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TokenTax
Crypto tax reporting platform paired with in-house CPA filing services for complex returns
3.8/ 5
Our score
Good
Tax reports for
United States
Exchange & wallet integrations
100
DeFi & NFT support
Yes
Reports produced
Form 89491099-DA
What is TokenTax?
TokenTax is a cryptocurrency tax calculation platform and accounting practice that translates on-chain transactions and exchange activity into filing-ready tax documents. Founded in 2017, the company combines self-service calculation software with an in-house accounting team that can reconcile complex ledgers, prepare IRS returns, and file directly on behalf of clients.
Founders and background
The platform was originally built by product designer Alex Miles, who previously worked at Readmill and Dropbox, winning the Product Hunt Global Hackathon in 2017 with an early Coinbase tax tool. Co-founder and chief executive officer Zac McClure joined shortly after launch. McClure holds an MBA from the Wharton School and has a background in financial accounting, investment banking, and impact investing.
Transaction tracking and reconciliation
TokenTax connects to financial platforms through read-only API keys, wallet addresses, and CSV uploads. The software integrates with over 100 exchanges, wallets, and blockchains, including prediction markets such as Polymarket. It automatically deduplicates transactions across accounts, identifies transfers between self-custodial wallets, and uses rules to categorize decentralized finance activity, including liquidity pool stakes, token swaps, bridges, and mints. A tax-loss harvesting dashboard calculates unrealized losses in real time. Users can monitor these figures to spot offset opportunities before the end of the tax year.
Form exports and professional services
Clients can export IRS Form 8949, Schedule D, and 1099-DA summaries directly into consumer tax filing software such as TurboTax, H&R Block, and TaxAct. For complex portfolios, TokenTax provides full-service CPA engagements where professional accountants manually review cost-basis allocations, resolve missing transaction data, and complete federal and state tax filings.
Limitations and operational risks
Because the platform relies on third-party API read access, broken endpoints or undocumented decentralized protocols can result in unclassified transactions that require manual entry or custom CSV uploads. The service is primarily structured around United States federal tax guidelines. Its automated reporting is less suited for international jurisdictions with differing cost-basis accounting requirements.
Founders
Alex MilesCo-Founder
Former product designer at Readmill and Dropbox who built the first version during the Product Hunt Global Hackathon.
Zac McClureCo-Founder & CEO
Financial accountant with an MBA from the Wharton School with a background in impact investing and accounting.
Best for:US crypto tradersActive DeFi and NFT investorsFilers needing professional CPA support
Pros and cons
Pros
- Over 100 exchange, wallet, and blockchain integrations
- Direct one-click export into TurboTax, H&R Block, and TaxAct
- In-house accounting team available to prepare and file returns
- Handles DeFi liquidity pools, bridge transfers, and NFT royalties
- Built-in tax-loss harvesting dashboard for real-time loss tracking
Cons
- Tax reporting focuses primarily on United States IRS rules
- DeFi edge cases can require manual reconciliation or CSV editing
- Full-service CPA preparation adds separate professional service fees
Our review
3.8/5
Good
TokenTax pairs automated crypto tax software with full-service accounting support, but its 100+ native integrations require manual work for less common chains.
TokenTax operates as both a crypto tax software platform and a full-service tax preparation practice. Founded in 2017 by Alex Miles and Zac McClure after winning the Product Hunt Global Hackathon, the firm focuses heavily on United States tax reporting. It imports data from more than 100 exchanges, wallets, and blockchains using read-only API keys and wallet addresses, alongside dedicated imports for platforms like Polymarket.
The software handles calculations across centralized exchanges, DeFi protocols, and NFT marketplaces, tracking operations such as staking, liquidity pools, cross-chain bridges, and mints. Users receive real-time calculations distinguishing short-term from long-term capital gains, alongside an interactive tax-loss harvesting dashboard designed to spot unrealized losses. Generated reports export directly into TurboTax and H&R Block, or export as IRS-ready Form 8949 and 1099-DA summaries.
A core differentiator is the optional full-service accounting tier. Unlike standalone calculation engines, TokenTax employs human accountants who can manually reconcile transaction discrepancies and file completed returns directly on behalf of clients. This provides an escalation path when automated transaction categorization breaks down.
However, the platform has clear trade-offs:
- Native integrations stand at 100+, which is relatively limited compared to platforms supporting hundreds of chains, meaning users on newer networks must rely on manual CSV imports.
- The software focuses strictly on US filing frameworks such as Form 8949. As a result, it is poorly suited for individuals filing exclusively under non-US tax regimes.
- Users with complex DeFi trails must pay for higher-tier professional review plans to resolve broken transaction strings.
TokenTax is well-suited for US-based crypto investors and DeFi users who prefer handing unformatted transaction histories to an in-house accounting team. Investors seeking cheap, self-service automated filing across obscure blockchains may prefer a platform with broader native chain support.
Sources (1)
Specs
| Tax reports for | United States |
|---|---|
| Exchange & wallet integrations | 100 |
| DeFi & NFT support | Yes · unverified |
| Reports produced | Form 8949, 1099-DA |
| TurboTax export | Yes |
| Accountant portal | Yes · unverified |
| Tax professional support | Yes · unverified |
Not disclosed by the provider: Free plan, Paid plans from (per tax year), Mobile app, Free trial.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
Exchange and wallet sync
Connects to more than 100 exchanges, self-custodial wallets, and blockchains using read-only APIs and public addresses.
Filing software export
Exports calculated capital gains and income data directly into TurboTax, H&R Block, and TaxAct.
DeFi and NFT classification
Tracks complex on-chain events including liquidity pool positions, bridges, staking yield, and NFT royalty distributions.
Tax-loss harvesting
Monitors unrealized losses across integrated accounts to help users identify tax offset opportunities before year-end.
In-house CPA filing
Offers full-service tax preparation where accounting professionals reconcile ledgers and file complete returns.
Audit-ready reporting
Produces IRS Form 8949, Schedule D, and 1099-DA documentation alongside prior-year amended return filings.
Inside TokenTax
Crypto Tax Software
The self-service software imports transactions across 100+ integrations, automatically categorizes transfers, and generates tax-loss harvesting calculations.
Full-Service Crypto Accounting & Tax Filing
A full-service advisory offering where human accountants manually reconcile missing transaction data, optimize cost bases, and prepare complete tax returns.
TokenTax screenshots
What users say about TokenTax
There is insufficient user feedback to establish common themes regarding TokenTax, with only a single mention noting network support and functional performance.
Based on 2 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 TokenTax? Share your experience below.
FAQ
Who founded TokenTax?
TokenTax was founded in 2017 by product designer Alex Miles and financial accountant Zac McClure, who serves as CEO.
What tax forms does TokenTax produce?
TokenTax produces IRS Form 8949, Form 1099-DA summaries, and Schedule D reports. It also generates direct data exports for TurboTax, H&R Block, and TaxAct.
Does TokenTax take custody of crypto funds?
No, TokenTax operates strictly through read-only API connections and public wallet addresses. It cannot initiate transactions or move user funds.
Can TokenTax file crypto taxes for you?
Yes, TokenTax operates a full-service accounting firm alongside its software. Its CPAs can reconcile messy transaction data, calculate liabilities, and file state and federal returns.
Does TokenTax support DeFi and NFTs?
Yes, TokenTax categorizes staking, liquidity pool provisions, bridging, mints, and NFT royalties across supported blockchains.
Latest from TokenTax on X
A $1m crypto gain costs about $133k in california state tax. $0 in florida or texas.
But moving only works if you actually move. license, voter registration, bank, doctor.
A lease and a plane ticket won't survive a residency audit.
But moving only works if you actually move. license, voter registration, bank, doctor.
A lease and a plane ticket won't survive a residency audit.
Carryforward losses are the only true free lunch.
Happy tax day :)
We made it. On to the extension deadline.
We made it. On to the extension deadline.
Need to do your @Polymarket taxes?
Our integration is live!!
Our integration is live!!
Recent public posts from @tokentax, shown as published. Not reviewed or endorsed by CryptoReview.
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