All Countries

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
USA flag
Germany
No items found.
2026-01-19

How Investing vs Trading impacts tax

In most cases of buying and selling cryptocurrency as a retail investor, you are participating in investing rather than trading. The two are treated differently for tax purposes.

  • Investing is subject to capital gains tax or income tax, depending on the nature of the transaction.
  • Trading in this case refers to self-employment which is subject to income tax and National Insurance Contributions.

The key difference between investing and trading – along with the different tax treatments, is how losses generated in the crypto-activity can be used.

In their guidance, HMRC have explicitly stated that they would expect it to be exceedingly rare that any crypto-activity constituting buying & selling crypto would be classified as “trading”.

If you are uncertain, speak to a tax advisor as there are always exceptions, including but not limited to, developing tokens and large scale mining.

How is crypto tax calculated in the United States?

You can be liable for both capital gains and income tax depending on the type of cryptocurrency transaction, and your individual circumstances. For example, you might need to pay capital gains on profits from buying and selling cryptocurrency, or pay income tax on interest earned when holding crypto.

CoinLedger

CoinLedger is an accessible crypto tax platform with over 1,000 exchange and wallet integrations.

Best for: Users who want a simple, straightforward experience without complex DeFi needs.

Key differentiator: Offers an unlimited transaction plan for high-volume traders at a fixed price.

Pricing: $49 (100 transactions) to $499+ (10,000+ transactions).

Limitation: Does not generate Schedule D forms - you will need to complete this manually or with other software.

Notable: Strong NFT support with OpenSea integration.

CoinTracker

CoinTracker is a portfolio tracker and tax calculator supporting over 30,000 cryptocurrencies.

Best for: Users who prioritize portfolio tracking alongside tax reporting.

Key differentiator: Direct integrations with TurboTax and H&R Block Desktop.

Pricing: $59 (100 transactions) to $599 (10,000 transactions), with full-service options up to $3,499.

Limitation: Customer support is limited on lower-tier plans - priority support requires the $599 Ultra plan.

Notable: Good security with end-to-end encryption and SOC 2 compliance.

ZenLedger

ZenLedger offers both DIY crypto tax reports and professional full-service accounting.

Best for: Users who want tax loss harvesting included at every pricing tier.

Key differentiator: Tax loss harvesting is available on all plans, not just premium tiers.

Pricing: $49 (100 transactions) to $399 (15,000 transactions).

Limitation: Only offers 400+ exchange integrations - significantly fewer than competitors. Some users report customer support issues with long wait times.

Notable: TurboTax integration and 14-day refund policy.

blog
Jan 19
,
 
2026
 - 
10
min read

Product Update: Polymarket and Monad support now live

Summ now supports Polymarket and Monad. Import your betting and transaction data via wallet address or CSV for complete tax reporting.

Key takeaways
This tax guide is regularly updated: Last Update  

If you've been placing bets on when the next Stranger Things episode drops, who'll win the Super Bowl, or where Bitcoin's heading on Polymarket, here's your next win: Summ now supports Polymarket.

We've also added direct support for Monad EVM. If you're betting or transacting on either platform, your activity now imports directly into your tax reports.

Polymarket integration

Polymarket lets you bet on almost anything, from entertainment releases to election outcomes to crypto price movements. Popular? That's an understatement. It's one of the most talked-about platforms in crypto right now.

Your Polymarket activity now syncs directly into Summ for your tax reporting. Connect using your public wallet address or upload your data via CSV.

Monad EVM support

Monad is an EVM-compatible Layer 1 blockchain built for high-performance decentralized applications. If you're transacting on Monad, we support two import methods:

Wallet address import: Add your public wallet address in the integrations section. Your transaction history pulls in automatically.

CSV upload: Download your transaction data from Monad and upload it directly into Summ.

Either method gives you full transaction coverage for accurate tax reporting.

Getting started

More integrations means more complete data. When your transactions import automatically across all of the platforms you use, you spend less time hunting down CSVs and more time understanding your actual tax position.

Both integrations are live now. Log in or sign up to connect your accounts.

Questions about Polymarket or Monad imports? Contact support via the in-app chat.

The information provided on this website is general in nature and is not tax, accounting or legal advice. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this information, you should consider the appropriateness of the information having regard to your own objectives, financial situation and needs and seek professional advice. Summ (formerly Crypto Tax Calculator) disclaims all and any guarantees, undertakings and warranties, expressed or implied, and is not liable for any loss or damage whatsoever (including human or computer error, negligent or otherwise, or incidental or Consequential Loss or damage) arising out of, or in connection with, any use or reliance on the information or advice in this website. The user must accept sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information in this website is no substitute for specialist advice.

FAQ

No items found.
Table of contents
heading2
heading3

More resources

CryptoTax Calculator thumbnail
Blog
15
 
Jul
 
2026
Tax Clarity for the Way You Actually use Crypto

We're excited to announce a partnership with XPlace, Solana's first true crypto credit card.

Read More
CryptoTax Calculator thumbnail
Blog
2
 
Jul
 
2026
Krypto-Steuern mit WISO Steuer erledigen: So geht's (2026)

Summ berechnet Ihre Krypto-Steuern nach FIFO, WISO Steuer reicht die Erklärung ein: der komplette Workflow in fünf Schritten.

Read More
CryptoTax Calculator thumbnail
Blog
2
 
Jul
 
2026
Krypto-Steuererklärung mit ELSTER einreichen: So geht's (2026)

Schritt für Schritt zur Krypto-Steuererklärung 2025 über ELSTER: Anlage SO, FIFO, Freigrenzen und alle Fristen im Überblick.

Read More

Starten Sie jetzt kostenlos

Importieren Sie Ihre Transaktionen und erstellen Sie eine kostenlose Berichtsvorschau.

Blog

16 January 2026

X

 Min read

Product Update: Polymarket and Monad support now live

Summ now supports Polymarket and Monad. Import your betting and transaction data via wallet address or CSV for complete tax reporting.

Team Summ

This tax guide is regularly updated: Last Update 

....

January

19

2026

If you've been placing bets on when the next Stranger Things episode drops, who'll win the Super Bowl, or where Bitcoin's heading on Polymarket, here's your next win: Summ now supports Polymarket.

We've also added direct support for Monad EVM. If you're betting or transacting on either platform, your activity now imports directly into your tax reports.

Polymarket integration

Polymarket lets you bet on almost anything, from entertainment releases to election outcomes to crypto price movements. Popular? That's an understatement. It's one of the most talked-about platforms in crypto right now.

Your Polymarket activity now syncs directly into Summ for your tax reporting. Connect using your public wallet address or upload your data via CSV.

Monad EVM support

Monad is an EVM-compatible Layer 1 blockchain built for high-performance decentralized applications. If you're transacting on Monad, we support two import methods:

Wallet address import: Add your public wallet address in the integrations section. Your transaction history pulls in automatically.

CSV upload: Download your transaction data from Monad and upload it directly into Summ.

Either method gives you full transaction coverage for accurate tax reporting.

Getting started

More integrations means more complete data. When your transactions import automatically across all of the platforms you use, you spend less time hunting down CSVs and more time understanding your actual tax position.

Both integrations are live now. Log in or sign up to connect your accounts.

Questions about Polymarket or Monad imports? Contact support via the in-app chat.

Discover savings opportunities and lower your tax with Summ

Get started for free

Keine Kreditkarte erforderlich · Nur-Lese-Zugriff

Track all your swaps, trades and DeFi activity with Summ for easy tax reporting

Get started for free

Keine Kreditkarte erforderlich · Nur-Lese-Zugriff

Struggling with your tax?

Let Summ do the hard work for you.

Select country

Connect accounts

Get tax report

Get started for free

Keine Kreditkarte erforderlich · Nur-Lese-Zugriff

Automate your record keeping with Summ

Get started for free

Keine Kreditkarte erforderlich · Nur-Lese-Zugriff

Get started for free

Keine Kreditkarte erforderlich · Nur-Lese-Zugriff

Häufig gestellte Fragen

Was ist, wenn ich mehr als 200.000 Transaktionen habe?

Wenn du über 200.000 Transaktionen hast, sogar bis zu einer Million, bieten wir individuelle Lösungen für deinen Bedarf. Kontaktiere uns, um die passende Lösung für dich zu finden.

Deckt der Plan alle Steuerjahre ab?

Mit einem aktiven Abo hast du Zugriff auf alle Steuerjahre. Sobald du bezahlt hast, kannst du ein beliebiges Steuerjahr auswählen und den Bericht für alle Steuerjahre so oft herunterladen, wie du möchtest, solange dein Abo aktiv ist.

Wie funktioniert das Transaktionslimit?

Das Transaktionslimit gilt für alle Steuerjahre. Bei den Berechnungen müssen wir alle Transaktionen aus früheren Steuerjahren berücksichtigen.

Was passiert, wenn ich upgraden oder kündigen möchte?

Du kannst jederzeit upgraden und zahlst einfach die Preisdifferenz. Wenn du kündigen möchtest, kannst du das jederzeit im Abrechnungsbereich der App tun.

Wie funktioniert die kostenlose Testphase?

Die Plattform ist direkt nach der Anmeldung kostenlos nutzbar: Du kannst deine Transaktionen importieren und unsere intelligenten Vorschläge und die automatische Kategorisierung, das Portfolio-Tracking sowie die DeFi- und NFT-Unterstützung nutzen. Für den Zugriff auf Berichte, das Tax-Loss-Harvesting-Tool oder Chat- und Priority-Support musst du auf den passenden kostenpflichtigen Plan upgraden.

​Wie geht Summ mit Krypto-Einkommen aus Wallets wie Phantom oder DeFi-Aktivitäten wie Solana Staking um?

​Summ verbindet sich direkt mit Wallets und Blockchains, nicht nur mit Börsen. Einkommen aus Staking, DeFi und nicht-custodial Wallets wie Phantom wird automatisch erfasst und zusammen mit deiner Börsenaktivität kategorisiert – bereit für deinen Bericht.

Automatisieren Sie Ihre Krypto-Buchhaltung

01

SOC 2 Type 2 Certified

As SOC 2 Type 2 compliant, we ensure robust data security, giving customers confidence in entrusting us.
02

Secure organization

We conduct regular and thorough Security & Awareness training for all employees.
03

Full data privacy

Our application only ever requires 'read-only' access to your data.