Updated for the One Big Beautiful Bill Act (P.L. 119-21, signed July 4, 2025) - Key 2026 changes reflected in this article: SALT cap raised to $40,000 for 2025 ($40,400 for 2026, phase-down above $505K MAGI) • 100% bonus depreciation made permanent • QBI deduction made permanent • New deductions for tips, overtime, and seniors • Federal estate exemption permanently set at $15M under OBBBA (NJ has no estate tax post-2018; NJ inheritance tax still applies by beneficiary class) • NJ does not conform on bonus depreciation, federal tips deduction, federal overtime deduction, senior bonus deduction, or Trump Accounts (§530A/§128/§6434). Last reviewed: July 2026 by Greg Monaco, CPA
In This Article
- The Short Answer
- Why This Comparison Matters in 2026
- Platform Overview
- Feature Comparison Table
- Pricing Comparison (2026)
- Where Each Platform Excels
- Where All Three Platforms Fail
- Form 1099-DA and Software Limitations
- When Software Alone Isn't Enough
- Monaco CPA 1099-DA Reconciliation Service
- Recommendation
- Frequently Asked Questions
- Ready to File With Confidence?
Disclaimer: This article is educational and does not constitute tax advice or create a CPA-client relationship. Consult a licensed CPA before filing. Circular 230 applies.
Service boundary: This article compares published software features for education only. Monaco CPA does not select or procure software, monitor portfolios, recommend sales, repurchases, lot selection, timing, loss harvesting, or investment strategy. Accepted reconciliation work uses client-supplied records under a separate written scope and promises no completeness, accuracy, notice, or tax outcome.
The Short Answer
Koinly, CoinTracker, and TokenTax can import transaction records and generate draft tax reports. Supported exchanges, chains, protocols, pricing, form exports, and manual-review needs vary by product and plan. This article does not rank their accuracy or recommend one for a taxpayer; verify current vendor documentation before purchase.
Why Records Still Matter in 2026
Centralized brokers began Form 1099-DA gross-proceeds reporting for 2025 dispositions. Basis reporting begins for covered assets in 2026, while transferred-in and noncovered assets may still require taxpayer records. Treas. Reg. Section 1.1012-1(j) uses wallet/account-level identification rules, with Rev. Proc. 2024-28 addressing the pre-2025 allocation safe harbor.
Software output depends on imports, wallet addresses, transfer tagging, timestamps, fee treatment, basis records, supported protocols, and product configuration. A vendor-generated report is not proof that every transaction or tax treatment is complete or correct.
Neutral Feature Checklist
Before choosing a product, compare current vendor documentation for supported exchanges and wallets, DeFi/NFT imports, basis methods, Form 8949 exports, 1099-DA comparison tools, transaction limits, support, data-retention terms, and manual-adjustment workflows.
Unrealized-gain dashboards or vendor-described tax-loss tools are product features, not Monaco CPA services or recommendations. Monaco CPA does not monitor those dashboards or advise on sales, repurchases, timing, or investments.
Common Record-Limit Questions
Cross-chain bridges, self-transfers, staking, liquid-staking tokens, restaking, liquidity pools, airdrops, forks, unsupported wallets, and missing basis may require manual investigation. Whether a platform classified an item correctly depends on the underlying facts and records; no categorical error rate is asserted here.
A zero or missing basis may overstate a draft gain when acquisition records exist, but the correct basis cannot be assumed. The taxpayer must substantiate basis, ownership, dates, character, and transfer history.
Form 1099-DA Comparison Scope
Under an accepted written scope, Monaco CPA may compare client-supplied Forms 1099-DA with available exchange exports, wallet records, and draft software output; apply supported basis/reporting rules; and document unresolved gaps. Professional tools do not establish a complete transaction history, guarantee that every issue will be found, or promise that a notice will be avoided.
Starting prices shown elsewhere on the site are reference points only. If work is offered after contact-form review, the covered records, fee, assumptions, exclusions, and estimated timing are stated in writing before acceptance.
Frequently Asked Questions
How should DeFi support be evaluated?
No accuracy ranking is made. DeFi support changes by product, chain, protocol, import method, and plan, and accuracy depends on the taxpayer's complete records and correct classification. Review current vendor documentation and test exports against known transactions.
Can software reconcile Form 1099-DA?
Products may import forms and flag differences, but an automated match does not establish the correct basis, transfer treatment, or completeness of off-platform activity.
Should I use software or a CPA?
Software selection is the taxpayer's decision. A separately accepted professional scope may compare specified client-supplied records and document unresolved items; Monaco CPA does not select the product or promise a savings, accuracy, completeness, or notice result.
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Ready to File With Confidence?
Tax rules change frequently. Use the contact form to request a written scope; submitting it does not promise a call, engagement, or outcome. Greg Monaco is a NJ-licensed CPA and the firm's sole practitioner.