CoinLedger Reviews
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CoinLedger Features and Benefits
CoinLedger is a cryptocurrency tax software that offers a range of features and benefits:
- Free Portfolio Tracking: Track the price, cost basis, market value, and unrealized return for assets held across all wallets.
- Tax Report Generation: Generate crypto gains, losses, and income reports in any currency.
- Import Transactions: Import crypto transactions from wallets and exchanges.
- Preview Reports: View gains and losses for all transactions — trading, staking, NFTs, or anything else.
- Download Tax Reports: Once the transaction history is viewed, download the tax report with the click of a button.
- Tax Loss Harvesting: Find the biggest tax-saving opportunities across the portfolio.
- Export to Tax Platforms: Upload the tax report to platforms like TurboTax, TaxAct, H&R Block, TaxSlayer, and many more.
- Support Team: CoinLedger’s support team is available to all customers via email and support chat.
- NFT Trades: Simply enter the wallet address and let CoinLedger pull all NFT transactions directly from the blockchain.
- Invite Accountant: Invite the tax professional to the CoinLedger account, and let them file the tax return.
- Expert Review: Have a CoinLedger expert review the data and provide guidance on the account.
These features make CoinLedger a comprehensive solution for managing cryptocurrency taxes and tracking portfolio performance.
CoinLedger Pricing
CoinLedger offers a pricing model based on the number of transactions per tax season. Here's an overview of the pricing packages:
- Hobbyist: $49, supports up to 100 transactions.
- Day Trader: $99, supports up to 1,000 transactions.
- High Volume: $199, supports up to 3,000 transactions.
- Unlimited: $299, supports unlimited transactions.
Each plan is billed once per tax season. If you exceed the transaction count of your plan, you can purchase additional transactions within the app. As long as you don't go over the transaction limit for your tier, you can regenerate your tax report as many times as needed for free.
Payment Method
CoinLedger offers a pricing model for tax reports based on the number of billable transactions per year. Here's an overview of the pricing packages:
- A pricing plan is automatically assigned to your account based on the number of transactions you've imported, but you can choose to purchase a higher pricing tier at any time.
- To buy a tax report, select Upgrade to Unlock anywhere on the Tax Reports page. You can select the transaction tier automatically assigned to your account, which is the default shown on your checkout page, or purchase a higher tier to give yourself maximum flexibility in case you decide to import more data later on.
- If you import more transactions into your account and exceed the threshold of the pricing plan you've previously purchased, you'll simply be prompted to upgrade to the next tier by paying the difference.
- Once you purchase a report, it’s yours - which means you can continue to edit, download, and even add transactions to it as many times as you’d like. You’ll only pay a second time if you exceed the original transaction count of the pricing plan that you purchased. In this case, you'll be prompted to pay the difference for the next pricing tier.
To see how many transactions you're currently using for a given year and how many are left on your pricing tier, head to the Tax Reports page and check out the Usage and Plan indicator on the right side of your screen. There you'll see what tier you've purchased and the number of transactions left for your pricing plan.
Please note that CoinLedger cannot downgrade your account to a lower pricing tier after purchase has been completed. Purchasing a higher tier gives you maximum flexibility in case you decide to import more data later on. You can continue to edit, download, and even add transactions to your account as many times as you'd like after you purchase a report. Despite support for multiple payment methods, users cannot pay for services with cryptocurrency.
CoinLedger FAQs
CoinLedger Alternatives
Here are the top 10 alternatives to CoinLedger:
- SoftLedger
- Bitwave
- Cryptoworth
- Accointing
- TaxBit
- Crypto.com Tax
- Cryptio
- Request Finance
- Koinly
- Crypto Tax Calculator
Each of these alternatives offers unique features and benefits. Some are more focused on providing detailed tax reports, while others offer a broader range of services including portfolio tracking and management. It's important to research each one to find the best fit for individual needs. Remember, the right tool can make managing crypto assets and taxes much easier.
CoinLedger Return Policy?
CoinLedger offers a 14-day money-back guarantee if you are not able to get an accurate tax report using their software. To be eligible for a refund, all three of the following conditions must be met:
- Your refund request is within 14 days of purchase
- You have not downloaded any tax reports
- You are prevented from generating an accurate tax report because of a verifiable bug or product limitation (verified by their technical support team)
Refunds are not provided for the following reasons:
- Difficulty importing into tax filing software
- Hiring an accountant
- Purchasing the wrong tax year
CoinLedger directly integrates with major tax filing software providers: TurboTax (Online & Desktop), TaxAct, Tax Slayer, H&R Block. They provide step-by-step guides for each tax filing software and their customer support team is available to assist with getting your file correctly imported. If you are having trouble importing your tax file, you can send them a message and they will personally verify that the tax file you exported from CoinLedger is compatible and up to date.
CoinLedger is not tax filing software, so it’s entirely expected that you will need to find an additional filing solution after you generate your crypto tax reports. After using CoinLedger software you will need to take the additional step to file your tax reports - either through e-filing tax software or by using the filing services of a tax professional. Filing with a tax professional does not replace the work that CoinLedger software does to accurately calculate your profits and losses for tax purposes. Instead, CoinLedger helps you to automatically prepare tax forms that would be difficult to complete by hand. Their system has been reviewed by a panel of crypto tax attorneys and accountants with extensive experience in crypto tax law and accounting. If you have any questions about the formatting of your tax report or about which tax reports you need to send to your tax professional, you can send a message in to their support team and they will be happy to guide you.
How To Open A CoinLedger Account?
To open an account on CoinLedger, follow these steps:
- Navigate to the CoinLedger website.
- Click on the Get Started For Free button.
- You can choose to sign up with Google or Coinbase. Select the preferred option.
- Follow the prompts to complete the sign-up process.
After successfully creating an account, the next steps involve importing data from all the exchanges, wallets, dapps, and platforms used to buy, sell, and trade crypto over the years.
- From the Import stage of CoinLedger, select Add Account.
- Then, select the blockchain, exchange, or wallet account to import.
- Follow the prompts on screen to complete the import process. Repeat the import process for each account used to trade crypto over the years.
Once all data is imported, the next step is to review the data. On the Transactions page of the CoinLedger app, review, edit, and manage each of the imported transactions.
After importing and reviewing the crypto transaction history data, the final step is to view and download tax reports. Head to the Tax Reports page in CoinLedger. Here, view a breakdown of gains or losses for the year as well as any income made from crypto. To access the tax reports, purchase them first. Once purchased, view and download each tax report that CoinLedger offers by clicking on the Tax Report Downloads menu and selecting generate for the report to access. Then, press download.
Remember, CoinLedger is not tax filing software. After using CoinLedger software, an additional step to file tax reports is required - either through e-filing tax software or by using the filing services of a tax professional. CoinLedger helps to automatically prepare tax forms that would be difficult to complete by hand. Their system has been reviewed by a panel of crypto tax attorneys and accountants with extensive experience in crypto tax law and accounting. If there are any questions about the formatting of the tax report or about which tax reports to send to a tax professional, send a message to their support team for guidance.
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