TokenTax Review
By Itai Varochik | Last updated February 1, 2026
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Our Verdict
TokenTax is the best choice for traders who want the safety net of professional CPA review alongside automated tax software. The premium pricing is justified for complex portfolios, but casual investors should look at Koinly or CoinTracker.
Rating: 4/5 (287 reviews)
Pros
- Optional CPA review services
- Good for complex portfolios
- Mining income tax support
- International coverage
- API integrations
- Audit support and documentation
Cons
- More expensive than competitors
- Learning curve for advanced features
- Customer support quality varies
- Not cost-effective for small portfolios
What is TokenTax?
TokenTax uniquely combines DIY tax software with optional CPA review services, making it ideal for traders with complex portfolios who want professional oversight. Plans start at $65/year for self-service, with premium tiers ($2,500+) offering full CPA preparation. The platform handles standard crypto tax calculations including capital gains, Form 8949 generation, and multiple cost basis methods. Where TokenTax differentiates is its optional professional services - certified CPAs review your returns, handle edge cases, and provide audit support. TokenTax supports mining income calculations, international tax reporting, and complex DeFi scenarios. The API integrations cover major exchanges, and the platform provides detailed audit trails for compliance.
TokenTax Features
| Feature | Available | Description |
|---|---|---|
| CPA Services | Yes | Optional professional tax review |
| Tax Forms | Yes | IRS Form 8949 and capital gains reports |
| Mining Support | Yes | Mining income calculation and reporting |
| DeFi Handling | Yes | Complex DeFi transaction categorization |
| Audit Trail | Yes | Detailed documentation for compliance |
| Multi-Method | Yes | FIFO, LIFO, HIFO, Specific ID |
TokenTax Pricing
$65/year
Best For
- Traders wanting CPA oversight
- Complex portfolio holders
- Miners needing income calculations
- Users wanting audit protection
Not Ideal For
- Budget-conscious users
- Beginners with simple portfolios
- Those comfortable with DIY filing
Final Verdict
TokenTax is the best choice for traders who want the safety net of professional CPA review alongside automated tax software. The premium pricing is justified for complex portfolios, but casual investors should look at Koinly or CoinTracker.
Frequently Asked Questions
What CPA services does TokenTax offer?
Premium tiers include CPA review of your tax return, handling of edge cases, and audit support. CPAs are US-licensed and experienced with crypto taxation.
Is TokenTax worth the higher price?
For traders with complex portfolios involving mining, DeFi, and multiple exchanges, the CPA review service alone can save thousands in potential errors. For simple portfolios, cheaper alternatives exist.
Does TokenTax support mining income?
Yes, TokenTax has specific tools for calculating mining income, including fair market value at time of receipt and subsequent capital gains on disposal.