Awaken Tax vs CoinLedger

Awaken Tax is web-based crypto tax software for traders, DeFi users, startups, and funds. It advertises U.S. tax reports including Form 8949 and 1099-B, and lists Schedule D, 1099-DA reconciliation, TurboTax, and TaxAct formats. Users can upload wallets and review a tax summary for free, but need a paid plan to download tax reports. The free Minnow plan allows 100 transactions; Fish is $99.00 per year for 300 transactions, and higher tiers increase transaction limits and add options such as advanced tax settings, performance tracking, tax lots, or tax planning. Awaken says its AI handles more than 10,000 dapps and supports liquidity providing, staking, bridging, and swaps. It also says it supports more than 50 countries and lists integrations with wallets and services such as MetaMask, Ledger, Phantom, Coinbase, Solana, Ethereum, KuCoin, Binance US, and Kraken. Business tools include entity-specific ledgers and closes, double-entry bookkeeping, and QuickBooks journal-entry syncing. Awaken states that it is SOC II compliant, encrypts data in transit and at rest, and uses read-only API keys that cannot move funds.

CoinLedger is a web service for tracking cryptocurrency portfolios and preparing tax reports. Portfolio tracking is free, and the service supports historical data for more than 20,000 cryptocurrencies. Users can import records through read-only exchange APIs, CSV or custom CSV files, and public wallet addresses; CoinLedger lists more than 1,000 integrations for wallets, exchanges, blockchains, and DeFi platforms. Tax calculations include FIFO, LIFO, HIFO, and Adjusted Cost methods. Reports include IRS Form 8949, income, capital gains, and audit trails, and the service supports importing capital gains and losses into TurboTax, TaxACT, H&R Block Desktop, and TaxSlayer. DeFi and NFT activity are supported. Listed jurisdictions include the United States, Australia, Canada, New Zealand, Germany, Japan, Ireland, and Austria. The Hobbyist plan is $49 as a one-time purchase for up to 100 transactions; Investor is $99, paid once for up to 1,000 transactions, and Pro is $199, paid once for 3,000+ transactions. Done For You engagements start at $3,500. CoinLedger says signup needs only a valid email address and that it does not report users' tax information to the IRS.