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TokenTax is a comprehensive crypto tax software and accounting platform that connects to every exchange to help you calculate your capital gains and file your taxes accurately.
TokenTax is a specialized tax platform designed to simplify the complex process of reporting cryptocurrency capital gains and losses. You can sync your entire investment history by connecting directly to exchanges, wallets, and protocols via API or CSV uploads. The software automatically calculates your tax liability using various accounting methods like FIFO, LIFO, or HIFO, ensuring you stay compliant with IRS and international tax regulations.
Beyond simple calculations, you can use the platform to identify tax-loss harvesting opportunities to lower your overall bill. It supports advanced crypto activities including DeFi, staking, mining, and NFTs, making it a versatile tool for both casual investors and high-frequency traders. You can generate completed tax forms ready for upload to services like TurboTax or for your personal accountant to review.
Stop worrying about manual spreadsheets and complex tax rules. TokenTax automates the heavy lifting by syncing your data and calculating your obligations so you can file with confidence.
Connect to every major crypto exchange and wallet automatically via API to import your entire transaction history instantly.
Identify specific underwater assets in your portfolio that you can sell to offset gains and reduce your total tax liability.
Track complex transactions across decentralized finance protocols and NFT marketplaces to ensure every trade is accounted for accurately.
Handle advanced trading activities like margin trading and futures with specialized tools that calculate gains from complex positions.
Download completed IRS Form 8949 and other necessary documents that you can import directly into TurboTax or TaxAct.
File your taxes correctly regardless of where you live with support for tax rules in the UK, Canada, and beyond.
TokenTax offers tiered plans based on your transaction volume and the complexity of your portfolio. While there is no free version, you can choose a plan that fits your specific needs, starting with basic reporting for casual investors. All paid plans provide you with professional tax forms and audit assistance.
Based on user feedback from crypto investors and professional accountants, here is what you should consider before choosing TokenTax for your filing:
Perfect for cryptocurrency investors and active traders who need to reconcile complex DeFi, NFT, and exchange data for tax compliance.
TokenTax is a top-tier choice if you have a complex crypto portfolio involving more than just simple exchange trades. You will find the DeFi and NFT support particularly valuable if you interact with multiple protocols or mint digital art.
While the entry price is higher than some alternatives, the accuracy and time saved on manual data entry justify the investment. Highly recommended if you want a professional-grade tax solution that integrates directly with major filing software.
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