Table of Contents
ZenLedger Review 2022
Filing your taxes can be confusing and time-consuming, especially if you’re dealing with cryptocurrencies but fear not, this ZenLedger Review looks to provide clarity.
If you’re like most people, the thought of filing your taxes makes you feel anxious and overwhelmed. You probably don’t have time to research all of the different options out there, and even if you did, it’s hard to know which one is right for you.
ZenLedger is the perfect solution for crypto tax filing. It’s easy to use, it’s affordable, and it offers a wide range of features that will make tax season much less stressful. All these will be discussed in this ZenLedger Review.
When to use ZenLedger
When it comes to taxes, crypto can be a complicated subject. There are a lot of different rules and regulations that you need to keep track of, and if you’re not careful, it’s easy to end up owing more money than you actually have.
That’s where ZenLedger comes in. ZenLedger is a crypto tax accounting software that takes the hassle out of tax season by doing all the math for you. In just a few minutes, you can have your tax forms filled out and ready to go.
And best of all, ZenLedger is always up-to-date on the latest changes in the tax world, so you can be confident that you’re getting the most accurate information possible. So if you’re looking for a way to save time and stress during tax season, look no further than ZenLedger software.
If you’re looking for even more advanced features, such as crypto tax-loss harvesting and integrations with traditional tax software, ZenLedger has got you covered. So why wait? Get started on your US crypto taxes today!
How ZenLedger works
The platform uses blockchain technology to provide a secure and transparent way to track digital currency assets.
ZenLedger also offers tax reporting features, allowing users to file their capital gains taxes with the IRS in a compliant manner.
ZenLedger can be used to calculate your crypto taxes if your country follows HIFO, FIFO, or LIFO for calculating capital gains but it currently provides tax reporting features for US clients.
The platform is available in both English and Spanish, and it integrates with all exchanges including Coinbase, Binance, Coinomi, and DeFi wallets. In addition, ZenLedger offers customer support via email and live chat.
ZenLedger is one of the most popular cryptocurrency accounting and tax software platforms. And there are good reasons for its popularity. Below are some of the pros of using ZenLedger.
- First, it is very user-friendly with a simple dashboard. The platform has a clean and intuitive interface that makes it easy to use, even for those who are not familiar with cryptocurrency accounting. This crypto tax software provides a variety of features and tools to meet your needs and provides US clients with relevant tax forms.
- Second, it is very affordable. It is free to sign up and there are no monthly fees on the FREE plan.
- Third, it is very reliable. The platform uses industry-leading security protocols to ensure that your data is safe and secure.
- Fourth, it is very comprehensive. The platform supports all crypto exchanges and wallets and has direct integration with more than any other crypto tax software.
- A cool feature from ZenLedger is the tax-loss harvesting tool which tells you which coins are down in value and have unrealized losses. This allows you to consider selling coins that are down in value to offset this loss against your gains with the view of reducing your tax liability.
- Lastly, the team behind ZenLedger is very responsive and helpful. They are always willing to help users with any issues or questions they may have. Experienced tax professionals ensure that Zenledger crypto tax software is the perfect crypto tax tool for crypto tax reports, tax loss harvesting, and capital gains this tax season. This tool will make it very easy to prepare and pay taxes for all of your crypto wallets and even DeFi protocols.
There are a few ZenLedger cons to be aware of before using the software.
- First, it can be difficult to find your ZenLedger account if you forget your ZenLedger login information.
- Second, some users have found the ZenLedger interface confusing and overwhelming, especially in the beginning.
- Thirdly, if you live outside of the US you may consider other crypto tax software such as Koinly and TokenTax as better options due to the number of countries they support.
Overall, ZenLedger is a powerful tool for tracking cryptocurrency portfolios, but it is important to be aware of its limitations before using it. For investors and tax professionals that need to report crypto gains and want to save time and potentially save money with a tax loss harvesting tool then ZenLedger could be a good option for you.
Features of ZenLedger
When it comes to crypto tax accounting, one of the best features of ZenLedger is the high level of customer support that is available.
Whether you need help understanding how the software works or have questions about uploading your cryptocurrency transactions via API or CSV, the customer support team is always ready and willing to assist you to make the most of this cryptocurrency tax software.
And because full, premium support is available to all users, you don’t have to worry about paying extra if you need assistance specific to your crypto portfolio from a team that provides good customer support.
This makes ZenLedger an ideal entry point for those new to the world of cryptocurrency taxes with tax prep.
TurboTax is the biggest and most popular tax preparation software in the US, so it’s no surprise that ZenLedger has integrated with it as an official turbotax partner.
TurboTax is even offering a special discount to ZenLedger users this year. So if you’re looking for an easy and convenient way to file your taxes, be sure to check out ZenLedger.
How Much is ZenLedger?
ZenLedger understands that crypto users come from all walks of life and that everyone has different needs when it comes to their accounting and taxes. That’s why they offer a variety of different account types on their crypto tax software platform. Whether you’re a beginner who is just getting started with crypto or an experienced trader who has been around for years, they will have an account tier that will fit your needs.
They also offer enterprise accounts for businesses and institutions.
If you’re just getting started with cryptocurrency, ZenLedger’s Free plan may be a good fit for you. You’ll be able to import up to 25 crypto transactions into the software, and you can still download all of your tax documents. Premium customer support is also available.
However, keep in mind that advanced crypto use cases like staking, DeFi and NFTs are not supported. If you need more than 25 transactions per year, you can upgrade to the Starter plan for $49. This plan allows you to import up to 100 transactions per year.
Whether you choose the Free or Starter plan, ZenLedger can help you simplify your crypto taxes.
ZenLedger offers two account tiers to users: Premium and Executive. Premium users are able to import up to 5,000 trades for $149 per year. while there is no limit on the number of transactions that can be imported for Executive plans which cost $399 per year.
Lastly, margin trading allows users to trade with leverage, allowing them to amplify their gains (or losses). If you’re interested in any of these features, be sure to sign up for one of their premium plans!
Tax Professional Prepared Plans
If you’re not comfortable handling your taxes on your own, ZenLedger can put you in touch with a certified tax professional who can help.
They have three options available
- A consultation plan includes 30 mins consultation for $295
- The single-year tax report starts at $3500
- Multi-year tax report starts at $6500
Staking is a great way to earn rewards on your crypto holdings, and they offer support for a variety of popular staking networks.
Frequently Asked Questions
Is ZenLedger Good for Beginners?
For starters, new investors in the cryptocurrency space will be happy to know that ZenLedger can interface with all major exchanges. This is key, as it means that users will not have to go through the process of manually inputting data – a time-consuming task that is can dissuade many people from even attempting to file their taxes on digital assets.
Furthermore, ZenLedger automates a lot of the complex calculations involved in crypto taxation – something that would otherwise be very daunting for newcomers.
Finally, the customer support team is extremely responsive and knowledgeable, meaning that users will always have someone to turn to if they have any questions or need help getting started.
What’s the Sign-Up Process?
ZenLedger believes that crypto accounting should be simple and easy to understand – no matter how complex your financial situation may be. That’s why they’ve designed their sign-up process to be quick and straightforward.
To get started, simply click the “Get Started for Free” button in the top-right corner of the homepage. On the next page, you’ll be asked to enter an email address and password to create your account. Although, you also have the option of logging in via your Coinbase or Google accounts.
What Countries are Supported?
While ZenLedger currently only offers explicit support for tax documents in the United States, users in other countries can still benefit from the platform’s ability to calculate taxes owed in other jurisdictions.
This app supports more than 140 different fiat currencies, and any country that uses the HIFO, FIFO, or LIFO methods can be supported. In addition, the app provides a variety of helpful features, such as the ability to import data from major exchanges and wallets, and it provides step-by-step guidance on how to file your taxes.
In addition, the team is actively working on expanding the platform’s capabilities to include support for more countries and jurisdictions. As a result, ZenLedger is quickly becoming the go-to solution for anyone looking to simplify the complex world of cryptocurrency taxes.
ZenLedger Exchanges- Which Are Supported?
If you’re looking for a comprehensive crypto tax tracking solution, ZenLedger is definitely worth checking out. They support more than 400 cryptocurrency exchanges with forty different blockchains including twenty DeFi projects – far more than any other app on the market. And what’s even better is that they offer automated support for all of these exchanges via APIs.
This means that you can rest assured that your transactions will be tracked accurately and efficiently. So if you’re looking for a one-stop shop for all your crypto tax needs, look no further than ZenLedger.
Prominent exchange supported are:
The biggest dealbreaker that is potential for ZenLedger’s cryptocurrency tax reporting software is that the documents that can be downloaded from the platform are only useful to those who are operating in the United States.
Anyone who has ever done their taxes knows that they can be confusing and complex. Now add in the fact that you are trying to figure out how to calculate taxes on your crypto trading activities, and it can be even more daunting. This is where ZenLedger comes in. They are a crypto tax software platform that offers a range of tools to help you calculate your taxes.
It’s important to choose the right tax preparation service for your needs. If you’re only dealing with a small number of transactions and a limited amount of assets, then the entry-level account might be enough for you. It’s important to remember that certified professionals can help you maximize your deductions and credits, so even if you’re paying a bit more upfront, you could end up saving money in the long run. Ultimately, the decision comes down to what’s best for your financial situation.
ZenLedger Review: Conclusion
Are you ready to take your cryptocurrency portfolio to the next level? If so, then you need ZenLedger. ZenLedger is an innovative new service that gives users complete control over their cryptocurrency taxes.
With ZenLedger, you can track your portfolio performance, calculate your taxes, and even file your return – all in one easy-to-use platform.
And best of all, ZenLedger is free to use up to 25 transactions! So if you’re looking for a better way to manage your cryptocurrency taxes, then be sure to check out ZenLedger today.
This post contains affiliate links. If you use these links, we may earn a commission.
That concludes our ZenLedger review. Here are some other reviews you might enjoy;