Bitcoin.Tax vs ZenLedger

Bitcoin.Tax calculates cryptocurrency capital gains, losses, and income, then produces data and tax forms for filing. Its reports include gains, income, donations, Kraken margin trading, and closing balances with net profit or loss and cost basis. Users can import exchange trade histories, spending, income, mining income, and Kraken margin activity, or use CSV imports. Cost-basis methods include FIFO, LIFO, average costing, specific identification, and optional like-kind treatment. The service lists tax-year support for the United States, Canada, Australia, Germany, and the United Kingdom, or a year beginning January 1. It supports DeFi and NFT activity and lists 23 import sources. Tax outputs include IRS Form 8949 PDF, Schedule D, and formats for TurboTax, TaxACT, H&R Block, Drake, and CCH. Free access covers up to 20 trading transactions. Paid plans are billed once per tax year, beginning with Premium at $59.95, paid once for up to 1,000 transactions. The service says margin trading is not completely supported and may produce incorrect values; its terms also say it does not verify that data is accurate or suitable for tax filing.

ZenLedger calculates taxes on cryptocurrency, DeFi, and NFT activity and generates tax reports. Listed reports include IRS Schedule 1, Schedule D, and Form 8949. Its dashboard supports tax loss harvesting, and an end-of-year valuation report summarizes transactions and holdings across exchanges, wallets, and self-transfers in a spreadsheet. ZenLedger describes direct integrations with 400+ exchanges, 50+ blockchains, and 100+ DeFi and NFT protocols; API and CSV imports are also available. It lists TurboTax and TaxAct integrations for filing portfolio taxes. The service is aimed at crypto investors and tax professionals, with account management tools for accountants and CPAs. A free plan costs nothing; paid plans start with Silver at $49 a year, capped at 100 transactions. Gold costs $199 a year and allows up to 5,000 transactions; Platinum costs $399 a year and allows up to 15,000, with unlimited transactions offered for an additional $600. ZenLedger lists web access and support by phone, video, or chat seven days a week, 9 am–9 pm EST.