Reviewed by: Jayprakash Prajapati | Last updated on November, 30, 2024
Best Crypto Tax Software for Small Investors. You are living in cryptocurrency. So you have come to the right blog. If you are looking for the best crypto tax software. And in addition, you have made sure that you want to comply with the law.
The truth is that if we take our business seriously, then you become equally important to choose the right crypto tax software. Because at the end of the year, you can monitor the profit and loss in the tax report.
So that we can succeed in meeting our goals. This is the revival of the 7 best crypto tax software in my guide. In which characteristics, for whom the best and pricing is mentioned. And all this includes everything on the list.
In fact, the number of investors in cryptocurrency is increasing every day. In our current world population of 7.9 billion people, 106 million of them now use cryptocurrency. That is, 1.34 % of people all over the world are investing in cryptocurrency.
This is true, if you talk about the business you do with Crypto Tax exchanges. So it can Range be a smile to do a process. Straight thing if you are a cryptocurrency investor. So at the end of the year, many transactions must have been done during that time, it is very smiling to calculate it.
Therefore, you must use Crypto Tax Software, there will be no essential to calculate at the end of the year, and you can get a boost in cryptocurrency.
Let’s start.
What Are The Best Crypto Tax Software for Small Investors?
Here are my top picks when choosing the Best Crypto Tax Software for Small Investors to use this year.
1. Cryptotrader.Tax.
With Cryptotrader.Tax flexibility is one of the best when you import Crypto Tax reports. Plus the NFT Tax software is designed to save you time and maximize your refund. And you can easily track it using your trading history and through this software to calculate your real and unrealized profits.
Allows you to share reports with different versions with the help of this software. which is given below.
- TurboTax Desktop
- TurboTax Online.
- Tax act – this simply means that you have your trading historical provide more than one series to import.
Best for:
Cryptotrader.Tax can be a great option for those people. Free portfolio tracking, official TurboTax partner, and those who want the ease of importing. What it’s looking for.
Key Features:
- This software allows you to import historical transactions with CoinLedger directly integrated with your preferred platform.
- It doesn’t matter whether you are trading, earning interest, doing NFT purchases, or importing into any transaction. You can easily import with the help of this software.
- To file your own, you can download your completed tax forms to your accountant and you can import your preferred filings. Plus you can be imported directly into TurboTax Desktop, TurboTax Online, TaxAct, and many other tax platforms!
- It comes with a free trial of 14 days.
Pricing:
The Cryptotrader.tax plan comes with a start of 14-days of free shipping. Apart from this, the following is the paid plan.
- Hobbyist: $49 (100 Transactions)
- Day Trader: $99 (1,500 Transactions)
- High Volume: $199 (5,000 Transactions)
- Unlimited: $299 (Unlimited Transactions)
In conclusion, if you really want to use Cryptotrader.Tax software. So you can test them for free for 14 days. Even though later you can go to the paid plan according to your need.
2. Koinly.
Koinly With this simple and reliable Crypto Tax software, you can import your tax reports in less time than you would in just 20 minutes. In addition, it offers integration with hundreds of popular exchanges. Which makes it one of the most comprehensive solutions that are straightforward and simple to use.
Best for:
This is the right choice for those people. Who is looking for a simple and straightforward comprehensive solution free of cost? Those logos are one of the best choices.
No matter what kind of data you want to import, whether you want to import altcoin, BTC, ETH, or Tezos among others, you can automatically import the data in a simple way with the help of software.
Key Features:
- With the help of this software, you can add your Exchange accounts through API or CSV files. And connect your blockchain wallet using the public address.
- No matter what kind of tax you are dealing with, whether you are betting on Kraken, DeFi, margin trade and futures, lending on Nexo, or going long on BitMEX, Koinly everything can handle.
- If you match Smart Transfer. Koinly can use AI to track transfers between your own wallets and track your original cost. Which you have full permission.
Pricing:
Koinly price starts from free. Where it allows you to signup without any credit card information.
3. TaxBit.
TaxBit It is the most trusted platform for enterprises. And it works to unify digital assets tax and accounting between consumers and the government. Also, it is one of the markets for crypto tax software solutions. And it comes with a straightforward and easy-to-use interface. Which makes it easy to use. And this software has been designed in collaboration with CPAs and tax lawyers.
Best for:
This Crypto Tax Software is well known in the industry. In addition, it is an easy-to-navigate platform of tools with more than 500 exchanges, DeFi protocols, wallets, NFT marketplaces, and exploring to collect data for free. This is one of the great options for those people.
It comes with independent SOC2 certification to protect your data when it comes to creating tax form filings. Then it’s a zero-error game. Who issues this 1099?
It really supports your spending time with tax form automation, intelligence, and compliance for all your users who can feel it scales with your business.
Key Features:
- This tool is able to work in industries with the most and fastest. This simply means that it is capable of importing your transaction data the best of any other software.
- No matter whether you need bookkeeping, GAAP, or IFRS reporting, it provides a technology-first approach to accounting for your digital assets.
- With these tools, you can feel your digital assets in a very smart way. With this spending, device can actually synthesize billions of data points to make better decisions about the services that use this software.
- It comes with a team backed by CPAs, tax lawyers, and tax experts to help and manage your digital assets. Plus it comes with the security of your digital assets, strategy, and tailored expertise.
Pricing:
TaxBit’s plan starts with free shipping. Apart from this, the beginning of the Sasulk scheme is as follows.
- Basic: $50 per year (for 250 transactions)
- Plus: $175 per year (for 2500 transactions)
- Pro: $5000 per year (for 25000 transactions)
4. ZenLedger.
ZenLedger This software makes any complex process very easy. In addition, when dealing with thousands of transactions, doing crypto calculations becomes very helpful. In fact, we cannot take taxes lightly. If we don’t take it seriously. There could be a huge loss. This software by Kulamila Julkar is able to help you completely.
Best for:
This software can be the best option for those people who worry about their taxes day and night. This software makes your complex process easy.
If you once acquired crypto assets for mining or profit. So it automatically qualifies as a capital gain. And according to the IRS, crypto assets are treated as assets.
You can become an official TurboTax partner with Zenledger. Plus, you can quickly upload transactions to TurboTax with Zenledger’s crypto tax tool.
Key Features:
- This software is completely secure, it keeps your data completely secure. Because it uses technology at an advanced level.
- With the help of this software, you can track your trades, see profit and loss, and more easily pay more on your crypto than ever.
- It is very easy to operate for new users. Along with this, it provides accurate information. Which we fully appreciate.
- This tools crypto tax fully supports over 400 exchanges, including over 100 DeFi protocols and over 10 NFT platforms. With it more than its competitors, wallets, blockchains, fiat coins, exchanges currencies and supports DeFi and NFT protocols, allowing it to integrate more new tools.
- This customer provides 24 X 7 support. (Able to assist by email, chat, or phone.
Pricing:
The ZenLedger plan comes with a free start-up plan. This is limited to 25 transactions, apart from this, if we talk about the paid plan, then it is as follows.
- Starter: $49 per year (If choosing multiple years. Offers a 20% discount.)
- Premium: $149 per year (If choosing multiple years. Offers a 20% discount.)
- Executive: $399 per year (If choosing multiple years. Offers 20% discount.)
- Platinum: $999 per year (If choosing multiple years. Offers a 20% discount.)
5. TokenTax.
Tokentax Creating cryptocurrency with this software is quick and very easy to operate, in addition, you can make tax returns within about 30 minutes with the help of these tools, which it is completely capable of. Irrespective of which exchange you are trading NFTs, this technical support representative is very helpful in making it smooth.
Best for:
Tokentax This is a great option for everyone, which I fully recommend, talking about the most features, the best customer support which gives a quick solution in no time.
With tools like your crypto tax loss harvesting dashboard you can automatically generate, and do with tax forms and reports, you’ll be ready, saving you time, and more strategy.
Key Features:
- TokenTax provides you with everything you need to do a proper filing, no matter what business you do, and where and where you are located.
- This tool provides a sync option automatically. So that you can easily analyze all your wallets and accounts in one place on your desktop. And reduces your manual work.
- You can easily track and preview your tax liability so that you are never caught unprepared. And includes everything in their tax reports.
- This tool lets you have the software automatically generate each tax form you need to complete your filing – whether you file with them or another provider, such as TurboTax.
Pricing:
Beginner’s TokenTax plan comes with free signup. Apart from this, the following pricing has been done at the beginning of the Sasulk scheme.
- Origin: $65 for each tax year.
- Premium: $199 for each tax year.
- Pro: $799 for each tax year.
- VIP: $3499 for each tax year.
6. Accointing.
Accointing serves everything from Bitcoin to DeFi, and NFT here, all at once. Apart from this, you can easily track your taxes, so that you can weigh the ups and downs in your business. And the tools are very easy to use. You can combine this with over 300 new tools to help you automatically calculate your profit and loss.
Best for:
For those looking for straightforward and easy-to-use software that allows them to keep track of their portfolio and make Crypto Tax self-deposit, this could be the perfect option.
It is absolutely true that, based on generally accepted crypto tax principles around the world, it takes a minimum of 5 clicks to receive the HIFO, FIFO, and LIFO crypto tax reports.
Key Features:
- With the help of these tools, you can easily review your overall crypto tax market performance. Easily share personalized and curated tokens on Twitter by sharing the process like trading tokens, alert sets, and more.
- To see the improvement and benefit, you should self-check your related documents.
- You can track all your transactions with simple as well as high-quality charts for an excellent analysis experience.
- It makes it easy to apply generally accepted crypto Tax principles to your tax reporting. It doesn’t matter whether the file is on the personal or professional side. Because it leads to the most accurate and comprehensive bitcoins and crypto taxes available anywhere in the market.
Pricing:
Accointing plan starts free of cost. Which is limited to 25 transactions. Plus there is ready billing for paid plans starting from $79 to $299 per year.
Lastly, if you want to taste these tools, you can try them with limited 25 transactions. Without entering any credit card information.
7. Cointracker.
Cointracker This is a simple Crypto Tax software that can sync and generate ITR forms in one click, besides this software is being used by more than 1 million people. And you can see your market value, investment performance, and your portfolio allocation for tax purposes and in real-time. And you support over 300 exchanges and over 10,000 cryptocurrencies for your plans with this Crypto Tax software.
Best for:
This software is very easy to run and is one of the most reliable tools. And it is one of the best tools for the seeker. Which can be a great option.
With these tools, you will get an up-to-date feel as to what your market is worth, and investment performance, and watch live in the portfolio.
This software has the ability to see all the services always with the latest data. And you can get more updates by changing their template.
Key Features:
- With the CoinTracker tool that helps you fully comply with your cryptocurrency tax regulations, you can download and file your taxes in minutes with TurboTax or your own account.
- CoinTracker Mobile Apps. Very simply designed empowers you to monitor prices on your portfolio and crypto.
- With the help of this tool, you can mix all your trades in more than one tax lot based on your tax code. And you can save unnecessary time by tracking each transaction separately.
- It automatically optimizes cost-basis accounting methods with the help of tools, while simultaneously enabling you to tax-loss harvest portfolios to save thousands per year.
Pricing:
The CoinTracker plan starts with a free one, which limits it to 25 transactions. Apart from this, the beginning of the Sasulk scheme is as follows.
- Hobbyist: $53
- Premium: $179
Lastly, it offers personalized pricing based on your specific needs. And apart from this, it gives 30-day money-back guarantee.
Crypto Tax Software – FAQs
Crypto tax software is a specialized tool designed to help cryptocurrency users and traders calculate and report their cryptocurrency-related tax obligations. Its primary purpose is to simplify the complex process of cryptocurrency tax reporting.
Cryptocurrency transactions are subject to taxation because they can result in capital gains, losses, and income. Tax authorities in many countries require individuals to report these transactions for tax assessment.
Crypto tax software can manage various types of transactions, including buying, selling, trading, mining, staking, receiving cryptocurrency as income, and transferring between wallets or exchanges.
Crypto tax software uses algorithms and tax regulations to calculate tax liabilities based on the user’s transaction history. It considers factors such as gains, losses, holding periods, and tax rates.
Crypto tax software is designed for both individual cryptocurrency users and businesses involved in cryptocurrency transactions. It caters to a wide range of users.
Yes, most crypto tax software solutions support transactions across various cryptocurrency exchanges and wallets. They can consolidate data from multiple sources for accurate reporting.
Crypto tax software can generate tax-related documents such as tax reports, capital gains reports, income reports, and tax forms required for filing with tax authorities.
Some crypto tax software may consider tax deductions and credits, depending on the tax regulations in the user’s jurisdiction. Users should review the software’s features to ensure compliance.
Some crypto tax software offers tax planning features that help users make informed decisions to optimize their tax liabilities. It may provide insights on tax-efficient strategies.
Crypto tax software typically supports various tax jurisdictions and is updated to reflect changes in tax regulations. Users can select their region or jurisdiction for accurate reporting.
Security measures often include data encryption, secure data storage, two-factor authentication (2FA), and compliance with data protection regulations.
Yes, users can typically use crypto tax software to review and amend previous tax years, ensuring accurate reporting and compliance with tax regulations.
Some crypto tax software providers offer mobile apps and cloud-based versions, providing users with accessibility and flexibility to manage their cryptocurrency taxes.
Crypto tax software usually allows users to import transaction data by connecting to cryptocurrency exchanges and wallets through APIs or by manually importing CSV files.
Keeping accurate records of cryptocurrency transactions is crucial for tax reporting. It helps ensure compliance with tax regulations, minimizes errors, and facilitates efficient tax calculations.
Conclusion.
I hope this article has helped you in choosing the best Crypto Tax Software.
If you are looking for simple crypto software? So we can go with Cryptotrader. Tax, Koinly, and TaxBit are included in our list.
Going with crypto software means you can take your business to your goal. Because it saves your time and loss, instead it gives hesitation to make a new strategy.
Frankly speaking, if you take your business seriously, you should definitely use Crypto Tax Software.
Do you need to tell me which device you have on our list is suitable for your best?
If you have any kind of question then you can comment to us in the below comment box. So that we are happy to be back.
Further reading on IBusinessMotivation.com: Interested in Cryptocurrency Trading a personal touch to your Investment posts?
Best Cryptocurrency Trading for Android Apps. Coinbase is widely recognized as the premier platform for cryptocurrency trading thanks to its intuitive interface.
The Best Crypto Portfolio Trackers For Most People Is Coin Market Manager, Koinly, Or Crypto.com.
