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

FAQs

Does CoinLedger work? ›

Yes! 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.

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

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.

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.

CoinLedger is the highest-rated crypto tax and portfolio tracking platform used by more than 500,000 investors around the world. CoinLedger is designed to be easy to use, even if you're not a tech or finance expert.

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.

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.

Cash App does not report a cost basis for your bitcoin sales to the IRS. In addition, note that your IRS Form 1099-B from Cash App will not include any peer-to-peer transactions involving Bitcoin on Cash App (including with other Cash App users or involving an external Bitcoin wallet).

Import your gains and losses with a click: Once you've imported your crypto transaction history and generated your crypto tax reports within CoinLedger, you'll be able to import them directly into TurboTax and other tax platforms with the click of a button!

What is the best crypto tax calculator? ›

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.

How much tax do I pay on crypto? Long-term capital gains tax ranges from 0-20%. Meanwhile, short-term capital gains and ordinary income are taxed from 10-37%.

CoinLedger classifies your transaction history into the appropriate tax treatment. This happens automatically, but you can make individual adjustments manually.

All data sent to or from CoinLedger is encrypted in transit using 256 bit encryption.

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.

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.