Cryptocurrency transactions can generate complex capital gains and losses, so it’s important for crypto investors and traders to accurately track their transactions to ensure tax compliance. The right software can streamline the process, automating data collection from various exchanges and wallets and ensuring accurate calculations. The best tax software for crypto investors and traders in 2025 will prevent costly errors and IRS penalties.
What Makes a Good Tax Software for Crypto Investors and Traders in 2025?
To ensure a smooth and compliant tax season in 2025, crypto investors and traders should prioritize software that simplifies complex transactions, maximizes potential rewards, safeguards against errors and provides essential protections.
CoinLedger
Known for its strong support for decentralized finance (DeFi) and its ability to handle complex transactions, CoinLedger offers integrations with numerous exchanges and blockchains.
If you’re filing your tax return yourself, just import your crypto transactions from your wallets and exchanges. CoinLedger integrates directly with your favorite platforms to make importing transactions easy.
Then, you can watch the platform calculate your gains and losses for all transactions – trading, staking and non-fungible tokens (NFTs).
After reviewing your transaction history, you can download your tax report with one click. You can file the form yourself, send it to your accountant or import it into your preferred filing software.
If you don’t want to complete your tax return, CoinLedger offers a Done For You service where experts will import and classify your data, and you receive the final report. At $300 per hour, it’s not cheap – the average client’s return takes between three and eight hours to complete.
Why We Picked It: CoinLedger partners with many tax platforms, including TurboTax, to make reporting your crypto gains and losses easy.
ZenLedger
ZenLedger offers comprehensive tax reporting and portfolio tracking features and supports a wide range of exchanges, wallets and DeFi protocols.
You can calculate your DeFi, NFT and crypto taxes and generate free crypto tax reports. ZenLedger’s crypto tax app lets you easily file your state and federal taxes.
First, you’ll import your exchanges. The software automatically calculates cost basis, fair market value and gains and losses for your transactions. After reviewing your reports to ensure accuracy, you can generate your tax report and file your return.
ZenLedger offers a range of plans. Its do-it-yourself plans range from $49 for 100 transactions or less to $399 for up to 15,000 transactions. For another $600, you can calculate unlimited transactions and get one hour of live support.
ZenLedger also offers professional consultation, ranging from $275 for 60 minutes to $5,200 if you have more than one year of returns that must be filed or amended.
Why We Picked It: ZenLedger’s End-of-Year Valuation Report provides a detailed summary of your transactions, allowing you to assess your tax liability and get an overview of your holdings across multiple exchanges, wallets and self-transfers in one spreadsheet.
CoinTracker
CoinTracker offers a comprehensive solution for managing cryptocurrency portfolios, investments and tax obligations. It helps you track crypto investments across all your exchanges and wallets on one platform.
CoinTracker integrates with your cryptocurrency accounts to automatically synchronize your transactions and provide real-time insights into your portfolio performance, asset allocation and transaction history.
CoinTracker automatically generates the tax forms you must file with TurboTax, H&R Block or your tax professional.
CoinTracker supports over 500 exchanges, wallets and blockchains, 50,000 smart contracts and 600 decentralized applications (dapps), so you can track all your crypto activity in one place.
With real-time calculations of unrealized and realized gains and losses, you’ll always know how the markets affect your crypto holdings.
CoinTracker offers plans based on the number of transactions you have each year. For the best value, try CoinTracker’s Prime version, which covers up to 1,000 transactions for $199 per year.
Why We Picked It: CoinTracker keeps your data safe with read-only access to your wallets, end-to-end encryption and token-based two-factor authentication.
Koinly
If you’ve traded on many exchanges and are involved in DeFi and staking but don’t have a record of anything, Koinly is the tax software for you.
With Koinly, you can import your Bitcoin, Ethereum, Solana and other transactions directly from the blockchains. It supports more than 800 exchanges and wallets and automatically tracks transfers between your wallets so you’ll always know your original cost basis.
Whether using tax software such as TurboTax or working with an accountant, Koinly can generate the right crypto tax reports for you.
Koinly syncs your transactions from Coinbase, Kraken and many other exchanges or blockchains you’ve traded on. It finds the market price during your trades, matches transfers between your wallets and calculates your capital gains.
Why We Picked It: You can quickly calculate federal and state taxes on crypto gains to estimate your tax bill with Koinly’s free crypto tax calculator. The tool uses the information you’ve provided to identify your state and federal tax rate and the tax bracket you fall into based on your filing status and location.
TurboTax
The TurboTax Investor Center provides year-round, free crypto tax forms and portfolio insights to help you understand how your crypto transactions impact your taxes.
You can also track all your other investments, which will help you make smarter financial decisions and achieve your goals.
TurboTax Investor Center is not a tax preparation service. Instead, it helps you track how your crypto investment decisions impact your tax outcome throughout the year.
You can easily import digital asset exchanges and wallets, including NFTs, to calculate capital gains and losses automatically. The software will help you find missing cost basis values to accurately report your capital gains and losses.
When it’s time to file your tax return, you can import your data to TurboTax. You can choose TurboTax Premium for $89 or TurboTax Live Assisted Premium for $169. You can add state tax return preparation for an additional fee.
Why We Picked It: You can connect with a specialized crypto tax expert as often as needed for help with your investment and crypto taxes with the Live Assisted Premium or Live Full Service plans.
TokenTax
You can synchronize all your crypto wallets and accounts with TokenTax’s software, minimizing the need for manual data entry and allowing you to see and analyze your data in one place.
The software automatically generates all the tax forms you need to complete your tax return, whether you file with TokenTax or another provider.
If your situation is more complicated, TokenTax has crypto-savvy tax professionals who can provide advanced reconciliation services. They can handle missing cost basis or messy data situations, high transaction volume, cross-chain transactions and enterprise solutions.
TokenTax is a full-service accounting firm and a software platform, so you can choose the level of service you need.
For $65, the Basic plan is suitable for casual crypto investors with up to 100 transactions.
If you’re operating across exchanges and platforms, you can pay $199 for the Premium plan, which can handle up to 5,000 transactions.
The $1,999 Pro plan is for you if you conduct up to 20,000 transactions across exchanges and platforms.
If you’re an advanced investor who wants your tax return prepared by an expert, you can choose the VIP plan for $3,499. You’ll get two 30-minute consultations with a tax expert.
Why We Picked It: TokenTax’s tax reports include a tax loss harvesting dashboard, mining and staking income reports and Ethereum gas fee reports.
CoinPanda
CoinPanda lets you manage your portfolio, trade performance and taxes from one dashboard. It provides full visibility into your tax calculations and a detailed cost analysis of every transaction.
You can export all the required tax forms and reports with one click, which makes filing your crypto taxes a breeze.
The software supports over 900 wallets and exchanges, 2,000 DeFi protocols across 150 blockchains and more than 300,000 crypto assets and memecoins.
You’ll get your own NFT gallery to see all your JEPT investments.
CoinPanda’s prices start at $79 for the Hodler plan, which can handle 100 transactions. Its most popular plan is the $279 pro plan, which can handle up to 3,000 transactions.
Why We Picked It: CoinPanda’s crypto price tracker minimizes manual corrections. It provides up-to-date prices for 300,000 currencies and full historical data coverage.
Cartera
Cartera offers a full suite of tools to help you analyze your investments and maximize your earnings across your portfolio.
The software supports cross-chain, cross-protocol and centralized exchange multi accounts and provides a tax lot auditing and reconciliation tool.
Cartera’s data engine parses, classifies and prices all transaction data that you need to calculate your tax obligations each year.
You can sync your wallets and centralized exchange accounts. Cartera automatically identifies spam and highlights missing information – all you need to do is review any flagged transactions.
You can try Cartera for free. It will process transactions in all wallets and accounts once they’re synced to the platform. The software will allow you to view your first 50 transactions for free, and you can download your full report by signing up for one of the company’s accounting packages.
Why We Picked It: The software flags and isolates transactions requiring your review, saving you time during tax season.
Frequently Asked Questions
What is the best crypto tax software?
The best crypto software depends on your personal needs. Consider transaction volume and portfolio complexity to determine which software is right for you.
What is the best tax method for crypto?
The best tax method for crypto investors depends on your trading activity and tax situation. Common methods include first in first out (FIFO), last in first out (LIFO) and highest in, first out (HIFO).
How do I track crypto trades for taxes?
Keep track of each transaction, including dates, costs and sale proceeds. Or, you can use crypto tax software to automate the process by integrating with exchanges and wallets.