A lot of people got into cryptocurrency for the first time in 2021, and with tax season approaching, a lot of those new crypto investors are now scrambling to find the best tax software for crypto. If you’re one of the many folks who find themselves in that position and need some help figuring out how to factor your gains and losses into your filings for the year, then look no further. Below, we’ve rounded up the best tax software for crypto traders and investors so you can navigate the 2021 tax season like a pro.
TurboTax is a name that pretty much everyone has heard, which is no surprise considering that it’s been around for as long as do-it-yourself tax software has existed. It might surprise some to see it on a list of the best tax software for crypto, though. TurboTax isn’t focused on cryptocurrency, but its $69 Premier plan does allow you to calculate and include your crypto trading gains and losses into your tax filing. The $89 Self-Employed plan includes this as well, along with some other additions aimed at freelancers, contractors, and small business owners.
Along with crypto, TurboTax Premier accounts for other investments such as stocks, bonds, ETFs, and rental properties. TurboTax doesn’t interface with crypto exchanges, but the software makes it easy to import paperwork provided that the trading platforms you use allow you to download your profit and loss reports.
TurboTax works on Windows, Mac, and Chrome OS computers as well as Android and iOS devices, and you can start your taxes for free — you only pay when you file. Note, however, that currently the $69 Premier and $89 Self-Employed plans are the only ones that include crypto reporting, and discounted pricing is only available until February 28, so act soon! Nonetheless, if you’re looking for the best tax software for crypto that offers a bevy of reporting options for all of your other sources of income.
The surge of crypto traders and investors has led to a number of tax filing services aimed specifically at cryptocurrency. TaxBit is ranked high among the best tax software for crypto, as it’s free to use for individual filers. There are also paid Enterprise solutions for managing reporting for businesses. The Enterprise Tax Center package allows organizations to handle income and other data for multiple people and automates a lot of the reporting work for you (such as tax-loss harvesting), while the Enterprise Accounting Suite is useful for managing books if your business deals with crypto, DeFi, or NFTs.
For individual filers, though, the regular TaxBit filing service is free, so long as you are reporting income from institutions on the TaxBit Network. This network includes more than 500 exchanges and other platforms involved with crypto (such as PayPal and NFT markets). TaxBit interfaces directly through these platforms through its API, allowing you to easily import your profit and loss reports for easy filing. A few platforms supported by the TaxBit Network include Binance, Uniswap, Coinbase. FTX.us, BlockFi, Gemini, and PayPal. This connectivity ranks TaxBit among the best tax software for crypto if you’re looking for a streamlined, largely automated filing process.
There are also no limits on income or crypto gains, even for the free plan — providing that you’re reporting from institutions on the TaxBit Network. If you need to import reporting data from out-of-network platforms, however, then you’ll have to sign up for the $50 Basic plan at least. The Basic plan also allows you to import historical tax returns if you need to, and offers live web chat support if you need some help at any point in the filing process. TaxBit is browser-based as well, so you don’t need to worry about having to download any software.
Another great tax software for crypto is ZenLedger, which is one of the best choices for basic users. It’s a little limited for active crypto traders and DeFi users, but for those who have smaller positions, are less active with their investing (perhaps you bought some Ethereum and Bitcoin as a long-term investment, but don’t trade it much), ZenLedger is more than sufficient. Like TaxBit, ZenLedger can connect with more than 500+ crypto exchanges, wallets, and related platforms, allowing you to easily import your gain/loss information to streamline the process a bit. ZenLedger can then analyze your trading history to calculate your gains and losses for automatic tax-loss harvesting, making sure you take advantage of whatever tax savings you’re entitled to.
ZenLedger offers a basic free plan that allows for reporting of up to 25 crypto transactions and does not include support for NFT transactions or token staking. The $49 Starter plan allows for reporting of up to 100 transactions, but also does not work with NFTs and staking — for that, you’ll need to sign up for at least the $149 Premium plan. The Premium service lets you report up to 5,000 crypto transactions on your tax return, although it’s one of the more expensive plans for heavy crypto users.
Our conclusion is that ZenLedger is among the best tax software for crypto for very basic users who don’t actively trade tokens, buy or sell NFTs, or do any staking or other DeFi-related activities. It’s definitely not the best tax software for crypto for active traders and those involved in the DeFi scene, though — you’ll be better served with TaxBit or Koinly if you fall into those camps.
As you might have guessed just from looking at the name, Koinly is another self-filing tax app purpose-made for cryptocurrency investors. Koinly can sync with more than 350 exchanges and 50 wallets, so while its network integration is somewhat more limited than that of TaxBit and ZenLedger, you’ve still got the most commonly used platforms covered. Koinly can auto-sync data from popular exchanges and wallets like Coinbase, Binance, Crypto.com, Kraken, KuCoin, and Electrum, although Uniswap is notably missing.
Once synced, you can easily download your transaction data for reporting purposes. Koinly can then easily calculate profits and losses for capital gains reporting and tax-loss harvesting, and it can also sort through everything to find and correct errors such as transactions being recorded twice. Koinly’s pricing structure makes it one of the best choices for advanced traders looking for tax software for crypto, too: Its basic free plan lets you report incoming from both trading and DeFi activities, although this is for U.S. filers only and does not include TurboTax, TaxAct, or H&R Block software integration. The paid plans allow you to export your reports directly to your tax software and can generate reports for other countries as well, including the U.K., Canada, and Germany.
There are a few drawbacks to Koinly that keep it from being the absolute best tax software for crypto. As we mentioned, it doesn’t support Uniswap currently. NFT support is also notably missing (meaning you may have to calculate any NFT-related gains and losses separately). Also, the free Basic plan does not give you a Form 8949, Schedule D — you’ll have to fill that out yourself, as well. If you can live without these features, however, then Koinly ranks among our favorite tax software for crypto, especially if you’re able to take advantage of the free package.
The absolutely absurd idea of putting a touchscreen display on a mouse isn't exactly new. Turtle Beach already did it with its Command Series MC7, which features a 2.25-inch control screen. But apparently, even that wasn't ridiculous enough for Arctic Fox Technologies. Its new Super Mouse looks like someone took the chunky old Atari ST mouse, slapped a touchscreen and scroll wheel on it, and called it an upgrade.
The result is a rather unusual-looking mouse that is now on Kickstarter, starting at $199. And as ridiculous as it looks, some of its features are genuinely intriguing.
Apple is less than a day away from launching its highly anticipated OLED MacBook Pro with a touch-sensitive screen. But it appears that the upgrade is going to cost a pretty penny. According to a report by Bloomberg, Apple is reportedly eyeing a starting price of $2,899 for the 14-inch MacBook Pro, while the 16-inch version could start at $3,399 in the US.
"At $2,899, the 14-inch model would mark the highest starting price for a new MacBook Pro model, surpassing the $2,799 Apple charged for a 17-inch version introduced in 2006," says the report. The report claims that Apple is targeting a minimum price hike of $400 for its upcoming redesigned 14-inch and 16-inch MacBook Pro models.
I've spent a good amount of time digging into the spec sheet of the new M6 MacBook Pro (14-inch), and for all intents and purposes, this is a classic Apple "chip and connectivity" refresh. It's not a full redesign. The chassis, Liquid Retina XDR panel, speakers, ports, and battery, all of them carry over unchanged.
However, the M6 brings more cores, stronger on-device AI, higher memory bandwidth on the larger configs, and modern wireless. Here’s the practical rundown of what actually improved, and whether those gains are worth your money.