CoinLedger — The #1 Free Crypto Tax Software (2024)

FAQs

Is CoinLedger free to use? ›

You can use CoinLedger completely for free to import all of your crypto transaction history, view your net capital gains and losses, and track your portfolio. Payment is only required when you want to download and view your full tax report.

Of the three platforms, Koinly has the most custom blockchain integrations. However, CoinLedger is the best platform when it comes to pulling in relevant on-chain data including gas fees and protocol fees.

Yes. In the United States, your transactions on Ledger and other platforms are subject to income and capital gains tax.

CoinLedger Pricing & Fees

The pricing plans are as follows: Hobbyist: $49/year, supports up to 100 transactions. Day Trader: $99/year, supports up to 1,500 transactions. High Volume: $159/year, supports up to 5,000 transactions.

That's part of the reason why the platform is rated 4.8 stars with more than 1,000 reviews on Trustpilot! CoinLedger is the highest-rated crypto tax and portfolio tracking platform used by more than 500,000 investors around the world.

CoinLedger was able to go through my hundreds of Crypto and NFT transactions and help me pinpoint what needed adjusting for tax filing. Before CoinLedger, I was scared to even look at my capital gains, post CoinLedger, I'm excited. Highly recommend! With CoinLedger, you can calculate your crypto taxes in 3 easy steps.

CoinLedger is a crypto tax solution that offers users a variety of features, including the ability to track transactions and generate reports. The platform also offers users the ability to connect their cryptocurrency wallets to the software, but the process is more complicated than with CoinTracker.

Cryptocurrencies are traceable, with transactions recorded on a public ledger accessible to the IRS. The IRS uses advanced methods to track crypto transactions and enforce tax compliance. Centralized exchanges provide user data to the IRS. Use crypto tax tools like Blockpit for accurate reporting and compliance.

How does IRS know about your crypto? ›

Yes, the IRS can track crypto as the agency has ordered crypto exchanges and trading platforms to report tax forms such as 1099-B and 1099-K to them. Also, in recent years, several exchanges have received several subpoenas directing them to reveal some of the user accounts.

Crypto exchanges are legally obligated to share customer data with the IRS. If you've completed a know-your-client process with an exchange like Binance.US or Coinbase, the IRS can easily track and associate your crypto activity with you.

With CoinLedger, you can download a csv file of all of your cryptocurrency transactions formatted specifically for TurboTax! If you earned cryptocurrency or disposed of cryptocurrency during the tax year, you're required to answer 'Yes' to the crypto tax question on Form 1040.

During API imports, CoinLedger requires read-only permissions and never has access to your funds or your private keys. During file imports, CoinLedger only reads the relevant transaction history into memory before discarding the file. Your personal information is never saved into our database.

At CoinLedger, we believe we provide all of our users with an outstanding and exceptional user experience. For this reason, we do not provide refunds for change of mind after purchase. Only accounts with verified product limitations or shortcomings are eligible for a refund.

Cost basis is calculated based on the fair market value of the asset being disposed in any transaction. For example, if you paid $1,000 USD for 1 ETH, your cost basis in that 1 ETH is the fair market value of $1,000 USD at the time of the disposal ($1,000). For a crypto-crypto trade, the same applies.

If you're looking to find the total tax impact for all of your cryptocurrency transactions across your entire portfolio, CoinLedger can help. CoinLedger directly connects to hundreds of exchanges like Coinbase and wallets such as MetaMask.

You may cancel or suspend your Paid Services by contacting CoinLedger at help@coinledger.io. Unless expressly stated to the contrary, we do not guarantee refunds for lack of usage, dissatisfaction or any other reason.