Best Crypto Tax Software for NFTs and DeFi in 2025
By Eli Mercer • Last updated: January 2025
Trying to figure out crypto taxes in 2025 feels like decoding quantum physics—especially if you’ve been active in NFTs, staking, or DeFi all year long. With new IRS regulations, more wallets than you can count, and a full deck of flipping, farming, and airdrops… it’s a mess out there.
As someone who’s neck-deep in testing AI and SaaS tools for creators, solopreneurs, and crypto-native founders, I get it. You don’t need more fluff. You need something that just works—without making you want to spike your hardware wallet through the wall.
Today, I’m reviewing what I believe is the #1 crypto tax software for NFTs and DeFi in 2025: CoinLedger.
Why Are Crypto Taxes Harder in 2025?
Here’s the cold truth: The IRS has finally caught up to DeFi and NFTs. Whether you’ve earned staking rewards, traded a hundred JPEGs on OpenSea, or LP’d tokens in Uniswap… it’s all taxable now.
The problem? Traditional tax software wasn’t built for this stuff. Manually entering Etherscan spreadsheets feels like punishment. Accounting for NFT royalties, DeFi gas fees, or cross-chain transactions can spiral into hours of frustration—and a high risk of being wrong.
You don’t just need software that pulls your trades. You need a tool built from the ground up for NFTs, smart contracts, DeFi yield farming, staking rewards, and on-chain chaos.
What to Look for in a Crypto Tax Tool (If You’re Knee-Deep in NFTs and DeFi)
Here’s what matters in 2025 when picking a crypto tax solution:
- DeFi/NFT Compatibility: Parse on-chain actions like LPing, swaps, royalties, and mints automatically
- Smart Wallet + Exchange Integrations: Connect MetaMask, Ledger, Coinbase, OpenSea, Uniswap, and more
- TurboTax & H&R Block Integrations: Seamless export to your filing software or tax pro
- Audit-Ready Reports: IRS-compliant with Form 8949, Schedule D, full gain/loss breakdown
- Tax-Loss Harvesting: Auto-detect unrealized losses to optimize your taxable footprint
Let’s put the top three players to the test—with a real focus on DeFi and NFTs.
2025’s Best Crypto Tax Softwares Compared
1. CoinLedger
✅ Best for NFT Flippers, DeFi DGens, and Serious Crypto Investors
Why I love it: CoinLedger was built for this era of crypto. It doesn’t choke when you show it 5 NFT mints, yield from Curve, and an avalanche of gas fees. It just works.
- ✅ Supports 10,000+ cryptos, exchanges, wallets
- ✅ Detects DeFi income, staking, liquidity pool rewards
- ✅ NFT-specific support: mints, sales, creator royalties, swaps
- ✅ Accountant access, tax-loss harvesting, and portfolio tracking
Starting at $49 – and you don’t pay unless downloading reports.
2. Koinly
👶 Best for Beginners Who Dabble in Crypto
Koinly is easy to use and great for getting started. But once you throw complex DeFi or NFTs into the mix? Things can get manual. NFT support is limited and often needs corrections by hand.
- 👍 Solid for exchange-based trading (Binance, Coinbase, etc.)
- ⚠️ Manual fixes needed for smart contract-based actions
Starts at $49, but feature gaps for complex users.
3. TokenTax
💼 Best for High-Income Investors Who Want Full CPA Service
TokenTax leans heavily into filing your return for you—CPA and white-glove included. Great if you’re handling millions or IPO-level capital gains. Less ideal for regular investors or creators looking for a SaaS solution.
- 👍 Premium support with hands-on tax pros
- ⚠️ Expensive: plans start at $65/month
Why CoinLedger Is the Best Tax Software for NFTs & DeFi in 2025
Let’s break down why CoinLedger stands out:
- DeFi Deep Support: From staking on Lido to LP farming in Curve, it auto-classifies on-chain income and distinguishes earnings vs capital gains.
- NFT Handling Done Right: Whether you’re an artist collecting royalties or flipping mints, CoinLedger parses every smart contract interaction—from mint-to-sale, including gas and fees.
- Reports That Just Work: TurboTax, H&R Block, CPAs. Use whichever path fits your tax filing style—CoinLedger’s files plug right in.
- Wallet Integrations Galore: Easily connect MetaMask, Ledger, Coinbase, Kraken, OpenSea, Uniswap, Sushi, and more.
Straight From Real Users: How CoinLedger Performs
Here’s what actual users are saying:
“Turned my tax nightmare into a 30-minute job. NFT trades were logged perfectly. I even found $1K in tax loss harvesting credits I wouldn’t have seen.” – Trustpilot Review
“Used it with TurboTax and got my return filed in under 2 hours. CPA told me the reports were audit-proof.” – Reddit User
I personally ran two test cases:
Case 1: NFT Creator on OpenSea
- Imported all mints, sales, and royalties
- Auto-classified Ethereum receipts + fees
- Generated IRS forms in 10 mins
Case 2: DeFi Yield Farmer
- Connected MetaMask with Curve, Aave interactions
- Captured staking, LP rewards, swaps
- Auto-calculated income vs gains with cost-basis
In both cases, CoinLedger nailed it.
How to Use CoinLedger for NFT & DeFi Taxes (Step-by-Step)
- Sign Up Free at CoinLedger.io
- Connect your wallets & exchanges: MetaMask, OpenSea, Coinbase, Ledger, and more
- Review imported transactions: Auto-detected trades, income, and losses
- Generate tax forms: Form 8949, Schedule D, and more
- Export to TurboTax or hand off to your CPA
Pricing That Actually Makes Sense
- 💰 Free Plan: Import and preview all data—pay only when you download tax reports
- 📊 Paid Tiers: $49 for 100 transactions, $99 up to 1,000, $199 unlimited
- 👨💼 Done-For-You: From $600 if you want expert white-glove handling
You only pay when you’re ready to file, which makes it zero-risk to start. Plus, the ROI from tax-loss harvesting alone can cover the entire fee.
Conclusion: Is CoinLedger Worth It?
If you’re still managing crypto taxes manually in 2025—you’re leaking time and risking IRS mistakes.
CoinLedger is the most complete solution for NFT traders, DeFi investors, and anyone active on-chain. From mint to airdrop to staking pool, it has your back.
FAQs: Crypto Tax Software for NFTs + DeFi in 2025
Do I need to pay taxes on NFTs in 2025?
Yes, NFT sales, mints, and royalties are all taxable events. Holding personal NFTs may not be taxed, but sales on marketplaces like OpenSea or Blur are full capital gains or income events.
How do I report DeFi staking or farming income?
Staking rewards, liquidity mining, and yield farming are usually treated as ordinary income when received—at their USD value on that day. CoinLedger auto-detects these and assigns the correct classification for tax purposes.
Does CoinLedger work with Uniswap, Aave, and OpenSea?
Yes, CoinLedger supports thousands of DeFi protocols and NFT platforms, including Uniswap, Aave, Compound, Sushiswap, OpenSea, and more.
Can I export to TurboTax and CPA software?
Absolutely. CoinLedger exports in formats compatible with TurboTax, TaxAct, H&R Block, and tax professional tools so you can file using whichever method suits you best.
How much does CoinLedger cost?
Plans start at $49 depending on volume, with a completely free trial. You only pay when you’re ready to download tax reports.
If you’re even remotely active in NFTs or DeFi, trying to handle your crypto taxes manually is a risk not worth taking. Take the smarter route—