Is Zenledger the BEST Crypto Tax Software? — My Honest Review
Are you looking for an easy-to-use crypto tax software that can save you time and money? If so, then Zenledger might be the perfect solution for you. In this review, I’ll discuss Zenledger’s features and user experience, compare it to other crypto tax software options on the market, and answer the question: Is Zenledger the BEST crypto tax software? So let’s dive in!
Zenledger is a crypto tax software that helps users easily and accurately calculate their taxable capital gains in real time. It also provides helpful reports to make sure all the necessary taxes are paid on time while offering easy-to-use tools to help keep you organized. I found Zenledger to be very user-friendly and straightforward, making it simple to organize data and generate reports with minimal effort. Plus, Zenledger’s automated system can quickly process your calculations and save you hours of manual work.
In terms of personal experience, Zenledger has performed well for me overall — no major issues to report here! One minor complaint is that Zenledger’s customer support could be improved — when I had a question, it took much longer than usual to receive any response.
When comparing Zenledger to other crypto tax software options, Zenledger is certainly one of the top contenders. Its features a user-friendly interface make it easy to use, while its automated system helps ensure accuracy and saves time. However, there are some other crypto tax software programs that may provide more specialized features or better pricing options depending on your needs.
Product Features
Here are some of the best features of using this crypto tax software;
- Automated system for calculating taxes
- Easy-to-use interface
- Generates helpful reports to ensure accuracy
- Saves time by quickly processing calculations
Pricing Plans
Zenledger offers a range of pricing plans to suit different needs, including a free plan for those who don’t have many transactions. Other paid plans include the Basic ($99/year) and Pro ($699/year) packages, which offer additional features such as automatic portfolio tracking and easy wallet connectivity.
Zenledger Basic and Pro packages offer users access to more detailed reports and data analysis tools.
The Basic plan gives users access to all the features of Zenledger, as well as automatic portfolio tracking, tax cost basis calculations, and advanced analytics. Users can also create unlimited reports and review them at different times throughout the year.
The Pro package includes all these features plus additional features such as the ability to link external accounts for tracking transactions across multiple platforms, custom reporting for cryptocurrency taxes, and access to an experienced tax professional from Zenledger who can provide expert advice on filing taxes properly.
The Zenledger Pro package also provides users with advanced reporting options such as groupings by transaction type, currency type, exchange rate, asset class, or other categories. This helps make it easier to manage complex portfolios by giving users a better understanding of their overall crypto tax situation. Additionally, Zenledger Pro offers an automated reconciliation process that allows users to quickly identify discrepancies in their records or any errors that may have been made in the process of calculating taxes.
Both the basic and pro packages provide users with a comprehensive suite of crypto tax tools that help them accurately calculate taxes while saving time and energy.
The automatic portfolio tracking feature is especially useful for long-term investors who need to keep track of their transactions in order to accurately report their gains/losses when filing taxes. And with Zenledger’s 24/7 customer support team available to answer any questions or concerns you may have along the way, Zenledger provides one of the best crypto tax solutions currently available on the market today.
How Does Zenledger Compare?
Compared to other crypto tax software solutions, Zenledger offers a comprehensive suite of features under an affordable pricing plan. Its automated system helps ensure accuracy and saves time, while its user-friendly interface makes it easy to use for even novice users. And with Zenledger’s customer support team available 24/7, you can rest assured that your questions will be answered promptly.
Koinly is another popular crypto tax software that also offers an automated system for calculating taxes. However, Zenledger provides a more user-friendly interface and a comprehensive suite of features under an affordable pricing plan. The service also offers 24/7 customer support, whereas Koinly only provides support during business hours. Additionally, Zenledger’s advanced reporting feature allows users to easily group transactions by asset class or exchange rate while Koinly does not have this feature.
Tokentax is another popular crypto tax software, however, Zenledger offers a more comprehensive suite of features under an affordable pricing plan. Zenledger’s user-friendly interface and 24/7 customer support team make it the ideal choice for users who are looking for an easy-to-use solution. One feature I liked was their handy automated reconciliation process while Tokentax does not. Additionally, Zenledger’s advanced reporting feature allows users to group transactions by asset class or exchange rate, whereas Tokentax does not have this feature.
How do I open an account?
Opening an account is easy and takes just a few minutes. First, you need to create an account by providing your email address and setting a password. Then, you’ll be asked to provide basic information about yourself so Zenledger can verify your identity. Once this is done, you can choose the package that best suits your needs. Zenledger offers both a basic and pro version, so you can choose whichever one works best for you. After selecting the package, the online platform will walk you through the steps to connect any crypto exchanges or wallets you use and provide automatic portfolio tracking. Once this is complete, they will provide you with a tax report to help you accurately calculate taxes and easily reconcile discrepancies.
Online Reviews
Zenledger has earned a lot of praise from its users. Most reviews cite the ease of use, comprehensive suite of features, and excellent customer service as the main reasons why Zenledger is one of the best crypto tax solutions available on the market today. Additionally, Zenledger offers a free trial period, so you can test out the software before committing to a paid plan. All in all, Zenledger is an excellent choice for anyone looking for a comprehensive and user-friendly crypto tax solution.
Zenledger supported exchanges and wallets
Zenledger supports a wide variety of exchanges and wallets. This includes popular exchanges such as Coinbase, Binance, Kraken, Gemini, Bitstamp and many more. It also supports hardware wallets like Trezor and Ledger in addition to desktop wallets such as Exodus and Jaxx. The platform also supports over 1,500 crypto tokens and coins.
How safe is Zenledger?
Zenledger’s data encryption and secure storage protocols ensure that your personal information is safe and secure. Zenledger also provides two-factor authentication when logging in, as well as IP whitelisting to prevent unauthorized access. They also have a team of security experts who are constantly monitoring the platform for any potential threats.
What Countries Are Supported?
Zenledger currently supports users from the United States, Canada, the United Kingdom, Australia, New Zealand and many more. Zenledger will be adding support for additional countries in the future.
What Tax Filing Types Are Supported?
Zenledger supports a wide variety of tax filing types, including both federal and state taxes. Moreover, it supports capital gains, short-term and long-term investments, as well as income from mining and staking activities.
Customer support
Zenledger offers a 24/7 customer support team to help users with any questions or queries. Zenledger’s friendly and knowledgeable team is available via email, chat and phone to provide assistance whenever needed. The platform provides an extensive knowledge base on their website that covers all topics related to using it.
Conclusion
Overall, Zenledger is an excellent choice for users who are looking for an easy-to-use crypto tax software. Zenledger’s user-friendly interface, advanced reporting features, and 24/7 customer support team make it the ideal choice for any user, regardless of their experience level with cryptocurrency. Zenledger’s affordability, a wide range of supported exchanges and wallets, and its secure storage protocols also make it one of the best crypto tax solutions available. If you’re looking for an easy and reliable way to calculate and file your crypto taxes, Zenledger is definitely worth checking out!
FAQ
Is Zenledger trusted?
Yes, Zenledger is a trusted and secure crypto tax software provider. Zenledger’s data encryption and secure storage protocols ensure that your personal information is safe and secure. Zenledger also provides two-factor authentication when logging in, as well as IP whitelisting to prevent unauthorized access. They have a team of security experts who are constantly monitoring the platform for any potential threats.
Does Zenledger work with TurboTax?
No, Zenledger does not currently work with TurboTax. Zenledger is its own standalone crypto tax software and its reports are compatible with several federal and state tax filing systems. Zenledger also provides an export feature to easily transfer the data into other tax platforms such as TaxAct or H&R Block.
Where is Zenledger based?
Zenledger is based in San Francisco, California. Zenledger’s team of experts are dedicated to providing users with the best crypto tax experience available. They also have offices in New York and London.
Is Zenledger free?
No, Zenledger is not a free service. Zenledger offers several different plans and pricing options to choose from depending on the user’s needs. However, they do offer a free trial so users can try out the platform before making any commitments. Why not jump in a give it a try?
Via
https://medium.com/@crypto_bits/is-zenledger-the-best-crypto-tax-software-my-honest-review-c1aeba4531c8?source=rss-e787423ae68d------2
