TokenTax offers different fixed tiers of crypto report plans, along with custom plans and full filing options. At the most basic level, each plan gives you access to the TokenTax software and allows you to generate your gain/loss report (Form 8949 for U.S. filing clients), and income report, that you need in order to report your crypto taxes.)
Under each plan, you are responsible for importing your entire transaction history from the time you began trading so that our crypto accounting software can calculate an accurate cost basis for your tax reports. Our plans differ in terms of the features included with each, the level of crypto data complexity support, and the nature of the help our team will offer (troubleshooting via support vs. hands-on, Advanced Reconciliation).
Important Notes:
Transaction count may not be the most important factor in plan selection. While this is an important factor it isn't the only one to consider. For example: If you have 5,000 transactions but have heavily interacted with many obscure L2s, alt chains, or sidechains, or have any complex crypto situations, a Premium Plan is most likely not going to be the best fit for you.
Importing full historical transaction data is essential for getting an accurate tax report. If you're missing any historical crypto data, or have complex unreconciled historical data, you may have difficulty getting an accurate report.
Certain platforms can only be supported with a VIP Plan at minimum – fringe, L2s, alt chains, sidechains, and many NFT projects will require at least a VIP Plan depending on the volume and complexity of the data.
Margin data (margin trades and derivatives) are not able to be automated, and are not included in our Basic or Premium Plans. If you have these transactions, please check out our services/plan details carefully; or reach out to our support team prior to purchasing.
If we offer an API integration for a DeFi platform, transactions uploaded from that chain may still require reconciliation work. We have in-app tools that can help guide you through your reconciliation work for most general DeFi situations, however, more complex situations may still require a specialist to help properly review and reconcile your entire data set for the year.
If a smart contract is not able to be automated, the integration will pull the transactions into our system as raw data (in the form of non-taxable deposits and withdrawals). This uncategorized data will require manual editing (reconciliation) within our software to properly classify the deposits/withdrawals to the correct transaction type.
We offer Advanced Reconciliation - whereby a reconciliation specialist will take care of your reconciliation needs for you and ensure you receive accurate reports to use in your tax filing. This service starts with our VIP plan tier.
The Tax Loss Harvesting dashboard is only available for current or future year plan holders starting with our Premium Plan.
For questions about which plan will be required to support your crypto data, please reach out to our support team by clicking the chat icon in the bottom right hand corner or emailing [email protected].
BASIC:
This plan is well suited for those with minimal or entry level crypto data. This plan offers support for up to 100 transactions for the plan year, that are mostly on central exchanges (CEX), and very light transactions on popular established DeFi chains and platforms (such as Ethereum). It provides full access to import all historical crypto data, and you will have access to our new Reconciliation Assistance tool. With this and all of our other plans, you will be able to generate the gain/loss report (Form 8949 in the U.S.) and income report necessary for reporting crypto taxes. This plan does not provide any Advanced Reconciliation.
PREMIUM:
The Premium Plan supports up to 5,000 transactions per plan year, and is well suited for more moderate or casual crypto users. This plan offers all the features of the Basic Plan and more. This plan is great for DeFi traders using more established popular DeFi platforms, along with some L2s, alt chains, sidechains usage. Advanced Reconciliation is not provided under this plan, however, you will have access to our Reconciliation Assistance tool. Please bear in mind that smaller or fringe DeFi platforms, smart contracts, and more complex protocols, will likely require our Advanced Reconciliation services. Advanced traders who are capable of reconciling their own data may also find this plan a good fit.
With this plan you will also have access to our Tax Loss Harvesting Dashboard. Bear in mind you will need a current or future year plan to utilize this feature.
If you have a high volume of DeFi transactions, especially on more fringe platforms; and/or are not capable of reconciling your own data; or if you have any questions about the scope of support for this plan's DeFi coverage- please reach out to our support team via live chat or email for an assessment and a plan recommendation based on your crypto data and personal capabilities.
PRO:
Our Pro Plan supports up to 20,000 transactions for the plan year. It includes all of the features of the Premium Plan, with the added inclusion of support for margin (margin trades and derivatives) tax calculations from all centralized exchanges (CEX). We recommend the Pro Plan for moderate traders who are margin trading, and regularly using more established popular DeFi chains or platforms, along with some DeFi L2s, alt chains, sidechains usage. Additionally, if you need it, this plan also includes an FBAR report. The Pro Plan has the same level of DeFi coverage as the Premium Plan.
This plan does not include any Advanced Reconciliation service aside from manual margin trading tax calculations. You will have access to our Reconciliation Assistance tool. The Pro Plan does not include support for dYdX or any on-chain margins (see VIP Plan).
It’s important to note that these manual margin tax calculations are completed altogether and at one-time only. We cannot process these on an ongoing (all year) basis. Once you're done trading margin for the year you will need to reach out to support to start the process to get these calculations completed as it's not automated. Our team will typically start to handle these around the end of your plan’s year.
VIP:
Our VIP Plan supports up to 30,000 transactions. It includes all of the features of the Pro Plan, plus our Advanced Reconciliation services - where one of our reconciliation specialists will be assigned to your account and handle the reconciliation for you! This plan is well suited for moderately advanced crypto traders who may have spent time exploring more of the crypto DeFi space; or for traders who do not want to spend the time to review and work through their own crypto reconciliation. It includes support for light to moderate on-chain margins and fringe DeFi platforms. You will also receive two 30-minute consultation sessions with a tax expert that can be used to go over general crypto tax strategy and advice.
We recommend the VIP Plan for clients who:
Have light to moderate trades on any obscure/fringe DeFi platforms.
Have moderate dYdx or other on-chain margins.
Have worked with NFTs outside of OpenSea, CryptoPunks, and other automatically supported platforms/contracts.
Have minted and sold their own NFTs (not using a service).
Have a large number of transactions with missing cost basis.
Have a complex crypto data issue- missing data, hacks, etc.
Would prefer to free up their time or be more hands-off with their crypto data reconciliation and have the pros handle it for them.
Our Advanced Reconciliation service is one-time only and is not ongoing throughout the plan year. Our team typically begins working on accounts in a queue around, or after, the end of the plan year purchased. The time at which your reconciliation begins will depend upon your place in the queue (determined by the date on which you signed up), as well as the completion of your “Recon Profile”, and how complicated/time consuming your reconciliation will be. We typically aim to get all accounts completed by your tax deadline, however in some rare instances we may require clients to go on extension, and possibly pay any estimated taxes due.
This plan does not include unlimited or ongoing attention from our specialists, extremely high volume of fringe data or missing cost basis, handling of any historical reconciliation, or a large number of complex crypto situations.
Please note that the two included 30-minute tax expert consultations should be for general tax/crypto related questions or advice only. These can not be used to discuss questions specific to your data or reconciliation. Additionally no one on our staff, CPAs included, are able to provide you with investment advice specific to your personal accounts.
CUSTOM (Price upon request- Requires a consult):
Custom Plans are essentially VIP Plans + additional services that may fall outside of the scope of our typical commercial plans. Clients interested in purchasing a custom plan must first schedule a consultation with a plan specialist, after which they will receive a quote for services. Please reach out to our support team to engage if you feel a custom plan may be for you. Some situations that may require a customized plan include:
A plan year transaction count volume in excess of 50k.
Services not offered under our commercial plans.
Moderately complex crypto situations or clients who have lost access to portions of their historical data as the result of hacks or exchanges that are no longer in operation.
ENTERPRISE (Price upon request- Requires a consult):
Enterprise Engagements are for select advanced investors with a top tier level of data complexity which typically falls far outside the scope of our commercial plans. Similar to our custom plan, our Enterprise package offers all the benefits of our commercial plans with an even higher level of services that are specially customized to meet a multitude of advanced tax or reconciliation needs. An Enterprise Engagement can only be purchased by invitation and requires an initial consultation with our Sr. Plan Specialist, along with an evaluation of your entire data set. If you feel an Enterprise Engagement is right for you, please reach out to our support team to inquire.
Enterprise may be for you if you:
Have extensive transactions across numerous DeFi chains/wallets, including multiple more obscure chains.
Have a high value portfolio or a business account that needs a higher level of expert reconciliation.
Are seeking specially tailored or advanced solutions for complex crypto tax situations.
Want more collaborative or hands on communication with a dedicated team devoted to your account.
Want top priority support access for any questions or updates.
Additional Services (add-ons):
U.S. Full-Filing Service (Starts at $999/Tax Year):
Our Full-Filing services are available to purchase starting with our VIP Plan tier as an addition to your crypto-only plan. This service is not automatically included with any of our plans. With our Full-Filing add-on, we will file your personal federal and state tax returns once your crypto reconciliation is completed. If necessary, we may also require you to go on extension in order to allow adequate time for the Advanced Reconciliation process to be completed. Please note that this service is only available for U.S.-based clients, and for personal or couples filing jointly. If you have a complicated tax situation, or need a business filing, please reach out to our customer support team to inquire further.
Margin data support: Depending on the platforms used, we offer a few different options for supporting margins (margin trades and derivatives) trading tax calculations.
Our Margin add-on ($399 per plan/year) will cover calculations for most margins on centralized exchanges.
Our Pro Plan may be required in cases with particularly complex/high volume margin data.
For dYdX or other on-chain margin platforms: coverage for these platforms will require a VIP Plan at minimum, to support these calculations.
20k transaction add-on ($199) per plan/year for any plan other than our BASIC Plan. You can add this on only once per plan year. If your transaction volume is greater than your plan’s allotted transactions plus one 20k add-on, you will need to upgrade to a higher-tier plan. *Please note that transaction count support may still require reconciliation support in addition to this add-on.
The FBAR report is automatically included with our VIP and Pro Plans, and it is available for purchase for $49 if you choose a Basic or Premium plan. Please note that, while this report includes the information you will need to file, you are responsible for filing your own FBAR.
If you do not see your particular situation mentioned in our plan features, please feel free to reach out to our customer support team to find a solution that will best suit your needs by clicking the chat icon in the bottom right hand corner or emailing [email protected].