Top 5 Crypto Tax Services of 2023

Cryptocurrencies have been around for over a decade now and many people have invested in them. With the rise in popularity of cryptocurrencies, the need for crypto tax services has also increased. As a crypto investor, it is important to keep track of your transactions and report them to the IRS. Failure to report your crypto transactions accurately could result in penalties and fines.

Crypto tax software is a type of software that helps individuals and businesses calculate and report their cryptocurrency taxes. Since the tax rules surrounding cryptocurrencies can be complex and constantly changing, these software tools can make it easier for people to keep track of their cryptocurrency investments and transactions, calculate gains or losses, and generate tax reports.

The following are the top 5 crypto tax services of 2023:

Cointracker is a popular crypto tax service that offers a range of features to simplify your crypto tax reporting. It automatically syncs with your crypto exchanges and wallets to track your transactions.

Pros and Cons

Pros:
User-friendly interface.
Comprehensive tracking of all your crypto transactions
Advanced tax-loss harvesting features
Audit support for peace of mind
Cons:
Relatively expensive pricing plans
Limited customer support options and number of transactions in free plan
Tax Reports not included in a free plan

Pricing
Cointracker offers four pricing plans:
Free
Hobbyist: $49 per year
Premium: $199 per year
Unlimited: priced individually

Koinly is a popular crypto tax service that offers advanced features to simplify your crypto tax reporting. It supports over 6,000 cryptocurrencies and integrates with over 300 exchanges and wallets.

Pros and Cons

Pros:
Comprehensive tracking of all your crypto transactions
Advanced tax optimization features
Affordable pricing plans
Excellent customer support
Cons:
Tax Reports not included in a free plan

Pricing
Koinly offers four pricing plans:
Free
Newbie: $49 per year
Hodler: $99 per year
Trader: $179 per year

Crypto.com Tax is a new crypto tax service that offers a range of features to simplify your crypto tax reporting. It automatically syncs with your Crypto.com account to track your transactions.

Pros and Cons

Pros:
Entirely free
User-friendly interface
Comprehensive tracking of all your Crypto.com transactions
Integration with TurboTax for easy filing
Cons:
Limited integration with other exchanges and wallets
Limited number of jurisdictions

Pricing
Crypto.com Tax is entirely free with no limits on transactions

BitOK not only offers tax reporting but also serves as a portfolio tracker with AML solutions. This is a great option for those who want to keep track of their crypto investments and ensure that they are complying with anti-money laundering and tax regulations.

Pros and Cons

Pros:
Comprehensive solution for portfolio tracking, AML risks monitoring, and tax reporting
User-friendly interface
One of the more affordable options on the market
Tax reports free of charge (limited offer)
Cons:
Limited number of jurisdictions for Tax Forms
Tax Forms not included in a free plan

Pricing
BitOK offers three pricing plans:
Newbie: Free
Smart: $16 per month
Pro: $24 per month

ZenLedger is a software designed for crypto taxation purposes that offers integration with over 400 exchanges, including more than 30 DeFi Protocols. With a customer base exceeding 15,000, ZenLedger delivers simplified crypto tax solutions to both investors and tax professionals.

Pros and Cons

Pros:
Extensive number of pricing plans
Largest number of integrations
Integration with TurboTax for easy filing
Access to tax professionals
Cons:
Relatively expensive pricing plans
Limited number of transactions in free plan

Pricing
Zenledger offers five pricing plans:
Free
Starter: $49 per year
Premium: $149 per year
Executive: $399 per year
Platinum: $999 per year