What is ZenLedger?
Monitor your cryptocurrency transactions and assess your earnings effortlessly. With ZenLedger, you can swiftly create the necessary crypto tax documentation and financial summaries tailored to your needs. The platform is designed to work seamlessly with all leading exchanges such as Binance and Coinbase, accommodating various cryptocurrencies like Bitcoin, Ethereum, and Litecoin, as well as traditional fiat currencies.
Regardless of whether you're an active trader, a miner, or a long-term investor, ZenLedger generates Profit and Loss statements suitable for both you and your tax advisor.
The service comprehensively imports all your trading activities and organizes your essential paperwork, which includes Capital Gains Reports, Income Reports, Donation Reports, and Closing Reports.
Furthermore, ZenLedger offers the opportunity to connect with a tax expert, such as a tax attorney, CPA, or Enrolled Agent, ensuring your tax filing process is both quick and effective while employing optimal tax strategies. Each fully prepared package includes the 1040 form along with all necessary schedules, although it is important to note that all services are subject to specified time constraints. Taking advantage of ZenLedger not only simplifies your tax preparation but also helps maximize your financial returns.
Pricing
Company Facts
Product Details
Product Details
ZenLedger Categories and Features
Crypto Tax Software
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Works Well with Just a Little "Messin'" Around
Date: Feb 02 2022SummarySpent about a week trying to get another product to work without much success. ZenLedger took about a day.
PositiveTransactions imports from most exchanges with with little or no followup effort required. Had only a few questions and they were answered amazingly fast. I tried another product first but had extreme difficulty importing transactions and found their tech support did not have English as their native language and that they were very sloooow to respond.
NegativeIt's a little difficult to figure out how to correct discrepancies in the imported data. The reason for the discrepancy was not always obvious. I finally just had to guess at the corrective actions required.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Great Device
Date: Feb 02 2022SummaryI love being able to keep track of my Cryptos on Ledger Live while keeping my coins safe, secured and offline.
PositiveSecurity above all else, being able to lock your cryptos in a safe environment is the only perfect solution to having cryptocurrency.
NegativeNo cons excerpt if you loose your security code you are out of luck getting into your device so keep it in a safe place.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Love ZenLedger Software
Date: Feb 02 2022SummaryThe exceptions that come up, is by far, the most difficult thing to fix. A lot of those "problems" are from the various exchanges that for some reason do not include ALL of my transactions. This of course is no fault of the ZenLedger software. Just please keep going after them to fix their API files!!!
PositiveThe ease at which I was able to pull down the API file from the various exchanges that I have utilized for my extensive crypto purchases.
I also love how easy it is to populate my information into the various tax forms that I need to file!!NegativeSince I only need to use the software once a year, I have a hard time remembering all the steps I need to take to get everything completed for the new year.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Crypto taxes
Date: Feb 03 2022SummaryExcellent - happy to have this tool. I know there are alternative companies who claim they offer crypto tax assistance, but I feel ZenLedger is the leader in this field. I also appreciate receiving frequent informative Emails.
PositiveZenLedger has provided me an efficient and effective means of dealing with my crypto taxes. Customer support has been great, particularly since I am not particularly computer literate.
NegativeNavigating between different parts of the site too frequently
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Essential at Tax Time!
Date: Feb 02 2022SummaryI use it every quarter to update my gains/losses, to play for rebalancing and tax harvesting. Its essential at year end to prepare all the forms needed by my accountant that they add to my tax submission. Its well worth the cost!
PositiveOnce set up properly (not difficult to do) this will generate profit/loss statements and fill out IRS forms and clearly show me losses and gains imported from all my exchanges and wallets. Truly this is as easy as it can get! My accountant appreciates the completed forms generated here that I just email him. And since he charges $150 per hour it is easier, more accurate and less expense than dumping a pile of PDFs onto him to sort out!
NegativeI have been using this for the past four years and frankly it is super easy and I can't honestly complain about the value or ease of use. It's a great product.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Life Saver
Date: Feb 04 2022SummaryNow with the addition of so many different cryptos and interest and staking, ZenLedger is absolutely indispensable. The availability of so many tax forms and the ability to download into our Turbo Tax return are very helpful.
PositiveWe have used ZenLedger since 2019. It has held our hands through imports from numerous exchanges, wallets, etc. It has helped us navigate problems with identifying where holdings came from.It has simplified life.
NegativeSometimes I am frustrated by the time delays in "chats" but I am grateful for the willingness to continue with different approaches to solve problems.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Good tax prep service
Date: Feb 02 2022SummaryAgain, if you’re going to play in the cryptocurrency market, ZenLedger should be your go-to at tax time.
PositiveEasy to use. If you’re confused about taxes and cryptocurrency, then look no further than ZenLedger.
NegativeI didn’t like that somehow I got hooked into a recurring subscription to Hobbyist…am still not sure what it is…but I was able to easily cancel.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Great product
Date: Feb 02 2022SummaryI started investing in crypto in Feb 2021. I knew I had a bunch of transactions and a slight capital gain but didn't know how many or how much. With tax time approaching, I did some research and bought ZenLedger. I had over 600 transactions and 5k in capital gains. ZenLedger made it super easy to download transactions from different brokerages and calculate my tax forms. They also connect to TurboTax. Highly recommend!
PositiveEasily links to different brokerages and crypto wallets. Keeps a nice ledger of all your crypto holdings with up to date transactions. Calculates and easily creates the needed tax forms for TurboTax.
NegativeI wish I would have known that crypto brokerages can be linked with TurboTax so a ledger is not really necessary to complete taxes.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
ZenLedger Good Bad or Ugly
Date: Feb 02 2022SummaryGood. Schedules are usable for IRS reporting. Pricing is good. I look at the harvesting feature as very important guidance.
PositivePrintouts are clear and contain all required information to be reported.
Number of exchanges and wallets in ZenLedger.NegativeDownloadables don't always work.
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List of my holdings is wrong.
Includes positions sold.
Downloads clearly shows position sold. -
Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
A Crypto "Go Find Me" App
Date: Feb 02 2022SummaryLike similar crypto tax preparation programs, ZenLedger requires that ALL current and former exchange transactions be listed and accounted for. When your memory fails you, this could slow up your process.
Working with ZenLedger over the past three tax seasons, I have been very satisfied with the accuracy and completeness of their product. In addition, it has taught me to be more diligent over the year to record each and every crypto transaction I engage in for when it becomes crypto tax season again.
I may have an excellent memory, it's just my recall is not what it use to be. Year-long note-taking helps me with this and is a necessity when it comes to ZenLedger activities. Best of luck!PositiveVery complete and accurate.
Helpful articles.
Friendly and knowledgable "Chat" area.
Reasonable and fair fee structure.NegativeRequires dedicated time and effort to tackle the "learning curve", which every other service probably has as well.
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When you run into a snag, it may take a day or so to get it resolved. -
Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
A nice tool to generate cost-basis
Date: Feb 02 2022SummaryI like using this site to double check Coinbase's calculations and for its ability to select multiple cost-basis calculation methods (FIFO, LIFO, HIFO). I recommend it.
PositiveZenLedger allows you to link your Coinbase account and then it conveniently calculates your cost-basis for all transactions and generates tax forms.
NegativeThe site can take a while to generate the forms. I'd like it to be quicker at processing the transactions and generating tax documents.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Overall good, with some hiccups
Date: Feb 02 2022SummaryGood overall, the customer support makes you want to stay. Software needs some tweaking to better match transactions, as well as to maintain trade history and manual corrections between tax years. Satisfied overall :)
PositiveThe customer support via chat is usually spot on and timely, and provide lots of resources and guidance. Closer to tax deadline expect delays for responses(1-3 days) closer to 1.5, which is still really good. Many softwares don't provide any support.
Fairly easy UI to navigate.
Provides good reports. Tax loss harvesting and Form 8949, etc. Have option of hiring a crypto CPA from within, fairly pricey, but nice option.
Solid amount of exchange and wallet support.Negative-The tax software tends to miss duplicates and/or doesn't always ignore them. Leaving you to manually investigate, for better or worse. It is also not intuitive enough to pick up on all transaction pairs across exchanges/wallets, gets most of them, but seems to miss some of the obvious ones.
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-Need to increase the coins offered in the manual custom Wallet section.
- and/or allow integration of custodial wallets using public addresses(Koinly offers a feature like this)
-From one year to the next, when synching API's, any manual changes and/or transaction issues that were resolved seem to get reset and lost. Leaving one to re-do, which is time consuming and annoying. My tax liability even changed from the prior year when I was curious to check it...weird. -
Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Works as Advertised
Date: Feb 02 2022SummaryBasic user here that dabbles in crypto. Using my ZenLedger does offer a sense of security that I otherwise would not have.
PositiveI have had no issues with my ZenLedger. Basic user here that dabbles in crypto. Using my ZenLedger does offer a sense of security that I otherwise would not have.
NegativeI think we are limited here but passwords seem outdated at this point.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
East to use Crypto Tax software
Date: Feb 02 2022SummaryI am very happy with the product and would recommend this to anyone.
PositiveI am happy to recommend the product.
1) Very easy to use
2) Provides easy to use file format
3) Excellent support team that goes above and beyondNegativeSome coin symbols need to be updated to reflect the new logos
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The interface looks a bit dated no issues with functionality. -
Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
ZenLedger is a lifesaver!
Date: Feb 02 2022SummaryWith my tens of thousands of transactions last year, There's no way I could gather all the needed data in a timely manner. ZenLedger definitely simplifies the process.
PositiveWhat a great tool ZenLedger is. It is extremely intuitive and easy to use, has great features, and the pricing is good for the service you get. Such a time-saver!
NegativeNot necessarily an issue with ZenLedger but some of my exchanges aren't able to automatically connect with ZenLedger. Therefore there's a little more manual work to get the needed data.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
ZenLedger and Taxes
Date: Feb 02 2022SummaryOverall the experience has been positive. It's sometimes difficult to resolve differences. When a token becomes essentially worthless you need to remove it from your list of cryptos. That process takes some time.
PositiveZenLedger is a company that can make your tax filing in your crypto world much easier. It's data driven so you need to download all wallets and exchanges you've used . One of the problems the IRS has it assumes you "sell" a crypto when you move that crypto from an exchange to a wallet. ZenLedger solves that problem by seeing an outgoing transaction from an exchange and the incoming action to a wallet. It's not a sell but simply a movement.
NegativeIt's difficult to download some wallets and exchanges because you need the formats to be in a specific format. Sometimes you need to manually produce that document.
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