CoinLedger offers a range of features that make it stand out as the top free crypto tax software:
CoinLedger Login primary appeal lies in its free-to-use model. Users can sign up and generate tax reports for free, eliminating the need for expensive tax consultants or software subscriptions. While some premium features are available for a fee, the core functionality — generating tax reports for your crypto transactions — remains free.
One of the biggest challenges for crypto users is consolidating data from multiple platforms. CoinLedger supports over 400 exchanges and wallets, allowing users to easily import transaction histories. Whether you trade on Binance, Coinbase, Kraken, or use DeFi protocols and wallets like MetaMask, CoinLedger ensures that your data is seamlessly imported and ready for tax calculation.
Once transaction data is imported, CoinLedger automatically calculates capital gains, losses, and income from crypto activities. The software employs a variety of accounting methods, including FIFO (First-In-First-Out), LIFO (Last-In-First-Out), and HIFO (Highest-In-First-Out), to give users the flexibility they need to optimize their tax situation.
CoinLedger generates comprehensive tax reports, including Form 8949 (for reporting capital gains and losses), Schedule D, and income reports for activities such as staking and mining. These reports can be easily imported into popular tax filing software like TurboTax or shared with your tax professional, simplifying the filing process.
Crypto taxation is a global issue, and CoinLedger Login recognizes that users come from all corners of the world. The platform supports tax reporting for users in multiple countries, including the U.S., Canada, Australia, and the U.K., among others. This makes CoinLedger a versatile option for international crypto investors.
In the event of an audit, CoinLedger provides a detailed audit trail of all crypto transactions, helping users prove the accuracy of their tax filings. With its audit-ready reports, the software ensures that users are well-prepared for any potential inquiries from tax authorities.
CoinLedger Login takes data security seriously. All user data is encrypted, and the platform adheres to industry-standard security practices. The software does not share personal information with third parties without explicit user consent, ensuring that sensitive data remains protected.