crypto tax software programs in the US.
Methodology: How we chose the best crypto tax software
We considered a wide range of factors before choosing the best crypto tax software for US investors. When pouring over each platform, we looked at:
Price
Number of supported exchanges
Ease of use
Included tax forms and reports
Accountant access
Customer service
Our selection of the best tax crypto software is updated by our editorial team throughout the year to reflect changes in the market. Top picks are those we’ve evaluated to be best for certain product features or categories. If we show a Promoted Pick, this means it’s been chosen from among our commercial partners and is based on factors that include special features or offers, and the commission we receive. Keep in mind that these picks are suggestions and that the crypto tax software that is best for you will depend on your individual needs. There may be other products on the market not included in our picks.
What is crypto tax software?
Crypto tax software tracks your transactions and calculates capital gains or losses when you sell, trade or give away crypto. Most software organizes transactions for IRS reporting and can auto-fill tax forms, ensuring you pay the correct amount based on US crypto tax rules.
The best crypto tax software can integrate with exchanges and automatically record trades as they happen, and let you manually import data by exporting a CSV file from your exchange.
Is crypto considered currency by the IRS?
For US tax purposes, cryptocurrency, NFTs and other virtual currencies are considered property by the IRS.
When filing your 2025 tax return, there’s a “Yes” or “No” digital asset question:
“At any time during the tax year, did you: (a) receive (as a reward, award or payment for property or services); or (b) sell, exchange, or otherwise dispose of a digital asset (or a financial interest in a digital asset)?”
If you answer “Yes” to that question by owning digital assets or performing digital asset transactions, you have to report them. You use Form 8949 to report your gains and/or losses from cryptocurrency exchanges.
How to choose the best crypto tax software
It’s important to research a range of crypto tax software to compare the pros and cons of each option. The best crypto tax software for you depends on what you’re looking for, so consider the following:
Price. Some platforms like Koinly and ZenLedger offer free basic services for crypto investors who make under 10,000 transactions a year. To get a more comprehensive service, you’ll need to pay an annual fee. Other platforms like CoinLedger don’t have free plans and charge yearly subscriptions depending on your level of transactions.
Data import options. Most crypto tax software lets you integrate your account with a range of crypto platforms and automatically import the relevant tax data. If you’re interested in one that isn’t compatible with your crypto platform, check whether you can manually import CSV data.
Calculators. Working out your tax liability is the bread and butter of good crypto tax software. You’ll want to try to minimize your tax liability and maximize profitability where possible. For example, pooling crypto assets to work out your tax liability. This could reduce your tax liability by offsetting gains and losses for similar crypto assets.
Creating tax documents. Most crypto tax software can help you complete the necessary tax forms at the end of the tax year. In the US, you’ll need to report capital gains or losses on relevant forms, including Form 8949 and Form 1040.
Integration with the IRS. Crypto tax software doesn’t currently integrate directly with the IRS, but the best platforms will help you automatically fill in your tax forms. Investors should watch out because the IRS is becoming more active in chasing up people who may have crypto tax liabilities. They currently ask for information from several crypto platforms including Coinbase, and it is likely that the IRS will ask all the major crypto platforms to share customer information in the future.
Security. Most platforms provide detailed information on their security features, like 256-bit encryption and employee vetting. Check out online customer reviews to see if the crypto tax company you’re considering has a good reputation. You can also search Google to see if a company has had any recent breaches or hacks.
Customer support. Many tax software companies offer 24-hour support and live chat. They also provide online guides and resources to help you understand more about how crypto tax works.
Expert insight
"You need to ensure your software integrates with the crypto exchanges you use and that it can generate tax forms like the 8949, which reports capital gains and losses. You also need to make sure the software can identify cost basis (most of them do) to identify your gains and losses."
Crypto tax software should help you simplify keeping records and submitting tax forms for your crypto investments. Here are some of the advantages of using crypto tax software:
Saves time. Most software automates crypto record-keeping by integrating with your crypto exchange.
Helps with complicated tax rules. Tax rules for cryptoassets are complicated. Crypto tax software can help make sure you’re paying the right tax each year and don’t have any nasty surprises.
Generates tax forms. Most crypto tax software will help you complete your year-end tax forms so you don’t have to employ a specialist accountant.
Protects your profits. Top crypto tax software uses strategies to save you money on your tax bill. For example, you may be able to pool similar crypto assets to offset some of your gains and losses.
Lower risk of being fined. Because US tax rules are complicated, there’s a significant risk of reporting incorrect crypto assets information on your tax return if you don’t use specialist software.
Almost one in five (19.6%) Americans don’t think bitcoin (BTC) is taxed, according to an online survey of 2,040 American Adults conducted in October 2021, which might present a surprising tax season for a number of BTC investors.
Although you won’t be taxed for simply holding, investors can expect to report any sellings, tradings and earnings that have taken place within their portfolio to the IRS within the tax year. Understanding the nitty-gritty details will allow you to have a less taxing tax season.
Genders, generations and taxable bitcoin
Men (24.5%) were almost 10 percentage points more likely to say that bitcoin is not taxed than women (14.6%).
Gen Z (23.8%) is the leading generation that reports believing bitcoin is not taxed. Following gen Z are millennials (23.1%), Gen X (21.2%), silent gen (14.8%) and baby boomers (14.5%).
Crypto-focused tax software might not be best for every type of investor or trader. Beginners may be able to make use of standard tax software, while trained professionals can be helpful for heavy investors.
Certified public accountant. Certified accountants versed in crypto can ease the process of filing taxes, though you may be required to share a file of your crypto transactions first. Look for a good track record of dealing with cryptocurrency investments.
Crypto tax lawyer. Similar to crypto CPAs, you can find tax lawyers that specialize in crypto tax law. A crypto legal professional can advise you on cryptocurrency holdings, take transactional data and reconcile taxes. But they can be expensive.
Standard tax software. Rather than purchase a crypto-focused package, you may be able to use market-leading providers like TurboTax that integrate cryptocurrency features — including one that you already use for your state and federal taxes.
File your own taxes. Individual investors and traders are free to complete their own tax forms. If you have a solid understanding of your crypto tax obligations and are willing to put in the time, this option could save you money. But you face stiff penalties for failing to accurately report your capital gains.
Bottom line
Using crypto tax software can help simplify keeping records of your crypto asset transactions. It will keep secure records of all your crypto transactions by integrating directly with your crypto trading platform.
It will also save you a headache at the end of the tax year when you need to fill in your tax return. That’s because you’ll be able to automatically fill in the required IRS forms. You can also rest easy that you’re complying with all the complicated rules on crypto tax.
FAQs
How do I keep track of crypto taxes?
Use crypto tax software to track all your crypto transactions and produce your tax reports.
It's also good to manually track your crypto transactions so that you can alter the reports the software produces if some of your crypto transactions upload incorrectly.
What is the best way to file crypto taxes?
First, you'll want to learn how to report your crypto taxes.
Once you've done so, you may want to use crypto tax software to help you produce your tax reports, especially if you have over 100 transactions.
Is crypto tax software free?
Most crypto tax software has free features, but many charge a fee if you want to produce tax reports.
For example, Koinly allows you to track up to 10,000 transactions for free, but charges you if you want to generate any tax reports.
Can I do my crypto taxes myself?
Yes. First, learn how to calculate your crypto taxes, then consider using crypto tax software to support your recordkeeping and tax form generation to make sure you stay on the right side of the IRS. If in doubt, consult a tax professional for additional guidance.
Sources
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Kimberly Ellis is a personal finance writer at Finder, specializing in banking and financial literacy. After teaching in public and private schools, Kimberly zeroed in on personal financial education to help families and kids develop lifelong money skills. She hails from New York City, graduating summa cum laude from Queens College with a BA in elementary education and mathematics, as well as a New York State teaching certificate. She’s also an aspiring polyglot, always in a book and forever on the hunt for the perfect classic red lipstick.
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Alexa Serrano Cruz is Deputy Editor at Forbes Advisor and was the lead editor at Finder, specializing in banking. As a personal finance expert, she helps Americans make informed decisions about their finances. Her expertise includes savings, budgeting, kids' banking, and more. Prior to joining Finder, Alexa worked as an editor in Miami and New York.
Alexa is a certified anti-money laundering specialist and her personal finance expertise has earned recognition from reputable publications such as Nasdaq, Best Company, U.S. News & World Report, MSN, Yahoo, and Valuewalk. Alexa has also made notable appearances on platforms such as Winnie Sun TV, money podcasts like LifeBlood, and broadcast news publications like Fox News and NBC News.
Alexa also served as an editor for ACAMS Today, a prominent publication dedicated to anti-financial crime detection and counter-terrorist financing.
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Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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