TokenTax Crypto Tax Software

TokenTax provides comprehensive cryptocurrency tax calculation software that automates the complex process of tracking, calculating, and reporting crypto taxes. The platform supports unlimited integrations with every centralized exchange, DeFi protocol, NFT platform, and blockchain wallet.

Key Features

The software automatically imports transaction data via API connections or CSV uploads, with AI-powered CSV support for custom formats. It calculates capital gains and losses using multiple accounting methods including FIFO, LIFO, and proprietary Specific Identification (Spec ID) algorithms designed to minimize tax liability.

Tax Reports Generated

• IRS Form 8949 for capital gains and losses reporting
• Income reports covering mining, staking, airdrops, and other crypto income
• FBAR reports for foreign account holdings over $10,000
• Ethereum gas fee reports
• IRS audit trail transaction reports
• TurboTax and TaxAct compatible exports

Advanced Capabilities

• Tax loss harvesting dashboard for identifying tax-saving opportunities
• Tax liability previews for real-time tax planning
• Smart reconciliation powered by AI and machine learning
• Margin and options profit/loss calculations
• Support for international tax forms (UK, Canada, and others)
• Automatic version history for tracking changes
• Tax year number freezes for finalized returns

The platform is designed to handle high transaction volumes without sacrificing accuracy, making it suitable for both casual investors and active traders with complex portfolios spanning multiple exchanges and chains.