Best Crypto Tax Software for Kraken 2026

Summary: What's the best tax software for crypto investors?

Here's why CoinLedger is the best option for Kraken users looking to generate a crypto tax report in minutes. 

• Easy to use interface: CoinLedger's user interface is considered the most beginner-friendly on the market. CoinLedger is highly-praised on sites like Trustpilot for being easy to use, even for investors who've never filed their crypto taxes before.
• Error reconciliation tools: CoinLedger has state of the art error reconciliation tools, showing you errors in your tax report and allowing you to fill in missing data before you file with the IRS.
• DeFi coverage: Want to calculate your DeFi taxes? CoinLedger allows you to automatically import transactions from hundreds of protocols, allowing you to calculate your gains and losses.

Want to see if CoinLedger is right for you? Get started with the platform for free and get started importing 600+ wallets and exchanges. There's no need to pay until you want to download your tax report.

Get started with a free account today.

5 best crypto tax platforms for Kraken 

1. CoinLedger: Best Overall

CoinLedger is the most comprehensive crypto tax software and portfolio tracker on the market, designed specifically for investors who want accurate reporting without the hassle. It automatically imports transactions from Kraken and over 600 other wallets and exchanges, calculates your gains, losses, and income and generates complete tax forms in minutes.

Prices: Free to start, $49-$199 for tax reports

Pros:

• Kraken integration with automatic imports via CSV or API
• Support for hundreds of wallets, exchanges, and DeFi protocols 
• Clean, intuitive interface that's easy for beginners
• Affordable prices (cheapest tax report at $49 for up to 100 transactions)
• Supports complex scenarios like NFTs, staking, and margin trading
• Generates IRS-ready forms (Form 8949, Schedule D, and more)
• Excellent customer support for all customers, premium option to get your taxes Done for You by a CoinLedger expert 
• Built-in error reconciliation catches issues before filing

Cons:

• Does not accept crypto for payment
• Done For You can be pricy, but most investors can stick to tax reports 

2. CoinTracker

CoinTracker is a great choice if you're sticking to centralized exchanges. However, prices can increase quickly for users with a significant amount of transactions.

Prices: $59 (up to 100 transactions), $199 (up to 1,000), $599 (up to 10,000)

Pros:

• Real-time portfolio tracking with live price updates
• Clean user interface
• Direct integrations with major exchanges including Kraken
• Automatic categorization of most common transaction types

Cons:

• Pricing jumps significantly at higher transaction volumes
• Multi-chain DeFi support lags behind CoinLedger
• Less robust error detection and reconciliation tools
• Customer support can be slow during peak tax season

3. TokenTax

TokenTax is a great choice for high volume traders. The platform focuses on CPA services, which can be helpful if you need professional tax assistance (but may be too expensive for most investors).

Prices: $65 (basic), $199 (mid-tier), up to $1,999+ (heavy traders with 20,000+ transactions)

Pros:

• Professional tax support options with CPA review available
• Handles extremely high transaction volumes (50,000+ transactions)
• Strong support for margin trading and derivatives
• Advanced features for day traders and active investors

Cons:

• Not ideal for typical Kraken users with moderate activity
• Interface feels more complex than necessary 
• CPA services are expensive 

4. ZenLedger

ZenLedger is a crypto tax platform founded in 2017. However, it’s faced criticism for its difficult-to-use interface. 

Prices: $49 (up to 100 transactions), $199 (up to 5,000), $399 (up to 15,000)

Pros:

• Comprehensive support for diverse transaction types
• Good multi-chain DeFi protocol coverage
• Portfolio tracking across multiple platforms

Cons:

• Pricing increases significantly for larger portfolios
• Interface can feel cluttered
• Some users report sync issues with certain exchanges
• Customer support response times vary during busy periods

5. Koinly

Koinly is well known for its easy-to-use interface and support for international users. However, Koinly has faced criticism because of its error reconciliation process. Users have reported spending significant time manually fixing errors on their tax returns. 

Prices: $49-$199 depending on transaction volume

Pros:

• Simple setup process with quick onboarding
• Broad exchange support (500+ platforms)
• Competitive pricing 

Cons:

• Weak error reconciliation leads to miscategorized transactions
• Rushed integrations often cause calculation errors

Why you need crypto tax software like CoinLedger

While Kraken provides tax forms like Form 1099-MISC and Form 1099-DA, they can be inaccurate. That’s why users turn to platforms like CoinLedger. 

Here's what Kraken doesn't do:

• Track cost basis across platforms: If you transferred crypto into Kraken from Coinbase, MetaMask, or another wallet, Kraken won't provide accurate estimates of your capital gains and losses.
• Include off-platform activity: Traded on multiple exchanges? Used DeFi protocols? Kraken only knows about transactions that happened on their platform. Any trades, swaps, or income earned elsewhere won't show up in their exports.
• Generate actual IRS forms: You report your capital gains and losses on forms like 8949 and Schedule D. Kraken gives you transaction data, but you're still responsible for converting that into properly formatted tax documents.

Crypto tax software can generate complete tax forms based on your activity across all of your wallets and exchanges. 

Why is my Kraken tax form inaccurate? 

Many Kraken users discover discrepancies when they compare their exchange exports to what crypto tax software calculates. Here’s why this happens. 

Missing cost basis information

When you transfer cryptocurrency into Kraken from another exchange or wallet, Kraken doesn't receive any information about what you originally paid for those coins. They only see the deposit transaction.

Let's say you bought Bitcoin on Coinbase for $30,000, held it for six months in a cold wallet, then transferred it to Kraken and sold it for $45,000. Kraken's records show a sale of Bitcoin for $45,000, but they have no record of your $30,000 cost basis. 

Without dedicated tax software that tracks your complete transaction history across all platforms, you might end up overpaying taxes or providing incomplete information to the IRS.

What should I look for in crypto tax software? 

Exchange integration and accuracy

Look for software that connects seamlessly with Kraken through API integration or accepts comprehensive CSV imports. The integration should pull all transaction types: trades, staking rewards, deposits, and withdrawals. Most importantly, it should include robust reconciliation tools that catch errors before you file.

Transaction volume support

Check the transaction limits for each pricing tier. If you're an active trader with thousands of transactions, you need software that can handle your volume without breaking the bank. For example, CoinLedger covers up to 100 transactions for $49, up to 1,000 for $99, and up to 3,000 for $199.

Support for complex scenarios

If you're involved in activities like DeFi, margin trading, and NFTs, make sure your tax software explicitly supports them.

Form generation and filing options

The software should generate complete IRS forms, Form 8949, Schedule D, and Form 1040, ready to attach to your tax return. Ideally, your platform should allow you to export your tax report to popular tax filing platforms like TurboTax, H&R Block, or TaxAct.

Customer support and accuracy guarantees

Filing your crypto taxes can be stressful. That’s why many investors use customer support offerings to help guide them through the process. Look for platforms with dedicated support teams and detailed Help Center documentation. 

Get started with CoinLedger

CoinLedger stands out as the best overall choice for Kraken users because of its beginner-friendly interface and affordable prices. That’s part of the reason why CoinLedger is trusted by 700,000+ investors around the globe. 

Get started with a free account today.