As a crypto investor, chances are you've heard of Form 1099-DA launching in 2025. Starting in early 2026, exchanges and brokers will issue these forms to report your digital asset transactions to the IRS.
Even though the rules are changing, filing your 1099-DA doesn't have to be stressful, especially when you're using the right software. In this guide, we compare the best platforms for managing 1099-DA reporting, calculating cost basis, and reconciling exchange data with your actual transaction history.
Overview: Best Software for Form 1099-DA
- Summ
- Koinly
- CoinLedger
- Tax1099
- Taxbit
- CoinTracker
- ZenLedger
- TurboTax
Best overall: Summ
1. Summ
Founded in 2018, Summ is an all-in-one crypto tax and portfolio-tracking platform designed for investors, traders, and businesses. It turns complex blockchain data into IRS-approved tax reports, including support for the new Form 1099-DA. As an official global tax partner of Coinbase and MetaMask, Summ is in a great position to help crypto investors navigate their first year of 1099-DA reporting.
In addition, the platform automatically calculates your tax liability and identifies potential opportunities to save.
Why Summ is one of the best for Form 1099-DA
The first year of 1099-DA reporting only covers proceeds, not cost basis. In 2026, many taxpayers will receive forms showing large totals and may think they owe tax on the whole thing, when that's not actually the case.
Summ helps bridge the gap by automatically importing complete transaction histories across all wallets and exchanges and accurately figuring out cost basis, so users can reconcile their 1099-DA forms with their actual taxable gains or losses.
Key features
- DeFi activity tracking: Captures transactions that may not appear on your 1099-DA.
- Custom cost-basis selection per wallet: Choose the inventory method for each account you connect.
- Unlimited integrations. The platform offers direct support for over 3,500 exchanges, wallets, and blockchains.
- Unlimited currencies. For every blockchain that the platform supports, users can import any token that is hosted on that blockchain.
- Smart auto-categorization. Summ automatically classifies your trades, so you don't have to pay more taxes than you should.
- Portfolio tracking across multiple exchanges, including full DeFi support.
- US-focused tax reports: Includes specialized reports such as Schedule D and Form 8949.
Pros
- Proactive feature development: The team rapidly iterates based on customer feedback to stay ahead of IRS reporting requirements like 1099-DA.
- Tax platform partnerships. Users can file reports directly with TurboTax and TaxAct.
- Low price. Its starter Rookie plan is one of the cheapest available.
- Tax loss harvesting tool. By identifying assets to sell at a loss, you can reduce your overall tax bill. Available on Investor and Trader plans.
- Extensive security compared to other platforms. Multiple layers of security, including zero-trust architecture, 24/7 threat detection, advanced endpoint protection, MFA security that users can opt-in to, and SOC 2 Type 2 certification.
- Dedicated customer support. 24/7 support, including email and live chat support with a real person, available for all customers.
- Makes crypto tax easy. As one customer said about Summ, "All the hard work of tracking transactions between wallets and exchanges is performed automatically and accurately."
- Calculates taxes for 100+ countries worldwide.
Cons
- Doesn't currently accept crypto as payment.
Is there a free version?
Yes, Summ is free to use instantly when you sign up, allowing you to gain a full picture of your crypto portfolio, with support for up to 500,000 transactions. Take advantage of the smart suggestion and auto-categorization engine, portfolio tracking, unlimited integrations, DeFi and NFT support.
To access downloadable reports, the tax loss harvesting tool, and priority support, you'll need to upgrade to a paid plan.
Cost
- Rookie: $49 (up to 100 transactions)
- Hobbyist: $99 (up to 1,000 transactions)
- Investor: $249 (up to 10,000 transactions)
- Trader: From $499 (100,000 transactions). Need more? Scale up to 1 million transactions.
Plans for high-volume traders
If you're a high-volume trader, the platform offers plans for up to 1 million transactions. Upgrade your trader plan to support up to 500,000 transactions, or contact the support team to access support for up to 1 million transactions.
2. Koinly
Founded in 2018, Koinly is a popular crypto tax software known for its wide integration options. It's also available in over 20 countries.
Key features
- Provides income summaries to help users compare against 1099-DA totals.
- Can be integrated with over 1000+ wallets and exchanges.
- Tracks complex crypto activity like DeFi, NFT, and margin trading.
- Offers a range of US-focused tax reports, including specialized reports such as Schedule D.
Pros
- Accepts crypto as payment, in addition to credit/debit card payments.
- Provides an income overview, so you can see how much crypto you've earned from all your activities.
- Offers educational content on upcoming IRS changes, including Form 1099-DA.
Cons
- Limited security features. Compared to other crypto tax software, Koinly only provides one layer of security – SSL.
- Higher cost. Compared to other platforms, especially if you're a high-volume trader.
- Usability. Some customers have reported potential syncing and labelling issues within the platform, while others said it wasn't easy to navigate.
Is there a free version?
Yes. Koinly provides a limited free version that allows you to track your portfolios. To generate or download any reports, you'll need to upgrade to a paid plan.
Cost
- Newbie: $49 (100 transactions)
- Hodler: $99 (1,000 transactions)
- Trader: $199 (3,000 transactions)
- Pro: From $299 (10,000 transactions)
3. CoinLedger
CoinLedger is a beginner-friendly crypto tax platform that supports investors internationally. It integrates with a number of wallets and includes portfolio tracking.
Key features
- Integrates with over 1,000 wallets and exchanges.
- Offers unlimited wallet and exchange syncs for you to import your data.
- Tax software support: Integrates with US tax software including TurboTax, TaxACT, and TaxSlayer.
- International tax reporting, with over 40 countries supported.
Pros
- Unlimited transaction plan available for high-volume investors.
- Known for its NFT support, including an integration for OpenSea.
- Strong educational focus and educational guidance on new IRS reporting rules.
Cons
- Doesn't accept crypto as payment.
- Doesn't offer specialized tax forms such as Schedule D.
- Doesn't yet offer per-wallet cost basis tracking across multiple exchanges.
Is there a free version?
Yes, CoinLedger offers a free version with portfolio tracking and unlimited transactions. To gain access to any reports, you'll need to upgrade to a paid plan.
Cost
- Hobbyist: $49 (100 transactions)
- Investor: $99 (1,000 transactions)
- Pro: $199+ (3,000+ transactions)
4. Tax1099
Tax1099 is a specialized IRS-approved tax filing platform. Designed for small and medium businesses, accountants, and bookkeepers, it simplifies the tax process to make filing less stressful.
Key features
- IRS authorized eFiling platform.
- State compliance: Applies the latest state and IRS rules to ensure filings are accurate.
- Bulk upload: Save time by uploading hundreds or thousands of forms at once.
Pros
- 12+ integrations with accounting partners, including Bill, Intuit, and Xero.
- Real-time tracking: Live updates for submissions, errors, rejection notices, and more, so you can stay on top of your filings.
- Supports filing for a wide range of tax forms, including 1099-DA.
Cons
- Designed specifically for businesses. If you're an individual investor, this platform may not be for you.
- Not a crypto-specific tax platform. That means it doesn't track your cost basis or portfolio activity. It is simply for filing Form 1099-DA.
- Slightly confusing pricing that is based on the number and type of forms you're filing.
Is there a free version?
Yes, the Essential plan is free to sign up and includes IRS/state filing. You only have to pay per specialized tax form you need to file.
Cost
- Essential: No annual subscription fee, pay as you go
- Teams: $249. Includes reporting and collaboration. Best for medium-sized businesses that need shared access.
- Scale: $349. Best for high-volume filers and large businesses.
5. Taxbit
Taxbit is a digital asset tax and accounting platform built by CPAs and tax attorneys, made for enterprises.
Key features
- Provides international support for reporting across 140 countries and for over 10,000 digital assets.
- Offers integrations with blockchains, exchanges, and accounting software.
- Automates the generation of tax forms (including 1099-DA) for brokers and institutions.
Pros
- Helps exchanges and brokers collect, structure, and submit 1099-DA data in accordance with evolving IRS standards.
- Supports detailed asset tracking, including potential alignment with a future digital asset registry.
- Highly secure platform built for large-scale reporting.
Cons
- Designed for businesses. This is not an option for individual investors.
- No clear pricing. There is only an option to book a demo online, no pricing range is provided.
- Complexity and cost. This may exceed the need for individual traders.
Is there a free version?
No. Taxbit is an enterprise platform and does not offer a free version.
Cost
Pricing is not publicly listed on the website. Taxbit offers custom pricing based on enterprise needs, with consultation available online through their sales team.
6. CoinTracker
Founded in 2017, CoinTracker is a long-established crypto tax platform known for its portfolio tracking and full-service tax management.
Key features
- Supports over 10,000 cryptocurrencies.
- Portfolio tracker that tracks gains, losses, and income.
- Will introduce features to help users import and reconcile Form 1099-DA once exchanges begin issuing forms in 2026.
- Offers full-service tax management for $3,499.
Pros
- Integrates with tax platforms TurboTax and H&R Block Desktop.
- Calculates cost basis for digital assets even when the exchange doesn't report it, which can help with early 1099-DA reporting.
- Offers specialized tax forms such as Schedule D.
Cons
- Limited customer support. Email support is provided for the lower plans, while priority support is only offered for their Ultra plan at $599.
- Does not yet offer full reconciliation between 1099-DA data and transaction histories, and it's not clear if or when this is coming.
- High cost. You have to pay more to access advanced features. If you have over 100 transactions, you'll need to pay $199.
Is there a free version?
Yes. CoinTracker's free version provides a tax summary and portfolio value. To gain access to any reports, you'll need to upgrade to a paid version.
Cost
- Base: $59 (100 transactions)
- Prime: $199 (1,000 transactions)
- Ultra: $599 (10,000 transactions)
- Full service: $3,499 (up to 300,000 transactions)
7. ZenLedger
Founded in 2017, ZenLedger offers both DIY crypto tax reports and full-service accounting. It also has the ability to generate a range of reports for your taxes.
Key features
- Supports over 400 exchanges and 7,000 token types.
- Tax loss harvesting is included in all plans.
- Offers full-service crypto tax accounting, where your tax reports are prepared for you.
Pros
- Integrates with tax platform TurboTax and hardware wallets such as Trezor.
- Automatic aggregation of wallet and exchange data for cost basis tracking and manual verification against 1099-DA data.
- Offers a 14-day money-back guarantee/refund for all plans.
Cons
- While ZenLedger helps cross-check 1099-DA data, its system still depends on accurate imports from exchanges, which may be incomplete.
- The platform has not yet released any plans to automate reconciliation between 1099-DA forms and users' transaction histories.
- High cost. If you have over 100 transactions, you'll have to pay $199.
- Limited customer support. Some customers have reported issues with long wait times and a lack of helpful responses.
Is there a free version?
Yes, you can import your crypto transactions for free. However, to view, download, or access reports, you need to upgrade to a paid plan.
Cost
DIY Plans
- Silver: $49 (100 transactions)
- Gold: $199 (5,000 transactions)
- Platinum: $399 (15,000 transactions)
Professional Crypto Tax Plans
- Premium Support Consultation: $275 (60 mins)
- Tax Pro Prepared (single year): $2,800
- Tax Pro Prepared (multi-year): $5,200
8. TurboTax
TurboTax is an internationally renowned tax platform that is used by people across the US and Canada. While it's not a dedicated crypto tax platform, TurboTax still supports new IRS rules, including Form 1099-DA reporting. It's a great option to do your taxes if you only have a small number of crypto transactions.
Key features
- Well-known, established tax platform that is trusted by many.
- Live Assisted (supported by a team of experts who will provide unlimited advice) and Full Service (taxes done for you from start to finish) options connect users directly with CPAs who specialize in crypto and digital assets.
- Integrates with a number of crypto tax platforms, including Summ to import transaction summaries and capital gains reports directly into TurboTax.
Pros
- Designed to help taxpayers import and file IRS forms, including 1099-DA, once issued by exchanges or brokers.
- Provides a single platform to handle both traditional income and crypto trades, best for users with light crypto activity.
- Offers expert-assisted filing to ensure compliance with changing IRS standards.
Cons
- Not a crypto-specific tax platform. TurboTax is not built for crypto, so it doesn't have the same level of detail as other crypto tax platforms.
- Unclear pricing. TurboTax's pricing page shows a range for each of its tiers, however it's unclear what each range includes.
- May be difficult for managing multiple 1099-DAs across different exchanges, where deeper reconciliation is needed to confirm accuracy before filing.
- Limited integrations. TurboTax only integrates with 15 exchanges and doesn't currently integrate with any DeFi or NFT platforms.
Is there a free version?
Yes. TurboTax has a free version that offers access to simple Form 1040 returns. However, stock sales (including crypto investments) are not included.
Cost
- File your own taxes: $0–$139
- Live Assisted (file with help): $79–$209
- Live Full Service (expert files your taxes): $129+
What US investors need to know when choosing a platform for 1099-DA
With taxpayers receiving their first Form 1099-DA for the 2025 tax year, it's important to choose a platform that can properly handle the new reporting requirements. Just make sure that you're looking for a platform that's preparing to reconcile the information brokers report with your full transaction history. Here's what you should consider:
- Compliance with IRS regulations: Make sure that the platform fully supports all IRS requirements, including capital gains, income (from mining, staking, and airdrops) and DeFi activity, and can generate IRS-approved forms like Form 8949 and Schedule D.
- 1099-DA reconciliation: Since the new form only reports proceeds, the platform should be able to match those totals against your actual cost basis and transaction records to ensure you're not over-reporting taxable gains.
- Updates with the latest tax law changes: The IRS continues to change its guidance around crypto tax rules. Choose a platform that regularly updates its functionalities to reflect the latest reporting requirements.
- Extensive integrations: The best platforms connect directly with a range of major US exchanges, wallets, and DeFi protocols so you can import transactions automatically instead of entering them manually.
- Automation and accuracy: A good 1099-DA platform should automate cost-basis calculations, detect missing data, and pick up inconsistencies between exchange-reported and self-reported figures.
Easily manage your 1099-DA reporting with Summ
As taxpayers begin receiving Form 1099-DA for the 2025 tax year, using a platform that can reconcile what brokers report with your full transaction history will make your life a lot easier. Here's how Summ helps simplify 1099-DA reporting:
- Full IRS compliance: Generates IRS-ready reports including Form 8949 and Schedule D with full support for capital gains, income from mining, staking, airdrops, and DeFi transactions.
- Accurate 1099-DA reconciliation: Combines cost basis data across all of your wallets, exchanges, and DeFi protocols, making sure your reported gains actually match your transaction history, not just what's shown on the 1099-DA.
- Comprehensive cost basis tracking: Track DeFi activity not captured by exchanges and view cost basis in real time for assets transferred into exchanges.
- Customizable per-wallet cost-basis tracking: Choose different inventory methods per account.
- Automatic updates with evolving tax laws: Regularly makes updates to the platform to reflect the latest IRS guidance and reporting rules.
- Over 3,500+ supported integrations: Connect with over 150 leading exchanges, 500+ wallets, and 2,300+ DeFi protocols for full visibility of your trading activity.
- Expert support, available 24/7: Our team has deep crypto tax knowledge and is ready to help whenever you need assistance.
- Built-in automation and accuracy: Smart transaction labeling, auto-importing, and real-time error detection reduce manual work and make sure data is clean and accurate.
Get started with Summ for free
FAQs on Form 1099-DA
What should I do when I receive Form 1099-DA?
If you receive a Form 1099-DA in 2026 for the 2025 tax year, you'll need to use it to report your capital gains and losses on your tax return.
For the 2025 tax year, most exchanges will only report gross proceeds, not your cost basis. This means you're legally responsible for calculating and reporting the cost basis for every transaction listed on your 1099-DA.
Starting with the 2026 tax year, exchanges will also need to report the cost basis for assets bought and sold on their platform. However, they won't report cost basis for assets transferred in from other wallets or exchanges, so you'll need to compare your transaction history to fill in the gaps.
You will then use the information on your 1099-DA to fill out Form 8949 and Schedule D when filing your return.
Crypto software like Summ simplifies this process by helping to ensure your 1099-DA data matches your actual trading activity. By importing all your transactions and calculating your cost basis, it produces IRS-compliant tax reports.
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.
.png)
.png)
