Crypto Tax Software

Cryptocurrency is treated as property by the IRS, meaning every trade is a taxable event. Crypto tax software imports transaction history from exchanges and wallets, calculates cost basis using FIFO/LIFO/HIFO, and generates Form 8949 and Schedule D. The number of transactions, not just portfolio size, typically determines which pricing tier you need.

Current featured offer

Koinly

Koinly Crypto Tax Software

Current Pick

Promotional value

Free Preview · Newbie $49/yr

Koinly supports 700+ exchanges and wallets, handles DeFi, NFTs, staking, and mining income. Free plan lets you see your gains before paying. Integrates directly with TurboTax and H&R Block. Considered one of the most exchange-comprehensive options available.

To qualify

Create a free account to preview tax reports before purchasing

Pricing

Free preview · Newbie $49 · Hodler $99 · Trader $179 per tax year

Exchanges

700+

Free Txns

Unlimited preview (pay to download)

Updated May 2026

700+ exchangesDeFi & NFT supportTurboTax integrationfree preview

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Verify terms with provider before applying

More crypto tax software offers

CoinTracker

CoinTracker Tax Software

Starter $59 · TurboTax Integration

CoinTracker supports 10,000+ cryptocurrency pairs and integrates directly with TurboTax for filing. Offers automatic transaction import, DeFi protocol support, and a portfolio tracking dashboard year-round.

Pricing: Free (25 txns) · Starter $59 · Advanced $199 per tax yearExchanges: 500++Free Txns: 25

TurboTax direct import10K+ currenciesportfolio tracker

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TaxBit

TaxBit — IRS Form 8949

Free Tier Available · Plus $50/yr

TaxBit focuses on compliance-grade reporting and is used by exchanges like Coinbase and Gemini to generate 1099s. Free plan available for up to 25 transactions. Strong on IRS Form 8949 and HIFO optimization.

Pricing: Free (25 txns) · Plus $50 · Pro $175 per tax yearExchanges: 500++Free Txns: 25

IRS compliantHIFO supportused by major exchanges

Try Free

CoinLedger

CoinLedger (CryptoTrader.Tax)

Hobbyist $49 · All Tax Years Included

CoinLedger lets you pay once and access reports for all prior tax years — useful if you need to amend past returns. Supports DeFi, NFTs, futures, and mining. TurboTax and H&R Block import available.

Pricing: Hobbyist $49 · Day Trader $99 · High Volume $199 · Unlimited $299Exchanges: 500++Free Txns: 0

all tax yearsno per-year fee per yearDeFi & NFT

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What to check before applying

Confirm all your exchanges and wallets are supported before purchasing
Check which cost-basis method (FIFO, HIFO, specific ID) the software supports
Verify which tax forms are generated — Form 8949, Schedule D, 1099-DAs
Test the import process with a free account before upgrading
Ask about DeFi and NFT transaction support if applicable to your activity

Frequently asked questions

Do I have to report every crypto trade on my taxes?

Yes. The IRS treats cryptocurrency as property, so every sale, trade, or exchange is a taxable event that must be reported on Form 8949 and Schedule D. This includes crypto-to-crypto trades (e.g., trading BTC for ETH), not just sales to USD. Receiving crypto as income, mining rewards, or staking rewards is also taxable. Crypto tax software automates this tracking.

What is the best crypto tax software for high-volume traders?

Koinly is widely used for its 700+ exchange integrations and support for DeFi, NFTs, and multi-chain portfolios. CoinTracking supports 25,000+ coins and offers detailed analytics. TaxBit integrates directly with TurboTax. The best choice depends on which exchanges you use and your transaction volume. All offer free tiers — test the import process before upgrading to a paid plan.

What cost-basis method minimizes crypto taxes?

HIFO (Highest In, First Out) typically results in the lowest taxable gain in a rising market by assuming you sold your highest-cost assets first. FIFO (First In, First Out) is the IRS default and often produces the highest taxable gain. Specific identification offers the most flexibility but requires detailed record-keeping. Consult a tax professional before switching methods, as consistency matters.