Tax season doesn’t have to feel like crypto winter. If you’re deep into DeFi or flipping NFTs for fun (or profit), you’ve probably realized filing taxes on these transactions is anything but simple. Trust me, as someone who juggles multiple wallets across chains and side hustles, I’ve been there. That’s why I went hands-on with CoinLedger—to see if it actually makes crypto tax season less painful.
Why CoinLedger for DeFi and NFT Taxes?
If you’re hunting for the best crypto tax software that truly understands the chaos of DeFi and NFT transactions, CoinLedger is built for you. While other platforms focus on just CEX trading or don’t fully support NFT metadata, CoinLedger goes deeper. Here’s why I chose them for my own 2025 tax prep:
- Supports 10,000+ cryptocurrencies, DeFi protocols, and NFT platforms
- Syncs over 500 wallets and exchanges—no more spreadsheets
- Flags missing cost basis data for full audit-readiness
- Lets you invite your accountant directly to your dashboard
- Generates IRS-ready tax forms in under 15 minutes
Whether you’re yield farming on Arbitrum, holding gaming NFTs, or self-custody DeFi bags across five chains… CoinLedger makes it click-and-go easy. And no, this isn’t one of those tools that makes you pay monthly either—it’s a one-time fee per tax year.
Step-by-Step: How to File DeFi and NFT Taxes with CoinLedger (2025)
Here’s the exact process I followed to file my crypto taxes using CoinLedger for 2025, with DeFi and NFT tracking turned on:
Step 1: Create a Free Account
Head over to CoinLedger.io and set up your free account. No credit card required. Immediately you can start importing and organizing your crypto data before ever paying a dime.
Step 2: Connect Wallets and Exchanges
Click “Import Transactions” and sync all crypto sources. I connected MetaMask, Coinbase, and my Trezor wallets. CoinLedger supports over 500 integrations including:
- MetaMask (Ethereum, Arbitrum, BNB, etc.)
- OpenSea, Blur, Magic Eden (for NFT trading)
- DeFi platforms like Uniswap, Aave, Sushi, PancakeSwap
- Major exchanges like Binance, Kraken, Coinbase Pro
Everything populated in less than 5 minutes. I did have to re-label a couple NFT transfers, but they flagged it which made it easy to fix.
Step 3: Review Your Transactions
Once all wallets are synced, CoinLedger pulls your full transaction history—swaps, bridges, minting, staking rewards, and NFT sales. You can filter by type to double-check everything is categorized right. I loved that it picked up my airdrops automatically. 🔍
Step 4: Fix Any Errors or Missing Cost Basis
CoinLedger’s unique transaction flagging tool showed I was missing cost basis on 3 NFT trades. With two clicks, I linked the missing data from a previous wallet. Clean and simple—even for messy DeFi bookkeeping. No tax law PhD required.
Step 5: Generate Your Tax Forms
Once you’re happy with your transaction review, you can generate:
- IRS Form 8949 + Schedule D
- TurboTax, TaxAct, and TaxSlayer-ready docs
- International tax reports (UK, Canada, Australia)
This is when you pay for the report—starts at $49 for up to 100 transactions. If you’re active in DeFi/NFTs like me, it’s more likely you’ll pay around $99–$149 for the year. Still miles cheaper than hiring a crypto CPA or guessing on your own.
DeFi & NFT Tax Reporting with CoinLedger: Real Benefits
Here’s what sets CoinLedger apart, especially for active DeFi users and NFT collectors:
- Transaction Smart Tagging: Income from staking, liquidity mining, airdrops, NFT sales is auto-categorized
- DeFi Protocol Support: Covers Uniswap, Curve, Aave, PancakeSwap, GMX, and more
- NFT Metadata Integration: Pulls collection names, token IDs, floor pricing from OpenSea and Magic Eden
- Private Accounting: Share read-only reports with your CPA without downloading spreadsheets
How Accurate is CoinLedger?
I compared final tax calculations against my self-tracked spreadsheet, and it was accurate down to the penny—except a couple obscure NFT contracts that needed manual tagging. But I’ll take 98% automation over spreadsheets any day.
Is CoinLedger Worth It?
Yes, absolutely. If you’ve earned, swapped, staked, or flipped anything onchain in 2024, you owe it to your sanity to automate your crypto taxes in 2025. CoinLedger impressively balances support for complex activity with click-easy reporting.
FAQs About Filing DeFi and NFT Taxes with CoinLedger
Q: Does CoinLedger support NFTs?
Yes. It fully supports NFT trading on Ethereum, Solana, Polygon and more. You can pull in OpenSea, Blur, LooksRare, and Magic Eden activity.
Q: Can I file international taxes?
Yes. CoinLedger supports tax formats for the US, Canada, UK, Australia, and others.
Q: What happens if I miss a transaction?
CoinLedger will flag missing cost basis issues and guide you to fix them, so you can file without errors.
Q: Does it work with hardware wallets?
Yep. You can sync Ledger, Trezor, and cold wallets by entering public wallet addresses.
Q: Is CoinLedger secure?
Yes. All data is secured with bank-grade encryption. Your private keys are never needed.
Final Verdict: CoinLedger is the Easiest Way to File DeFi and NFT Taxes in 2025
After running it through multiple wallets, NFT markets, DEXs, and yield platforms, I can confidently say: CoinLedger just works.
For solo investors, active NFT traders, or CPAs handling crypto clients—this is the most intuitive and affordable tool I’ve tested. Skip the stress and stay above board. You don’t need to be a blockchain tax expert when you’ve got CoinLedger doing the grunt work.
Until next time—file smart, stay ahead, and don’t sleep on DeFi taxes 😉