Lucky Trader Guide to Best NFT and Crypto Tax Software of 2023

Jason Bales·
December 16, 2022

Doing taxes shouldn't be hard. We'll review and rank the software for you.

NFT and Crypto Tax Software Reviews

2

Crypto Tax Calculator Review

For crypto beginners, Crypto Tax Calculator offers a basic, cheaper option. And for more advanced investors and traders, DeFi, DEX transactions, NFTs, leveraged trading, staking rewards, airdrops, and even mining rewards are all taken into consideration. There is a solution for every level.

Pros
Clean, user-friendly platform

Low cost

Supports all major cryptocurrency exchanges

Includes DeFi, staking, mining, and more (advanced pricing tiers only)

Supports TurboTax integration

Includes chat support

Cons
Basic pricing tier has very limited tools

NFTs are only included with more advanced tiers

Frequent wallet and exchange warnings

Plans
Rookie
$49/tax year
 
Hobbyist
$99/tax year
Trader
$299/tax year
 
Accountant Suite
$499/tax year
Investor
$189/tax year
3

ZenLedger Review

ZenLedger makes it quick and easy to file complicated cryptocurrency and NFT tax returns. They can connect you with tax professionals who are experienced in the field and give you peace of mind that your reporting is done correctly.
 


Plus, ZenLedger's tax-loss harvesting tools are an added bonus that can assist users in reducing their potential losses.
Pros
Free plan available
Tax loss harvesting tools and unified accounting reports
Integration with Turbo Tax and access to tax professionals
400+ crypto exchanges supported, including 30+ DeFi Protocols
Cons
Free plan can only track up to 25 transactions
No refunds if you download files
Plans
Free: $0 per year
Up to 25 transactions
No DeFi / Staking / NFTs
Starter: $49 per year
Up to 100 transactions
No DeFi / Staking / NFTs
Premium: $149 per year
Up to 5,000 transactions
Ability to integrate DeFi / Staking / NFTs
Executive: $399 per year
Unlimited transactions
Ability to integrate DeFi / Staking / NFTs
4

CoinTracker Review

The ability to quickly and easily generate reports is a huge benefit to the CoinTracker product.

Plus, being a trusted party to notable organizations such as Coinbase and Turbo Tax is a huge plus. 

Unfortunately, the functionality surrounding DeFi and NFT activity still requires a lot of manual transaction overrides, adding a lot of time to users with lots of transaction activity.

Pros
Easy to get started
Supports all major cryptocurrency exchanges and NFT platforms
Advanced portfolio tracking options
Specific DeFi and NFT Support
Tax impact calculator in beta for "what if" scenario modeling
Includes mobile support and mobile app for iOS and Android
Cons
Tax loss harvesting tool requires premium plan
Basic and premium versions lack some key features
Difficult to modify some transactions that need review
Plans
Free
$0, up to 25 transactions
Premium
$179 per tax year for a limited time,
typically $199 per tax year. 
Hobbyist
$53 per tax year for a limited time,
typically $59 per tax year.
Custom
Custom cost based on the needs of the customer.
5

Koinly Review

Koinly is simple to use and beginner-friendly. While it does lack some of the more complex features that other tax software providers have, its price tag makes up for it. Koinly has a best price guarantee on its product.

Pros
Affordable at all pricing tiers
Unlimited free trial time (pay before receiving tax documents)
Easy data importation via CSV files or API integration
Generates Form 8949 for users across multiple wallets
Includes margin trading, tax loss harvesting, mining income tax, DeFi taxes, and ICO taxes
Supports TokenTax and other service integrations
Quick error reconciliation
Cons
No mobile app

Email support only for highest tiers

Less premium features than other tax services

Does not support all popular blockchains

No native support for NFTs, support coming end of 2021
Plans
Free
$0/tax year
Trader
$179/tax year
Newbie
$49/tax year
 
Hodler
$99/tax year
Pro
$279/tax year
6

TokenTax Review

TokenTax makes it quick and easy to file complicated and confusing cryptocurrency and NFT tax returns. The user interface is simple and intuitive, and completing the entire process takes only a few minutes.


With TokenTax’s specialized tools for margin trading, tax loss harvesting, cryptocurrency mining income, and ICO taxes, even the most seasoned traders and collectors can take advantage of the TokenTax platform.

Pros
Clean, user-friendly platform
Supports all major cryptocurrency exchanges and NFT platforms
Supports all world currencies and works in all countries
Generates Form 8949 for users across multiple wallets
Includes margin trading, tax loss harvesting, mining income tax, DeFi taxes, and ICO taxes
Supports TurboTax integration
Includes live support
Cons
Expensive at higher tiers
Basic and premium versions lack some key features
No mobile app
Concerns with understanding of cost basis
Plans
Basic
$65/tax year
 
Premium
$199/tax year
Pro
$799/tax year
 
VIP
$2,500/tax year (may require extra fees)
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