In our previous articles about cryptocurrency tax calculators, we mentioned the importance of proper tax calculations, because you know that old saying: there are only two things you have to do in life: die and pay taxes.

ZenLedger is another popular solution for crypto traders when managing their crypto taxes and this ZenLedger.io review will go through all major features and competitive advantages Zen Ledger has to offer.

So, let’s dive right into it – Zenledger review, off we go.

In a word – a crypto tax calculating tool that integrates with leading crypto exchanges and wallets to gather trading data and automatically calculate and create crypto tax reports. It also offers a seamless integration with traditional tax calculators like TurboTax streamlining the whole reporting process directly to IRS.

Zenledger works with all major crypto and fiat currencies like Bitcoin, Ethereum, Litecoins, Dollars, Euros, Pounds Sterling, Yen – and all the others. The platform is considered a tax-loss harvesting tool.

ZenLedger has made sure to tailor its tool to fit CPAs and professional accountants as well, making it easy to handle multiple clients from one IRS-friendly interface. It offers tax forms as well.

As for the individual users, Zenledger didn’t forget any type of crypto user profile: anyone from regular hodlers to day traders, miners or stakers can use the tool to calculate their bitcoin taxes.

As you would expect it from this type of a tool, Zenledger offers tiered packages aimed at users with different preferences. The packages are classified by two criteria:

The lowest pricing package is set at $69 for those who have less than 100 crypto transactions and up to $15k in asset value. The biggest package is set at $999 and has no limits whatsoever, not in transaction number nor in asset value.

As for the features included, they are all the same for all pricing tiers and include:

One additional service that Zenledger offers over its competitors is the complete, done for you tax preparations. The Zenledger team will connect you to a crypto tax professional (Tax Attorney, Accountant CPA, and/or Enrolled Agent) to get your cryptocurrency taxes done quickly and easily with the smartest tax strategies. All fully prepared plans include 1040 and all schedules.

Zenledger integrates with anything relevant in the world of cryptocurrency exchanges and crypto wallets. And they keep adding more integrations by week. List of supported major exchanges is shown on the image.

Below are some of the popular wallets that are supported (in case of multi-coin wallets, not all coins are supported as Zenledger currently supports only these blockchains: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH & ERC-20), Ethereum Classic (ETC), Ripple (XRP), Dash (DASH), Litecoin (LTC), NEO, EOS,  Dogecoin (DOGE).

One of the downsides of ZenLedger’s role as a solid crypto tax tool for beginners is that localized tax documents are only supported for users in the United States.

Getting started is really easy as you only need to go to ZenLedger.io and click on SignUp button which will lead you through a standard account opening procedure. You can also sign up with your Coinbase or Google account.

Once you are in, you will be met with a clean interface that is very easy to understand and use.

You have couple of options to import your trading history:

You can invite your CPA and grant him an access to your ZenLedger data in 4 easy steps:

If you don’t have your own CPA, ZenLedger can help you with that as well – they can introduce you to crypto specialized CPAs that are already familiar with the crypto taxing subject matter and the ZenLedger app.

ZenLedger is following all best practices from the cyber security industry and has had no issues with data breaches in its history. Most important thing to remember is that Zenledger has no access to your funds – it only has viewing rights on your exchanges so it can collect the needed data. Nevertheless, your Zenledger account can be protected with a 2FA layer of protection, all data is transmitted with SSL encryption and you can turn on email notifications on login and other account actions.

Very fast and friendly. You have a chat button on their site where you can ask any question and get an answer almost instantly. Another route to support you can take is via standard email ticket system.

Additionally, their knowledgebase is huge and in combination with their blog, offers a huge pool of useful information around cryptocurrency taxing.

Main competitors of ZenLedger are listed below. We reviewed all of them and can safely say that crypto tax tools are a neck and neck race with all tools following each other in a lockstep when it comes to features and pricing.

Use this code: AFFILIATE2 to get 20% when purchasing your Zenledger license.

ZenLedger is a bit more pricey in comparison to its main rivals: CryptoTrader.Tax or Cointracking.info. However, it does go above and beyond for its customers: starting with their stellar support to added features like “done for you taxes” or invite your own CPA. This and constant adding of new exchanges and wallets that can be imported directly into the tool make it a serious contender for the tile of the best cryptocurrency tax software.

The post ZenLedger Review 2022 – Automatic Cryptocurrency Tax Calculator (+ Coupon Code) appeared first on CaptainAltcoin.

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