CoinLedger — The #1 Free Crypto Tax Software (2024)

FAQs

Is CoinLedger good for taxes? ›

CoinLedger is the best crypto tax software for DeFi. Just enter your wallet address and the platform will directly pull your transactions from blockchains like Ethereum, Avalanche, Solana, and more! What is the best crypto tax platform for Coinbase?

CoinLedger Pricing & Fees

The pricing plans are as follows: Hobbyist: $49/year, supports up to 100 transactions. Day Trader: $99/year, supports up to 1,500 transactions. High Volume: $159/year, supports up to 5,000 transactions.

Both Koinly and CoinLedger cover top-tier platforms like Coinbase and Binance. But with 800 crypto platforms, Koinly brings more to the table with an extra 168 integrations, plus more wallet integrations.

The best crypto tax software makes it easy to file crypto-related tax returns. Because it acts as a complete tax solution, TurboTax Premium is the best crypto tax software. It's full-featured and relatively easy to use, plus it has good customer support.

CoinLedger was able to go through my hundreds of Crypto and NFT transactions and help me pinpoint what needed adjusting for tax filing. Before CoinLedger, I was scared to even look at my capital gains, post CoinLedger, I'm excited. Highly recommend! With CoinLedger, you can calculate your crypto taxes in 3 easy steps.

Yes. In the United States, your transactions on Ledger and other platforms are subject to income and capital gains tax.

You can use CoinLedger completely for free to import all of your crypto transaction history, view your net capital gains and losses, and track your portfolio. Payment is only required when you want to download and view your full tax report.

Customer Reviews

CoinLedger: Currently rated 4.8 stars on Trustpilot. Koinly: Currently rated 4.8 stars. CoinTracker: Currently rated 3.1 stars. Currently, CoinLedger and Koinly have the highest ratings on Trustpilot.

CoinLedger is designed to be easy-to-use — even if you're not a tech or finance export. You'll be able to import transactions from exchanges like Coinbase and blockchains like Ethereum in minutes!

Import your gains and losses with a click: Once you've imported your crypto transaction history and generated your crypto tax reports within CoinLedger, you'll be able to import them directly into TurboTax and other tax platforms with the click of a button!

What is the best crypto reporting? ›

Koinly lets you view up to 10,000 transactions for free across DeFi, margin trading, and futures.

Crypto as investment income

To include this type of digital currency on your taxes, enter your crypto investment information in the Income section under Stock or Investments Sold. If you didn't receive a Form 1099-B, enter the information from the exchange or broker that you used for the crypto transaction.

Summary: Report all your disposals of cryptocurrency — short-term and long-term — on Form 8949. If you dispose of cryptocurrency during the tax year, you'll need to fill out IRS Form 8949. The form is used to report the sales and disposals of capital assets — including stocks, bonds, and cryptocurrencies.

Report crypto disposals, capital gains and losses on: Form Schedule D (1040) and Form 8949. Report crypto income on: Form Schedule 1 (1040) or Form Schedule C (1040). You can do this with paper forms or through a tax app like TurboTax or TaxAct.