Top Crypto Tax Software for 2021: Reviews and Comparison

Are you tired of manually calculating your crypto taxes? Do you want to save time and avoid costly mistakes? Look no further than the top crypto tax software for 2021! In this article, we will review and compare the best crypto tax software available on the market.

What is Crypto Tax Software?

Crypto tax software is a tool that helps you calculate your taxes on cryptocurrency transactions. It automates the process of tracking your trades, calculating your gains and losses, and generating tax reports. With the rise of cryptocurrency, the need for crypto tax software has become increasingly important.

Why Use Crypto Tax Software?

Using crypto tax software has many benefits. First and foremost, it saves time. Manually calculating your crypto taxes can be a time-consuming and tedious process. Crypto tax software automates this process, allowing you to focus on other important tasks.

Secondly, it reduces the risk of errors. Crypto tax software is designed to be accurate and reliable. It eliminates the risk of human error, which can be costly when it comes to taxes.

Lastly, it ensures compliance with tax laws. Crypto tax software is designed to comply with tax laws and regulations. It ensures that you are reporting your crypto transactions correctly and avoiding any penalties or fines.

Top Crypto Tax Software for 2021

1. CoinTracking

CoinTracking is one of the most popular crypto tax software available on the market. It supports over 8,000 cryptocurrencies and allows you to import data from over 70 exchanges. CoinTracking offers a variety of features, including tax reports, profit and loss statements, and portfolio tracking.

CoinTracking's tax reports are comprehensive and easy to understand. They include all the necessary information for tax reporting, such as capital gains and losses, cost basis, and holding periods. CoinTracking also offers a variety of export options, including PDF, Excel, and CSV.

2. CryptoTrader.Tax

CryptoTrader.Tax is another popular crypto tax software. It supports over 50 exchanges and allows you to import data from wallets and CSV files. CryptoTrader.Tax offers a variety of features, including tax reports, capital gains reports, and audit trail reports.

CryptoTrader.Tax's tax reports are easy to read and understand. They include all the necessary information for tax reporting, such as capital gains and losses, cost basis, and holding periods. CryptoTrader.Tax also offers a variety of export options, including PDF, Excel, and CSV.

3. ZenLedger

ZenLedger is a comprehensive crypto tax software that supports over 400 exchanges and wallets. It offers a variety of features, including tax reports, capital gains reports, and portfolio tracking. ZenLedger also offers a variety of export options, including PDF, Excel, and CSV.

ZenLedger's tax reports are comprehensive and easy to understand. They include all the necessary information for tax reporting, such as capital gains and losses, cost basis, and holding periods. ZenLedger also offers a variety of import options, including CSV, API, and manual entry.

4. Koinly

Koinly is a user-friendly crypto tax software that supports over 6,000 cryptocurrencies and allows you to import data from over 300 exchanges and wallets. Koinly offers a variety of features, including tax reports, capital gains reports, and portfolio tracking.

Koinly's tax reports are easy to read and understand. They include all the necessary information for tax reporting, such as capital gains and losses, cost basis, and holding periods. Koinly also offers a variety of export options, including PDF, Excel, and CSV.

Comparison of Top Crypto Tax Software

| Software | Supported Exchanges | Supported Wallets | Supported Cryptocurrencies | Import Options | Export Options | Price | | --- | --- | --- | --- | --- | --- | --- | | CoinTracking | 70+ | N/A | 8,000+ | API, CSV, Excel, PDF | CSV, Excel, PDF | $179 - $3,999 | | CryptoTrader.Tax | 50+ | CSV, Wallets | N/A | CSV, Wallets | CSV, Excel, PDF | $49 - $399 | | ZenLedger | 400+ | CSV, API, Manual Entry | N/A | CSV, API, Manual Entry | CSV, Excel, PDF | $149 - $999 | | Koinly | 300+ | CSV, API, Wallets | 6,000+ | CSV, API, Wallets | CSV, Excel, PDF | $49 - $399 |

Conclusion

In conclusion, using crypto tax software is essential for anyone who trades cryptocurrency. It saves time, reduces the risk of errors, and ensures compliance with tax laws. The top crypto tax software for 2021 are CoinTracking, CryptoTrader.Tax, ZenLedger, and Koinly. Each software has its own unique features and pricing options, so it's important to choose the one that best suits your needs. With the help of crypto tax software, you can focus on trading and growing your portfolio, while leaving the tax calculations to the experts.

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