Crypto Tax Software

Crypto Tax Software Overview

Crypto tax software tracks, manages, and calculates the gains and losses related to cryptocurrency transactions for tax purposes. Crypto tax software supports multiple cryptocurrencies, exchanges, wallets, and blockchain protocols, automatically capturing transaction data for tax preparation and filing.

The software intelligently classifies transactions into trades, payments, staking, mining, margin trading, DiFi (lend, borrow), fees, airdrops, and forks. It is able to identify charitable donations and non-taxable transactions such as transfers between exchanges and wallets that you own and buying and holding crypto. It automatically calculates capital gains and fills out IRS Form 8949 – Sales and Other Dispositions of Capital Assets. The software often supports multiple countries and the calculation of international taxes.

The software helps identify taxable events. Crypto tax software is useful for those companies and individuals that have transacted crypto in the following ways. Depending on your tax jurisdiction, crypto-related tax returns are required if you:

  • Exchanged cryptocurrency for a product, service, or a different crypto
  • Used crypto to purchase goods or services
  • Obtained your crypto in mining or staking
  • Traded or sold crypto
  • Were paid a salary in crypto

The software usually includes a tax harvesting dashboard presenting unrealized gains and losses. This tool offers guidance in taking steps to reduce your taxable gains by strategically selling off assets.

Crypto tax software integrates with traditional tax software such as TurboTax, consolidating crypto and fiat currency tax preparation and reporting.

Crypto tax software supports crypto businesses and enterprise-level organizations, accounting firms and CPAs, investors, traders, crypto miners, small businesses, and individuals.

Crypto Tax Products

(1-22 of 22) Sorted by Most Reviews

The list of products below is based purely on reviews (sorted from most to least). There is no paid placement and analyst opinions do not influence their rankings. Here is our Promise to Buyers to ensure information on our site is reliable, useful, and worthy of your trust.

Cryptoworth

Cryptoworth tracks crypto , connects wallets and exchanges and tracks transactions and streamlines bookkeeping operations.

BearTax

BearTax helps Crypto Investors manage their Crypto taxes efficiently and easily.

ACCOINTING.com

Accointing.com is an accounting, tracking and tax optimization tool for Bitcoin and other cryptocurrencies.

NODE40

NODE40 is a financial services provider for individuals and businesses that have interacted with cryptocurrency.

Ledgible Tax

Ledgible Tax Pro is a crypto tax platform designed specifically for professionals.

Zenledger

ZenLedger is an analytics platform that simplifies cryptocurrency taxes to help investors and tax professionals in portfolio management.

Bitwave

Bitwave provides enterprises a drop in solution for handling digital assets. The platform offers complex tax tracking capabilities, automatic mark-to-market capabilities, crypto invoicing, and crypto bill pay. It is a multi-user, multi-sig wallet that helps businesses hold their…

TaxBit

TaxBit is a cryptocurrency tax and accounting software that automates tax calculations and reporting on cryptocurrency transactions. With TaxBit, users can link their exchanges and wallets to pull their transactions through their tax engine and auto-generate tax forms.

TokenTax

TokenTax is a tax tool for cryptocurrency investors.

CryptoTrader.Tax

A tax reporting software for the growing cryptocurrency market. Calculate your capital gains taxes.

BitcoinTaxes

Bitcoin Taxes is a capital gains and income tax calculator for Bitcoin, Ethereum, Ripple and and other digital currencies.

Crypto Tax Calculator

A crypto tax software platform .

Coinpanda

Coinpanda is built to make cryptocurrency tax calculations simple and automated. The platform imports transactions from 450+ exchanges and download tax reports for the US, UK, Canada, Ge

EY Blockchain Analyzer: Tax Calculator

Calculates capital gains/losses associated from trading cryptocurrencies and produces a draft US tax Form 8949.

Navexa

Navexa is a portfolio performance tracking & tax reporting tool that helps individuals optimize their investment journey. The web and mobile-based platform integrates with both stock broker and crypto exchange accounts to provide comprehensive, detailed portfolio performance…

CoinTracker

Coin Tracker is a mobile app that tracks cryptocurrency portfolios.

CoinTracking

CoinTracking is a crypto accounting software platform.

BlockSentry

BlockSentry's TaxToken is a blockchain-as-a-service company that leverages blockchain technology and artificial intelligence to provide financial, accounting and tax solutions to companies and individuals.

Blockpit

Blockpit deals with compliance and digital currencies such as Bitcoin.

Koinly

Koinly is a tax solution for cryptocurrency investors and accountants.

Lukka

Lukka is a technology and data services provider for middle and back-office crypto asset processing. Its crypto-native products connect, standardize, reconcile, process, and report audit-ready information within a highly secure SOC 1 Type 2 enterprise-grade infrastructure.Lukka was…

Divly

Divly is a cryptocurrency tax calculator with a focus on local regulation compliance. Divly is built around local tax authority regulations in multiple countries. Divly supports 100+ cryptocurrency exchanges, wallets, and blockchains; and over 7000 currencies. Divly is built for…

Learn More About Crypto Tax Software

What is Crypto Tax Software?

Crypto tax software tracks, manages, and calculates the gains and losses related to cryptocurrency transactions for tax purposes. Crypto tax software supports multiple cryptocurrencies, exchanges, wallets, and blockchain protocols, automatically capturing transaction data for tax preparation and filing.

The software intelligently classifies transactions into trades, payments, staking, mining, margin trading, DiFi (lend, borrow), fees, airdrops, and forks. It is able to identify charitable donations and non-taxable transactions such as transfers between exchanges and wallets that you own and buying and holding crypto. It automatically calculates capital gains and fills out IRS Form 8949 – Sales and Other Dispositions of Capital Assets. The software often supports multiple countries and the calculation of international taxes.

The software helps identify taxable events. Crypto tax software is useful for those companies and individuals that have transacted crypto in the following ways. Depending on your tax jurisdiction, crypto-related tax returns are required if you:

  • Exchanged cryptocurrency for a product, service, or a different crypto
  • Used crypto to purchase goods or services
  • Obtained your crypto in mining or staking
  • Traded or sold crypto
  • Were paid a salary in crypto

The software usually includes a tax harvesting dashboard presenting unrealized gains and losses. This tool offers guidance in taking steps to reduce your taxable gains by strategically selling off assets.

Crypto tax software integrates with traditional tax software such as TurboTax, consolidating crypto and fiat currency tax preparation and reporting.

Crypto tax software supports crypto businesses and enterprise-level organizations, accounting firms and CPAs, investors, traders, crypto miners, small businesses, and individuals.

Crypto Tax Software Features

Crypto tax software will include many of these features.

  • Support multiple exchanges, wallets, DiFi, and DEX protocols
  • APIs to connect to crypto exchanges, wallets, and blockchains to automatically capture crypto transactions
  • CSV importing
  • Automatically classify crypto transactions
  • Calculate profit and loss, and capital gains
  • Complete IRS Form 8949
  • Dashboards, reporting, consolidated view of transactions, assets, profits, and losses
  • Support multiple accounts
  • Support multiple countries and international taxes
  • Tax harvesting tools
  • Integrations with traditional tax software

Crypto Tax Software Comparison

Consider the following when purchasing crypto tax software.

Dedicated Crypto Tax Software vs Traditional Tax Software: Dedicated crypto tax software offers more features and superior integrations with exchanges and wallets than traditional tax software that has been updated to support crypto taxation. Large-scale or complex crypto transaction activity benefits from dedicated crypto tax software that can be integrated with traditional tax software. For low volume, straightforward crypto involvement, the limited crypto-related features that traditional tax software offers may be sufficient for your needs.

Crypto Accounting Software: Crypto tax software overlaps with crypto accounting software. Crypto accounting software often includes crypto tax software features. Evaluate crypto accounting solutions to see if they may better address your overall crypto-related requirements.

Accounting Methods: Confirm that the software supports your accounting method such as FIFO, LIFO, AVCO, or ACB.

Multiple Account Tracking: Some tax software allows you to track multiple accounts. This is suited for accounting firms and CPAs with multiple customers.

APIs: Using products with APIs that support integrations with a wide range of crypto wallets and exchanges for the automated capture of transaction data will make for more efficient, accurate, and less error-prone tax preparation than using CSV transaction importing.

Bandwidth and Processing Capability: Investigate that your selection can support your expected crypto transaction volumes. Some crypto tax software products do not scale to efficiently process high volumes of transactions in a timely manner.

Pricing Information

Introductory pricing begins under $50 and reaches $2,500 or more per tax year depending on the features, number of transactions, exchanges, wallets, and blockchain protocols it will support. Transaction volume has the greatest impact on pricing. High-volume crypto users will need to obtain a price quote. Free software with limited features and capacity is available. Free trials are also available.

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Frequently Asked Questions

What does crypto tax software do?

Crypto tax software automatically captures and classifies crypto transactions from exchanges, wallets, and blockchains, calculating profit, loss, and capital gains, populating IRS 8949 tax forms. It is used by accounting firms, businesses, crypto traders, investors, miners, and individuals to handle tax preparation and filing for crypto-related tax liabilities.

What are the benefits of using crypto tax software?

Crypto tax software simplifies crypto-related tax preparations by automating the capture and classification of crypto transactions from crypto exchanges, wallets, and decentralized financial blockchains. This software supports regulatory requirements for both domestic and international tax filings and reporting. Tax harvesting tools help reduce taxable gains.

How much does crypto tax software cost?

Basic products start at under $50 and can exceed $2,500 per year. Transaction volume is the main driver for pricing. The type of features and the number of exchanges, wallets, and blockchain protocols supported also impact the cost of the product. Free products with limited capacity and features are available. Free trials are available.