When searching for the appropriate crypto tax software, its ease of use should be paramount and allow you to import data from all exchanges and wallets as well as calculate capital gains or income from various sources.
Koinly offers all tax reports with its free plan, though only supporting 25 transactions at once. Furthermore, its affordable plans allow traders to increase their trading volume without incurring additional costs.
CoinTracking
CoinTracking stands out from competitors like Koinly by being more reliable and efficient, offering an extensive set of features to monitor cryptocurrency investments such as automatic data import from exchanges and wallets, cost basis calculations, capital gains/losses reporting, tax reports for multiple countries as well as multiple payment options such as credit card, bank transfer, PayPal and SEPA payments – its unified interface also helps eliminate the need for separate portfolios for each cryptocurrency investment.
CoinTracking is compatible with over 140 exchanges, wallets and blockchains and supports CSV and API imports – its free plan provides manual importing whereas upgraded accounts can connect their exchanges through API to receive automatic updates every day – perfect for professional traders! Plus it lets you choose your preferred accounting method! Plus it is SSL certified to guarantee safety and privacy on its servers!
CoinLedger
CoinLedger crypto tax software provides an intuitive, user-friendly platform for tracking cryptocurrency transactions. Users can import their transaction history and it will categorize it for you automatically into different categories – it also generates tax forms to file with. With support for over 65 countries and affordable plans as the number of transactions increase, its user interface makes this an ideal platform for beginners who may experience some errors as they go. Furthermore, its smart error handling system and expert review service make this an excellent solution!
CoinLedger crypto tax software was designed to make tax season easier than ever, enabling users to upload reports directly onto platforms like TurboTax, TaxAct and H&R Block. Tax professionals can also take advantage of its suite for clients requiring assistance filing their taxes; transactions from exchanges and wallets can also be imported – its top tier plan costs $299 annually with unlimited transactions supported; its counterpart Koinly charges less for limited functionality features and transactions imported.
TaxBit
TaxBit stands out as an excellent solution for crypto tax filing with its user-friendly design and extensive feature set, such as support for DeFi transactions by automatically syncing any transfer, trade or approval involving ERC-20 tokens on Ethereum and BEP-20 tokens on Binance Smart Chain (BSC) networks. Furthermore, its extensive list of exchanges and wallets allows you to import your data easily.
TaxBit stands out by its ability to track multiple currencies and assets. The software calculates complex taxes automatically and produces reports, while also offering the ability for users to export tax results – although this feature is only available with its Pro or Plus+ plans.
Austin and Justin Woodward founded this company together, capitalizing on their financial expertise to develop its product. Servers are encrypted in transit and at rest with AES 256-bit encryption to create one of the safest cryptocurrency tax platforms. However, some users have experienced issues such as slow software performance.
