Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
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.
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 – you can read our full methodology here 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.
Koinly is best for traders looking to streamline their crypto tax reporting. By syncing and importing your data into Koinly, you can see how much you've invested in crypto, get a summary of your crypto income and view your realized and unrealized capital gains.
Pros
Specialized tax reports. Like most crypto tax software, Koinly can fill in your IRS Form 8949. But unlike Accointing and Taxbit, Koinly also includes Schedule D in your tax report.
Supports crypto payments. Unlike competitors, Koinly accepts both crypto (BTC, ETH, BNB or BUSD) and credit or debit card payments.
Extensive cryptocurrency support. Track transactions on a combination of over 800 blockchains, wallets and exchanges.
Share access. Form your own tax team by inviting your accountant, CPA or tax agent to access your Koinly account.
Cons
No free option. While Koinly offers a free plan you can use to track up to 10,000 transactions, you'll need a paid plan if you want to generate any tax reports.
CoinLedger, formerly CryptoTrader.Tax, has been helping cryptocurrency traders with their transaction reporting since 2018. Its tax software is designed to allow you to track all your cryptocurrency transactions for the financial year in minutes, then generate reports detailing gains, losses and income from NFTs, staking and mining.
Pros
Unlimited plan available. If you're a frequent trader, CoinLedger's top plan supports an unlimited number of transactions.
Free tax preview. You can generate and view a free preview tax report and then pay when you need to download your tax forms.
Multiple reports. CoinLedger allows you to generate a short- and long-term gains report, a cryptocurrency income report, and a tax loss harvesting report to help you minimize your tax obligations.
Tax Professional suite. CoinLedger's Tax Professional suite provides easy access for accountants and tax agents and allows them to walk their customers through the process of importing transactions.
Cons
No Schedule D or other tax forms. While CoinLedger generates Form 8949, you must input your own data onto the other relevant tax forms, including Schedule D.
No crypto payment. While you can pay with a credit card, you can't use cryptocurrency as payment - something that its competitors Koinly and TokenTax offer.
Coinpanda lets you generate crypto tax reports in less than 20 minutes. It offers tax reporting services to customers in over 65 countries, and has integrations with over 500 exchanges, 115 wallets and 242 blockchains.
Pros
Supports 500+ exchanges. Coinpanda has direct integrations with over 500 exchanges and 115 wallets, making it easy to import your transaction data.
Quick and easy to use. Many customers praise Coinpanda for how easy it is to use. The platform's user-friendly interface is intuitive and simple to navigate.
All your tax needs. Coinpanda not only lets you generate capital gains and cryptocurrency income reports, it also lets you calculate profits and losses on futures and margin trades as well as DeFi transactions.
Professional suite. Coinpanda also offers a software suite so that CPAs and tax professionals can generate tax reports for their clients.
Cons
No mobile app. While Coinpada has a comprehensive portfolio tracker, it doesn't have an app like Accointing.
No crypto payments. Although all major credit cards are accepted, using cryptocurrency to pay for Coinpanda is out of the question. If you want to pay with cryptocurrency, consider another crypto tax software like Koinly or TokenTax.
Expensive for frequent traders. Coinpanda offers competitive pricing on its Trader and Pro plans. But for $189, you can generate reports for 3,000+ transactions.
4. CryptoTaxCalculator: Best for crypto tax professionals
Crypto Tax Calculator
CryptoTaxCalculator offers crypto tax software designed to meet IRS guidelines. It supports hundreds of major US and international exchanges, and also offers a professional software suite for accountants and bookkeepers.
Pros
Supports an unlimited number of transactions. CryptoTaxCalculator's Trader plan allows you to track and report an unlimited number of transactions.
Supports 2934 integrations. This crypto tax software offers integrations with 2934 exchanges, wallets and protocols, ensuring quick and easy importing of all your transactions.
Region-specific formatting. CryptoTaxCalculator offers region-specific report formatting for the US, making it easy to ensure that you follow IRS rules.
High TrustPilot score. CryptoTaxCalculator has an average score of 4.8/5 on TrustPilot.
Cons
No free plan. While you can try CryptoTaxCalculator for free, you'll have to pay if you want to generate a tax report.
Cumulative transaction limit. Be aware that while a CryptoTaxCalculator subscription gives you access to all financial years, the transaction limit on your plan will also include transactions from previous financial years.
CoinTracking offers cryptocurrency portfolio tracking and tax reporting services for customers in over 100 countries. It offers automatic transaction imports from over 300 exchanges via APIs (not available on a free plan), and provides users with 25 customizable cryptocurrency reports.
Pros
Free report for up to 100 transactions. You can generate tax and capital gains reports on up to 100 transactions when you sign up for a free plan.
Wide range of reports. You can use CoinTracking to generate 25 customizable reports including profit/loss, realized and unrealized gains, and many more.
Support. CoinTracking offers a huge online database of frequently asked questions to help new users understand how to use the platform. How-to videos are also available, or you can create a support ticket to get the assistance you need.
Cons
No automatic imports on free plan. If you want to automatically import transactions, you'll need to upgrade to a paid plan.
Complicated interface. If you're new to the world of crypto tax tracking and reporting, you may find the CoinTracking interface a little confusing at first.
TokenTax is a full-service crypto tax software that takes the lead in customer service. Although it only supports about 120 exchanges and wallets through API and CSV uploads, you can manually add your trades no matter the exchange.
Pros
Supports all exchanges. Although TokenTax only has about 120 integrations, you can provide a CSV from any unsupported exchange and its team will make sure that your trades are included in your transaction history
Tax-loss harvesting. For Premium plans and up, get tips on how to reduce your tax liabilities.
Supports DeFi and NFT protocols. The Premium and Pro plans have integrations for specific DeFi protocols and NFT marketplaces. And its VIP plan covers everything.
Cons
Expensive. While its Premium plan cost is in line with other crypto tax software, TokenTax doesn't offer a free plan. Its most affordable plan for $65 is limited to Coinbase users. Its VIP plan for $2,999 - the highest price tag we've seen so far - only covers 30,000 centralized exchange transactions, which pales in comparison to competitors like ZenLedger and Taxbit who offer unlimited transactions.
No refunds. Since TokenTax will do whatever it takes to get your crypto tax data right, it doesn't offer refunds.
Only includes Form 8949. You must fill out any other required tax documents, such as Schedule D, on your own.
Accointing is handy crypto tax software that helps you organize your crypto portfolio and generates the necessary forms when it comes time to file your taxes. It supports 100+ integrations. All of its plans come with valuable features that include a tax-loss harvesting tool. But its free plan covers only 25 transactions a year on your tax report.
Pros
30-day money-back guarantee. Get a full refund within 30 days if you meet certain conditions, including results that don't comply with your country's tax authorities.
Personalized tax report. Accointing provides Form 8949 and your full tax report for filing your return.
Multiple import and export options. Add your data by API keys, CSV files or manual import. Or download your tax information as a PDF, CSV and XLSX files so you can file your taxes yourself, through other tax software or with an accountant or CPA.
Tax optimization tool. The free Trading Tax Optimizer tells you how to execute your trades to help you meet your tax goals, including harvesting your losses.
Cons
No Schedule D or other IRS forms. Accointing generates Form 8949, but you must enter your own data onto your Schedule D to calculate your overall gains or losses. And you're on your own if your tax situation requires Schedules 1, B or C.
Email support only. While Accointing says it's adding additional help through live chat, support is available through email only, which customers complain online is slow for a response.
Competitors offer more API integrations. Many exchange and wallet integrations must be done with a history file or with manually support, not via API.
Federal starting price
$49
Free options available?
Yes
Live chat?
No
Federal starting price
$49
Free options available?
Yes
8. ZenLedger: Best for extra accounting features
ZenLedger
ZenLedger is a crypto tax software that provides a detailed tax report for your crypto activities, including generating your personalized Form 8949, Schedule 1 and Schedule D. It comes with a generous 1-year refund policy and two of its plans support NFTs. But you can't use crypto to pay.
Pros
NFT support. ZenLedger is one of the few crypto tax software programs that let you track your NFTs.
Tax-loss harvesting. ZenLedger's tax tool automatically analyzes your trade history and offers suggestions on how to minimize your tax liabilities.
Extensive customer support. ZenLedger's customer service is available by chat, email or phone seven days a week, including evenings.
Unified spreadsheet. Combine your entire transaction history from all of your wallets and exchanges into one single spreadsheet.
TurboTax integration. As the official TurboTax partner, ZenLedger has an integration that lets you seamlessly upload transactions from ZenLedger's tax tool directly to TurboTax.
Collaborate with your tax professional. Send an email inviting your tax pro to view your ZenLedger crypto tax reports.
1-year refund policy. If you aren't satisfied with ZenLedger, you can request a refund within one year. If you've already downloaded your tax forms, ZenLedger may refuse your refund altogether or only issue a partial refund.
Cons
No mobile app. ZenLedger doesn't offer an app, so you can't keep tabs on your portfolio from your phone. Although not all crypto tax software have a mobile app, competitors Koinly, CoinLedger and Accounting do.
Doesn't accept crypto for payment. Unlike other crypto tax software like Koinly and TokenTax that accept crypto as a payment method, you must use a credit or debit card to upgrade to another ZenLedger plan.
Pricey if you have thousands of transactions. For $399.99 you can receive a tax report featuring up to 15,000 transactions and for $999.99, ZenLedger will produce a tax report for you featuring an unlimited amount of transactions and provide you with two hours of support from a live agent.
Federal starting price
$0
Free options available?
Yes
Live chat?
Yes
Federal starting price
$0
Free options available?
Yes
9. BitcoinTaxes: Best for up to 100,000 transactions
BitcoinTaxes
BitcoinTaxes — also known as Bitcoin.Tax — is a cost-effective crypto tax software that generates your Form 8949 and Schedule D. While its platform may look a bit dated and doesn't come with fancy features like tax-loss harvesting tools or a comprehensive crypto portfolio dashboard, it's one of the best deals you'll find up to 100,000 transactions.
Pros
Competitive pricing. BitcoinTaxes' Individual plans are lower than most of its competitors when comparing cost per transaction. BitcoinTaxes will produce a report with 20 transactions for you for free, and you only pay $149 for 50,000 transactions, $284 for 250,000 transactions or $569 for 1,000,000 transactions.
Offers tax professional services. You can also contact the platform to employ the help of a licensed tax professional to help you prepare your crypto taxes.
Cons
No tax-loss harvesting. As a no-frills crypto tracker, BitcoinTaxes doesn't offer special features like tax-saving tools to suggest sales that can help offset your capital gains and lower your tax bill.
Data import support costs extra. Unlike competitors whose customer support team is available to help process your trades, BitcoinTaxes charges $100 an hour to format CSVs and import data.
Federal starting price
$0
Free options available?
Yes
Live chat?
No
Federal starting price
$0
Free options available?
Yes
10. TaxBit: Best for free services
Taxbit
As of January 2023, Taxbit made its service free. You can use Taxbit to process reports for your crypto taxes without having to pay for a plan.
Pros
Exceptional value. Taxbit doesn't charge a fee and it helps you to process tax forms for unlimited transactions. It also integrates with most major exchanges.
Good for individuals and institutions. Taxbit offers its free services to both individuals and institutions.
Comprehensive tax calculations. TaxBit's Tax Optimizer, which is available on Plus and Pro plans, lets you preview a trade's tax impact before you make it and recommends trades that can lower your tax bill.
Cons
Only generates Form 8949. TaxBit's tax report only includes Form 8949 and leaves the other IRS tax documents, such as Schedule D, for you to fill out.
No mobile app. While TaxBit has a portfolio tracker with real-time visibility into your crypto assets on its web app, it doesn't have a mobile app like some of its competitors.
Federal starting price
$0
Free options available?
Yes
Live chat?
Yes
Federal starting price
$0
Free options available?
Yes
What is crypto tax software?
Crypto tax software helps you keep a record of crypto transactions and calculates the capital gain or loss when your crypto assets are sold, exchanged, given away or traded.
The best crypto software integrates with the exchange you use to manage your cryptocurrency. It automatically grabs and records details of your transactions when you execute an exchange or trade.
Most crypto tax software gives you the option to manually import your data. You can export your transactional data from your crypto exchange platform as a CSV file. This file can then be imported into your chosen crypto tax software.
Most crypto software programs also keep track of your transactions in a way that’s suitable for IRS forms and US tax reporting. They can automatically fill in your tax forms at the end of the tax year, making sure you pay the correct tax that’s due, in line with US crypto tax rules.
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. It could be worth it to save you a massive headache at the end of a tax year.
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 that 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.
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.
Compare crypto tax software
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20% of Americans don’t think Bitcoin is taxed
Almost one in five (19.6%) Americans don’t think Bitcoin 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%) are the leading generation that report 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.
Methodology
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. We compared crypto tax software plan prices and what you get for the money you pay. Not only did we search for the most affordable plans for different types of cryptocurrency investors and traders, we also searched for those plans that offer the best value for money.
Number of supported exchanges. We considered the number of exchange, wallet, blockchain and coin tracking service integrations each provider offers. This allows for easy importing of all your cryptocurrency transaction data using API keys or CSV files.
Ease of use. Next, we compared crypto tax software to find out how easy it is to use. From signing up to importing transaction data and generating tax reports, we looked for programs that simplify the process from start to finish.
Included tax forms and reports. All crypto tax software generates IRS Form 8949 to report your capital gains and losses from your crypto investments. But depending on your crypto activities, you may need additional tax forms, such as Schedule C and Schedule 1.
Accountant access. Once you’ve generated your tax report, we inspected how easy it is to give your accountant access to your tax report and export your data to popular tax filing software.
Customer service. Finally, we also considered how you can get in touch with a software provider’s customer support team, what previous users have to say about the level of customer support, and whether they also offer online help resources.
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 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.
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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