TokenTax Reviews & Ratings

TokenTax

4.7 out of 5 stars
CoinLedger Reviews & Ratings

CoinLedger

4.9 out of 5 stars

Ratings and Reviews 12 Ratings

Total 4.5 out of 5 stars
ease 4.5 out of 5 stars
features 4.5 out of 5 stars
design 4.5 out of 5 stars
support 4.5 out of 5 stars

Ratings and Reviews 11 Ratings

Total 5 out of 5 stars
ease 5 out of 5 stars
features 4.5 out of 5 stars
design 4.5 out of 5 stars
support 5 out of 5 stars

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What is TokenTax?

TokenTax serves as a comprehensive cryptocurrency tax calculator that links with virtually every crypto exchange available. We facilitate the importation of your data from any country and align it with your trading records. With our platform, you can effortlessly monitor your capital gains, losses, and tax obligations for every transaction involving virtual currencies. Our Tax Loss Harvesting feature offers invaluable assistance in minimizing your tax burden. When preparing your TurboTax return, you can easily generate essential tax documents like Form 8949. If you require assistance in filing your taxes, our dedicated team of cryptocurrency tax professionals is ready to guide you through the process. You can connect leading exchanges such as Binance, Coinbase, and BitMEX through seamless automatic API imports or choose to upload a trade history spreadsheet from any exchange you prefer. Our platform is meticulously designed to manage all components of digital asset taxation, ensuring accurate capital gains calculations and the automatic generation of tax forms. TokenTax utilizes your crypto trading history to fill out Form 8949, which is essential for reporting capital gains. This form can either be included with your tax return or imported directly into TurboTax, simplifying your filing experience. Additionally, our user-friendly interface makes it easier than ever for anyone to navigate the complexities of cryptocurrency taxation.

What is CoinLedger?

CoinLedger, formerly known as CryptoTrader.Tax, streamlines the process of managing your cryptocurrency taxes and bitcoin transactions efficiently. By connecting your exchanges, you can easily import your trades and generate a tax report in just minutes. With the API import tool, you have the option to either import trades directly or upload your trade history file effortlessly. The platform is designed to work seamlessly with all major exchanges, ensuring a quick and hassle-free experience. You can incorporate all your cryptocurrency income sources for the tax year, as CoinLedger accurately calculates your gains from mining, staking, and airdrops. Utilizing the same methods as tax professionals, CoinLedger assesses your tax liability, providing confidence that you are not overpaying and that your obligations are minimized. Once your calculations are complete, you can download the necessary IRS forms to file your taxes, share them with your accountant, or easily import them into tax software such as TurboTax or TaxAct. In partnership with a leading tax preparation platform, CoinLedger simplifies the process of E-Filing your crypto gains and losses alongside your entire tax return. Additionally, you can generate detailed reports on your crypto gains, losses, and income in any currency, which can be utilized to accurately fill out the appropriate tax forms for your specific country. This comprehensive approach ensures that users are well-equipped to navigate the complexities of cryptocurrency taxation.

Media

Media

Integrations Supported

Bitstamp
BTC Markets
Binance
BitMEX
CEX.IO
Changelly
Compound
Gate.io
Gemini
HitBTC
KuCoin
Liquid
Poloniex
The Rock Trading
Tidex
Uniswap
YoBit
eToro

Integrations Supported

Bitstamp
BTC Markets
Binance
BitMEX
CEX.IO
Changelly
Compound
Gate.io
Gemini
HitBTC
KuCoin
Liquid
Poloniex
The Rock Trading
Tidex
Uniswap
YoBit
eToro

API Availability

Has API

API Availability

Has API

Pricing Information

$65 per tax year

Pricing Information

$49 per tax season

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
Webinars

Training Options

Documentation Hub

Company Facts

Organization Name

TokenTax

Date Founded

2017

Company Location

United States

Company Website

tokentax.co

Company Facts

Organization Name

CoinLedger

Date Founded

2017

Company Location

United States

Company Website

coinledger.io

Categories and Features

Crypto

Not specified

Crypto Accounting

Not specified

Crypto Tax

Automated Data Import
Exchange Integration
Export Transactions
Historical Prices
Income Overview
Profit & Loss / Cap Gains
Staking / Lending / DeFi Support
Tax Form Generation
Tax Loss Harvesting
Wallet Integration

DeFi Tools

Not specified

Categories and Features

Crypto Accounting

Not specified

Crypto Tax

Automated Data Import
Exchange Integration
Export Transactions
Historical Prices
Income Overview
Profit & Loss / Cap Gains
Staking / Lending / DeFi Support
Tax Form Generation
Tax Loss Harvesting
Wallet Integration

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