Last reviewed: 28 July 2026. Analysis and documented research, not tax or investment advice — see the disclaimer. Pricing and features below change frequently; verify against each vendor's current pages.
Crypto tax software reviews are everywhere; crypto tax software reviews written for people whose country is a variable are rare. That's the review this site owes its readers: the expat comparison — for the American abroad whose IRS reporting follows them to Istanbul or Barcelona, and for the internationally mobile investor whose residency (and therefore whose tax rulebook) may change mid-portfolio. I'm a US citizen filing from Spain with crypto positions in the mix, so this is the software category I actually live in; the two tools every shortlist converges on are Koinly and CoinLedger, and the right choice turns almost entirely on which kind of cross-border life you're running.
The two tools in one table
| CoinLedger | Koinly | |
|---|---|---|
| Built for | US filers first: clean Form 8949 output, TurboTax and TaxAct integration | International coverage first: country-specific reports for 20+ jurisdictions |
| Pricing shape | Free import and preview; paid tiers from roughly $49/year by transaction count | Free preview up to large transaction counts; paid reports from roughly $49/year, stronger value at very high volumes |
| Complex activity (DeFi, margin, derivatives, multi-chain) | Weaker — expect manual fixes on exotic history | Stronger — broader chain and protocol support, handles margin/futures better |
| Extras | Free portfolio tracking; optional professional review and full-prep services | Multi-country report switching — the feature that matters when your residency changes |
| Payment for the year you move countries | One country's report: the US | Generate reports under different country rules from the same transaction data |
The expat questions that actually decide it
Are you a US person? Then your primary output is fixed forever: Form 8949 and Schedule D, wherever you live — doesn't care about your address, and as with brokerages, your tax tooling should be US-shaped. CoinLedger is the specialist here: it exists to turn messy exchange history into TurboTax-ready US forms with minimal friction, and for an American in Turkey or Spain whose crypto life is exchanges plus a wallet or two, it's the shorter path. The new reporting era raises the stakes: custodial brokers began issuing Form 1099-DA for the 2025 tax year, which means the IRS increasingly holds its own copy of your disposals — your software's job is to make your numbers agree with theirs, wallet history included.
Might your residency change? This is Koinly's category to lose. A move — say, Spain to Turkey — can put one calendar year under two different tax systems, and the year after the move runs under rules your old software never heard of. Koinly generates country-specific reports from the same underlying transaction data across 20+ jurisdictions, which turns "I moved" from a data-migration crisis into a dropdown change. Non-US movers should default to Koinly for this reason alone. US citizens get less from it — your 8949 follows you regardless — but dual-obligation years (a Spanish declaration and a US return covering the same gains) are exactly where holding one dataset that renders both ways earns its fee.
How ugly is your transaction history? Both tools ingest the big exchanges cleanly. The divergence is the long tail: DeFi positions, margin and derivatives, bridged assets across chains. Koinly's broader protocol coverage means fewer orphaned transactions to reconcile by hand; CoinLedger's narrower coverage means a simple history sails through but a tangled one becomes an evening of manual edits. Be honest about which portfolio you have — the reviews that skip this question are the reason people buy the wrong tier of the wrong tool.
The residency-specific wrinkles
Spain: resident holders of foreign-platform crypto above €50,000 file Modelo 721, the crypto sibling of the famous 720 declaration — an obligation that exists whether or not you sold anything, with the same disproportionate-penalty history. Your tax software won't file it for you, but its year-end balance reports are the raw material; this is a place where clean per-wallet records quietly save real money in advisor hours.
Turkey: there is currently no dedicated personal crypto tax regime — and for new residents eyeing Law 7582's exemption, the sourcing of crypto gains is one of the questions Communiqué No. 333 conspicuously didn't answer. The planning posture we've recommended since the pillar: keep records as if the strict answer arrives, because record reconstruction years later is the expensive version. Whichever tool you pick, the discipline is the same — connect everything, reconcile yearly, export and archive the reports.
The US, wherever you are: 's treatment of crypto-only foreign accounts remains in regulatory limbo (FinCEN has proposed inclusion; as of this writing it isn't final) — but accounts mixing crypto and fiat balances at foreign platforms can already trip ordinary FBAR analysis, and 's thresholds are their own question. When in doubt, disclose; the penalty asymmetry makes silence the expensive guess. None of the software here files FBAR for you — that stays on your checklist.
Verdict by profile
- US expat, straightforward portfolio, files with TurboTax: CoinLedger — the shortest path from exchange history to an 8949 the IRS's 1099-DA copies will agree with.
- Anyone whose country has changed or might change: Koinly — multi-jurisdiction reporting from one dataset is the feature the move year makes non-negotiable.
- Heavy DeFi / multi-chain history: Koinly, regardless of nationality — protocol coverage is the whole game at reconciliation time.
- US expat with both problems (American paperwork and a mobile life): run Koinly as the system of record; add CoinLedger in a season you want its TurboTax hand-holding or professional-review services. The two aren't exclusive, and both price low enough that the wrong-tool tax exceeds the both-tools cost.
FAQ
Do I still owe US crypto taxes if I live in Turkey or Spain?
If you're a US person, yes — worldwide taxation includes disposals made from anywhere, reported on Form 8949 as always, and broker-issued 1099-DA forms now give the IRS independent visibility. Local rules stack on top depending on residency; they don't replace the US layer.
Which tool handles a mid-year country move better?
Koinly — it can render the same transaction history under different countries' rules, which is precisely what a split residency year demands. CoinLedger produces US output; if your obligation set is US-only, that limitation costs you nothing.
Does Turkey tax crypto gains under Law 7582?
Unresolved. Turkey has no dedicated personal crypto tax regime today, and Communiqué No. 333 is silent on crypto sourcing. After its strict treatment of services performed in Turkey, we'd plan conservatively and keep complete records either way.
Is crypto reportable on FBAR?
Crypto-only foreign accounts: proposed but not final, as of this writing. Mixed crypto-and-fiat foreign accounts can already fall inside ordinary FBAR analysis, and Form 8938 is a separate question. The asymmetry between disclosure cost and penalty risk favors disclosing when in doubt.
Sources
- Koinly and CoinLedger — current pricing and country coverage; independent comparisons incl. Bitbo's head-to-head
- IRS — Form 1099-DA · Form 8949 · FinCEN on FBAR scope
- Spain Modelo 721 — Agencia Tributaria; Turkey — our Law 7582 guide
Analysis and documented research, not tax, legal, or investment advice — full disclaimer. Some pages on this site contain partner links, disclosed per our affiliate disclosure; this one currently has none.
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