Crypto Tax Filing Review in 2025: Best Software to Use
The cryptocurrency market has matured rapidly, and with it, tax reporting requirements have become increasingly strict and complex. In 2025, tax agencies like the IRS, HMRC, CRA, and others are cracking down on crypto investors. If you’ve traded Bitcoin, earned staking rewards, or dabbled in DeFi or NFTs, filing your crypto taxes isn’t optional—it’s mandatory.
Manually tracking trades, gas fees, and wallet transfers is a nightmare. That’s why smart investors are turning to specialized crypto tax software to automate the process. In this guide, we focus on the three best crypto tax tools in 2025: Koinly, CoinLedger, and TokenTax.
Why Crypto Tax Filing Matters in 2025
As governments improve their crypto surveillance tools, exchanges are now required to report user data. In 2025, crypto users must report not just capital gains but also:
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DeFi income (yield farming, lending)
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Staking and mining rewards
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NFT sales and transfers
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DAO token distributions
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Token swaps and cross-chain bridging
Failure to report accurately can result in audits, penalties, and fines.
This is where reliable crypto tax software becomes invaluable—it does the heavy lifting, ensures compliance, and protects you from costly errors.
Best Crypto Tax Filing Software in 2025
After testing dozens of platforms, we’ve narrowed it down to the top 3 crypto tax software tools you should consider in 2025:
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Koinly – Best for international users
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CoinLedger – Best for U.S. taxpayers and beginners
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TokenTax – Best for professionals and high-volume traders
1. Koinly
Best for: Global users and DeFi/NFT investors
Website: https://koinly.io
Overview:
Koinly is a highly versatile tax tool that supports over 20,000 cryptocurrencies, 800+ exchanges, and all major wallets. Its clean interface and robust reporting system make it ideal for casual and experienced investors alike.
Why Users Love It:
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Handles everything from basic trades to complex DeFi interactions
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Supports tax reporting in over 30 countries, including the U.S., UK, Australia, and Canada
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Provides a read-only API sync with top wallets and exchanges
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Auto-generates forms like Form 8949, Schedule D, K4, and more
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Tracks staking, airdrops, NFTs, and gas fees
Key Features:
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International tax formats (including FIFO, LIFO, ACB)
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NFT and DeFi transaction classification
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Real-time portfolio tracking
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TurboTax and TaxAct integration
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Custom transaction labels and tagging
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Mobile support and CSV exports
Pricing:
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Free plan (view transactions only)
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Paid plans: $49 – $279/year, based on transaction volume
Pros:
✅ Global tax support
✅ Easy-to-use interface
✅ DeFi, NFT, and staking coverage
✅ Auto-import from most wallets
Cons:
❌ Higher-tier plans needed for advanced features
❌ Limited customer support hours
Ideal For:
Anyone trading across multiple platforms or earning crypto in various ways—including DeFi, staking, and NFTs—especially outside the U.S.
2. CoinLedger
Best for: U.S.-based crypto users and tax newbies
Website: https://coinledger.io
Overview:
CoinLedger is designed to make crypto tax filing as simple as possible, especially for U.S. taxpayers. It supports major exchanges and wallets and walks users through the process of generating tax-ready forms.
Why Users Love It:
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Fast and easy setup
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Clean, modern interface
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Form 8949, Schedule D, and income reports are auto-generated
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Integrates directly with TurboTax and TaxSlayer
Key Features:
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Automatic transaction import from Coinbase, Binance, Kraken, MetaMask, and more
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Tracks NFT sales, staking income, and airdrops
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Classifies DeFi and wallet transactions accurately
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Offers IRS-ready downloadable forms
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Real-time tax preview during the year
Pricing:
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No free plan
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Paid plans: $49 – $299/year, based on transaction count
Pros:
✅ Built for simplicity and speed
✅ Great customer support
✅ U.S. tax form accuracy
✅ Clean UI, good for beginners
Cons:
❌ Limited global tax support
❌ No fully free option
Ideal For:
U.S.-based users, first-time crypto taxpayers, and anyone looking for a quick, hassle-free experience.
3. TokenTax
Best for: Professionals, high-volume traders, and businesses
Website: https://tokentax.co
Overview:
TokenTax offers a full-service experience that goes beyond DIY software. It combines software automation with CPA support, making it a favorite among high-net-worth individuals, traders, and institutions.
Why Users Love It:
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Personalized tax strategy consultations
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Handles margin trading, futures, ICOs, and derivatives
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Audit support and full IRS filing
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Can handle very complex crypto activities
Key Features:
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DeFi and NFT coverage
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Cross-exchange matching
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Professional tax filing included (on higher tiers)
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Integration with all major wallets and platforms
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Real-time tax-loss harvesting dashboard
Pricing:
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Basic Plan: $65/year (for simple tax reports)
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Premium Plans: $199 – $3,500/year (includes CPA assistance and full filing)
Pros:
✅ Best for advanced users and institutions
✅ CPA filing and audit support
✅ Great for complex portfolios and high-volume trading
✅ Handles advanced tax events
Cons:
❌ Much more expensive than other tools
❌ Less DIY-friendly—best with expert support
Ideal For:
Crypto whales, hedge funds, businesses, and anyone needing professional help to file accurately and reduce tax liabilities.
What to Look for in Crypto Tax Software
When choosing the right crypto tax tool, consider these key factors:
✅ Compatibility
Make sure the software supports all the wallets, exchanges, and blockchains you use—especially if you’re active in DeFi or NFT trading.
✅ Accuracy
The platform should handle transaction matching, gas fees, and taxable events like staking and token swaps.
✅ Tax Form Generation
Look for automated generation of IRS forms like Form 8949, Schedule D, and income reports.
✅ Support and Assistance
Beginners may need help classifying transactions. Professionals might require full CPA services.
✅ Pricing
Choose a plan based on your transaction volume and the complexity of your activity. Some tools become expensive fast at high transaction counts.
FAQs: Crypto Tax Software in 2025
Q: Is it mandatory to report crypto in 2025?
Yes. Most countries now require crypto income and capital gains reporting. The IRS and other tax agencies treat crypto as property or taxable income.
Q: What happens if I don’t report?
You may face fines, interest, audits, or even criminal charges in severe cases.
Q: Can I file taxes with TurboTax or do I need CPA help?
You can use tools like Koinly or CoinLedger to export tax forms directly into TurboTax. TokenTax offers full CPA filing for more complex cases.
Q: Which tax method is best: FIFO or LIFO?
It depends. FIFO is commonly used and often required by regulators. However, LIFO or specific identification may result in lower taxes. Tools like Koinly let you choose.
Q: Can I use crypto losses to offset other income?
Yes, capital losses can offset capital gains, and in some jurisdictions, up to a certain amount of income.
Final Thoughts on Crypto Tax Software
As crypto adoption grows, tax compliance becomes non-negotiable. With complex DeFi protocols, cross-chain wallets, and NFT marketplaces, manually calculating taxes is risky and time-consuming.
Thankfully, 2025 offers excellent crypto tax software options:
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Choose Koinly if you want global support, NFT and DeFi tracking, and a clean UI.
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Choose CoinLedger if you're a U.S. taxpayer looking for simplicity and speed. (Use CRYPTOTAX10 at checkout for 10% off)
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Choose TokenTax if you need professional support, have high volume, or run a crypto business.
Take your tax filing seriously this year—because the only thing worse than a bear market is an audit.