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Awaken Tax
Crypto tax reporting platform covering 55+ jurisdictions with deep Solana and DeFi support
4.0/ 5
Our score
Very good
Tax reports for
United StatesCanadaUnited KingdomAustralia+2
Free plan
Yes
DeFi & NFT support
Yes
Reports produced
Form 89491099-BSchedule D
What is Awaken Tax?
Awaken Tax is a cryptocurrency tax reporting tool built to parse complex onchain activity across decentralized finance protocols, non-fungible tokens, and centralized exchanges. Operating under Accrue Finance Inc., the service supports compliance across more than 55 jurisdictions, including IRS Form 8949 and Schedule D generation for United States filers alongside Canada Revenue Agency reports.
Team and background
Founder and Chief Executive Officer Andrew Duca started Awaken Tax in 2022 after encountering tax calculation challenges as an active Solana DeFi participant. Headquartered in Carlsbad, California, the company operates with a team of seven people. In its initial tax season, Duca handled support directly, addressing 600 user-submitted issues to refine transaction parsing.
How tax tracking works
Users link wallets across networks such as Solana, Ethereum, and Hyperliquid or import records from exchanges like Coinbase and Kraken. Awaken Tax parses liquidity pool positions, staking, token swaps, and bridge transfers across more than 10,000 decentralized applications. The platform includes an AI agent connection that lets users hook external models such as Claude, Grok, Codex, and Hermes directly into their accounts to categorize transactions and review cost basis adjustments. The Awaken Bridge tool allows users to import historical transactions and previous manual edits from competitors.
Pricing and report generation
Wallet uploads and capital gains previews are free without entering a credit card. Users pay a fee when downloading finalized tax forms, IRS reports, or TurboTax export files. In addition to self-directed plans for individuals, Awaken Tax provides a continuous crypto accounting product for startups and funds, a dedicated Full Service tax preparation option, and a developer tax API.
Track record and trade-offs
As of October 2026, Awaken Tax counts more than 40,000 users. While the platform automates complex DeFi categorization, infrastructure updates can cause temporary syncing friction. For example, in October 2026, the company resolved delayed synchronization for 5,000 EVM wallets and announced the sunsetting of its Blast chain integration, requiring active traders on that network to export their records manually before support ended.
Founders
Andrew DucaFounder & CEO
Crypto-native investor and active Solana DeFi participant.
Best for:Solana and Ethereum DeFi tradersHyperliquid perpetual contract usersUS taxpayers needing Form 8949Traders migrating from older tax tools
Pros and cons
Pros
- Free wallet imports and capital gains summaries without requiring a credit card
- Generates official tax forms across more than 55 supported countries
- Parses complex activity across over 10,000 decentralized applications
- Direct integrations for Solana, Ethereum, and Hyperliquid activity
Cons
- Sunsetting specific network integrations such as Blast requires users to import data before support ends
- Report downloads require paid tier upgrades once transactions are summarized
- Occasional node indexing delays have slowed imports for thousands of EVM wallets
Our review
4.0/5
Very good
Awaken Tax processes complex onchain transactions and multi-chain DeFi activity, but full tax report downloads require paid plans.
Awaken Tax was founded in 2022 by Andrew Duca to address the persistent tracking errors traders face with onchain transactions. Headquartered in Carlsbad, California, the platform is operated by Accrue Finance Inc. and serves more than 40,000 users across 55 jurisdictions, including the United States, Canada, the United Kingdom, and Australia.
The software differs in its handling of decentralized finance and NFT activity. It parses liquidity provision, bridges, and complex multi-leg swaps across networks like Solana, Ethereum, and Hyperliquid. Users can import wallets and exchanges to preview their gain and loss summary for free without entering a credit card. An integration bridge also enables migrating historical edits and notes directly from legacy tax software.
For filing, the platform generates required United States tax documentation such as IRS Form 8949 and Form 1099-B, while also offering guidance for tools like TurboTax and FreeTaxUSA. Awaken Agents introduces programmatic tax classification. Users can link AI models such as Claude, Codex, Hermes, Grok, or OpenClaw to categorize messy transactions and clean up cost-basis errors.
Trade-offs remain. Node synchronization can occasionally hit operational snags, such as delayed EVM wallet imports or the deprecation of specific chains like Blast. Users who exclusively trade spot assets on a single centralized exchange will likely find standard exchange reporting or simpler tax tools sufficient.
Specs
| Tax reports for | United States, Canada, United Kingdom, Australia, Germany, Other |
|---|---|
| Free plan | Yes · unverified |
| DeFi & NFT support | Yes |
| Reports produced | Form 8949, 1099-B, Schedule D · unverified |
| TurboTax export | Yes · unverified |
| Accountant portal | Yes · unverified |
| Mobile app | Yes · unverified |
| Free trial | Yes · unverified |
| Tax professional support | Yes · unverified |
Not disclosed by the provider: Paid plans from (per tax year), Exchange & wallet integrations.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
Onchain DeFi parsing
Automatically categorizes liquidity provision, token swaps, staking, and bridges across more than 10,000 decentralized applications.
Tax agency reporting
Generates IRS Form 8949, Schedule D, and 1099-B reports for filers across 55 jurisdictions.
AI agent skill
Connects with AI agents including Claude, Codex, Grok, and Hermes to review transactions and adjust cost basis.
Awaken Bridge import
Migrates historical wallet setups, transaction notes, and manual classifications from other crypto tax tools.
TurboTax integration
Exports categorized transaction summaries for TurboTax.
Mobile portfolio tracking
Tracks combined onchain and exchange asset balances alongside tax information.
Inside Awaken Tax
Individuals
Automates cryptocurrency tax calculations, cost-basis tracking, and report generation for active onchain traders and NFT collectors.
Businesses
Continuous crypto accounting and portfolio monitoring software designed for Web3 startups and investment funds.
Full Service
A managed tax preparation service where the Awaken team handles transaction categorization and tax filing directly.
Tax API
A developer interface that allows third-party platforms to embed Awaken's crypto tax calculations and reports into their applications.
Agents
Connects AI models such as Claude, Codex, Hermes, Grok, and OpenClaw to categorize transactions and resolve cost-basis discrepancies.
Awaken Tax screenshots
What users say about Awaken Tax
Awaken Tax automates cost basis tracking and supports DeFi and on-chain transactions, though cross-chain swaps can require manual cleanup.
In their own words
“Robert from TX-Partner here. This sounds more like a data problem. You need to get your full transaction history into one place. Including the Pump Fun trades, to show that your gains were offset by losses within the same year.”
“i had almost the exact same issue with a crypto cp2000, so seriously don’t panic. the irs just sees the total money moving through your exchange, not your real profit or loss, so it often looks like “income” when it’s not.”
“Man, this is exactly why I started using Awaken.tax too. It seriously saves so much tim... automatically pulls in trades from exchanges and DeFi, tracks cost basis, and even gives reminders for quarterly payments.”
“**Awaken.tax** good 4 DeFi newbies but messy cross-chain swaps sucked. BYDFi lets me move coins step by step, staking separate. tiny trading costs make repeated swaps manageable, dont feel stress from small losses piling up”
Scam warning: Scammers have impersonated the platform using fake accounts and manual transaction inputs to fabricate crypto balances and demand release fees.
Based on 28 Reddit posts and comments from the last 12 months, checked Oct 20, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used Awaken Tax? Share your experience below.
FAQ
Who founded Awaken Tax?
Awaken Tax was founded in 2022 by Andrew Duca, who acts as the company's CEO.
How much does Awaken Tax cost?
Uploading wallets and previewing tax calculations is free with no credit card required. Paid plans are required to download finalized tax reports.
Which countries does Awaken Tax support?
Awaken Tax supports tax reporting in over 55 jurisdictions, including the United States, Canada, the United Kingdom, Australia, and Germany.
Which tax forms and exports does Awaken Tax generate?
The platform generates IRS Form 8949, Form 1099-B summaries, and capital gains reports, with export guidance available for platforms like TurboTax and FreeTaxUSA.
Does Awaken Tax have a mobile app?
Yes, Awaken offers a mobile application that tracks onchain and offchain balances alongside tax estimates.
Latest from Awaken Tax on X
Our mobile app is back.
Track all your onchain & offchain balances in one place. And taxes too.
100% free.
https://t.co/aFMAil5uQu
Track all your onchain & offchain balances in one place. And taxes too.
100% free.
https://t.co/aFMAil5uQu
If you’re scrambling for tax extensions…
This may help you.
This may help you.
For those working on extensions and using @FreeTaxUSA 👇
We have a new guide to walk you through the crypto portion:
https://t.co/hvkIa52jBT
We have a new guide to walk you through the crypto portion:
https://t.co/hvkIa52jBT
Awaken will sunset our Blast integration on October 25th.
Please make sure to import data ahead of time. Beyond that and it’ll be gone.
Please make sure to import data ahead of time. Beyond that and it’ll be gone.
Recent public posts from @AwakenTax, shown as published. Not reviewed or endorsed by CryptoReview.
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