Best Crypto Tax Software for CPAs and Accounting Firms in 2026

Last Updated: February 2026
Updated for current IRS guidance, Form 8949 reporting standards, and 1099-DA broker requirements for digital assets.

Key takeaways

• In 2026, Blockstats leads as the top choice for CPAs due to its AI-driven 1099-DA reconciliation, while TokenTax remains a favorite for HNW enterprise portfolios.

• Blockstats is the best crypto tax software for CPAs and accounting firms managing DeFi-heavy and high-volume clients in the USA.

• 1099-DA readiness and accurate cost basis tracking are now non-negotiable for 2026 compliance.

• Modern firms need automation, AI-driven transaction labeling, and deep analytics, not spreadsheet exports and manual corrections.

Crypto tax reporting has evolved from a niche service into a core offering for many accounting firms. Between diverse crypto trading activity, staking rewards, NFT trades, and the rollout of 1099-DA broker reporting requirements, CPAs are now expected to deliver both technical precision and audit-ready documentation.

The problem is that most tools were built for individual investors, not firms managing hundreds of complex crypto clients. This guide reviews the best crypto tax software platforms built for CPAs and accounting professionals managing multiple client portfolios in 2026.

Blockstats vs TokenTax vs CoinTracking: Which is best?

Top 3 crypto tax software for CPAs & Accounting Firms

In 2026, the best crypto tax software for CPAs centers on platforms offering high-volume transaction processing, accountant dashboards, and deep integration with tax software like TurboTax and H&R Block. 

1. Blockstats – Best overall for CPA clients

Blockstats stands out as the best crypto tax software for CPAs managing clients involved in crypto activities such as investing, trading, lending, mining, and staking. 

Built by crypto traders and tax professionals, it addresses real-world challenges that accounting firms face daily. The platform's historical price engine tracks over 15,000 tokens with 1-minute interval precision, ensuring accurate cost basis calculations during IRS audits. 

The Elite plan starts at $299/year, which includes priority support and a dedicated account manager for client service. Blockstats automatically categorizes and labels transactions using AI. That drastically reduces review time compared to manual tagging. It generates IRS-ready Form 8949 and Schedule D reports, supports TurboTax exports, and aligns reporting for 1099-DA broker reconciliation.

Blockstats is best for CPAs managing high-volume clients who require compliance precision and portfolio-level transparency.

Best for: firms with clients with multiple crypto activities, prioritizing accuracy and tax optimization

2. TokenTax – Best for enterprise-level accounting

TokenTax caters to accounting firms managing high-net-worth clients and institutional portfolios. At $499/year for the Professional plan, it offers white-label reporting capabilities that allow firms to brand reports with their own logo and identity. 

TokenTax shines in its comprehensive audit trail documentation and direct CPA collaboration features through a dedicated portal. The platform supports complex tax scenarios, including wash sale tracking, margin trading, and futures contracts. While it generates IRS forms, its analytics and cost basis visibility are less robust compared to modern AI-driven platforms like Blockstats.

Best for: firms prioritizing white-glove support over in-house automation

3. Cointracking – Best for international client portfolios

Cointracking has established itself as a reliable option for CPAs managing clients across multiple jurisdictions. Priced at $449/year for the Professional tier, it supports tax reporting for countries and provides portfolio analytics alongside tax features. The platform offers multi-client management and an intuitive interface. 

Cointracking's exchange integration network is extensive, though its cost basis calculation methods are slightly less flexible than competitors. The platform's strength lies in its maturity and established track record, though it lacks the AI-driven optimization features found in Blockstats.

Best for: Firms with international clients, practices prioritizing ease of use

Why Blockstats is best for CPAs and Accounting Firms in 2026

Modern accounting firms need clarity, audit defense, and client transparency. Blockstats addresses each of these directly.

Blockstats emerges as the best crypto tax software for CPAs handling modern digital asset portfolios. The platform is built to solve the specific challenges accounting professionals face when clients engage in cryptocurrency activities beyond simple buy-and-hold strategies.

Comprehensive crypto tax compliance

Blockstats generates all IRS-required forms, including Form 8949, Schedule D, and TurboTax-compatible files, ensuring clients remain fully compliant with current reporting requirements. The platform automatically handles the new 1099-DA broker reporting rules, reconciling exchange-provided forms against actual transaction histories to catch discrepancies before filing. 

AI-driven transaction labeling

The platform's AI automatically categorizes transactions across thousands of events, including trading, staking rewards, airdrops, DeFi liquidity provision, and NFT sales. This intelligent labeling reduces manual review time by up to 85%, allowing CPAs to focus on tax strategy rather than data entry. 

The AI has been trained on millions of blockchain transactions, ensuring accurate classification even for crypto activities. For firms billing hourly, this efficiency translates directly to improved profit margins on crypto tax engagements.

Wide integration support

With 500+ supported wallets and exchanges, Blockstats connects directly via API or wallet sync, minimizing CSV file uploads. Whether clients trade on major exchanges like Coinbase and Binance US, or use decentralized platforms on Solana, Ethereum, or Polygon, Blockstats syncs automatically. 

The platform handles everything from MetaMask wallets to Phantom and hardware wallets. This breadth of integration means CPAs can confidently accept clients regardless of their platform preferences.

Performance analytics for client advisory

Beyond tax compliance, Blockstats functions as the best crypto portfolio tracker for professional use. CPAs can provide clients with detailed performance insights, including realized and unrealized gains, ROI by asset, and cost basis tracking across all holdings. 

These analytics facilitate proactive tax planning, identifying optimal times for loss harvesting or tax-efficient portfolio rebalancing. The performance page displays current and sold positions, giving CPAs a complete picture of client crypto activity throughout the tax year.

Targeted for professionals

Unlike consumer-focused tools, Blockstats understands professional accounting workflows. The CPA plan includes batch processing for multiple client portfolios, custom export formats for popular tax software, and the ability to switch cost basis methods. The platform maintains read-only API access to client accounts, preserving security while enabling CPAs to monitor ongoing activity.

Priority support and dedicated account manager

The $299/year Elite tier provides direct access to a dedicated account manager who understands the urgency of tax season deadlines. Priority email and chat support mean technical questions receive responses within hours, not days. This is why Blockstats is ideal for accounting firms managing multiple clients.

1099-DA readiness and broker reconciliation

Starting in 2026, digital asset brokers are required to issue Form 1099-DA. This increases mismatch risks between exchange-reported transactions and on-chain wallet movements.

CPA firms must reconcile:

• Broker-reported sales

• Internal wallet transfers

• DeFi activity is not covered by brokers

Blockstats enables cross-verification between exchange data and wallet activity, reducing discrepancies before filing. This positions it as one of the best crypto tax software options in the USA for firms preparing for broker-reporting enforcement.

What CPAs should look for in crypto tax software in 2026

The best crypto tax software for CPAs must align with both compliance and scalability.

Detailed dashboard for multi-client oversight: Firms need visibility into gains, losses, holding periods, and unrealized positions. Blockstats' dashboard provides an at-a-glance status for all clients, highlighting those with incomplete transaction histories or potential tax optimization opportunities.

IRS compliance & 1099-DA readiness: Software must generate Form 8949 and Schedule D accurately while preparing for broker-based 1099-DA reconciliation. Blockstats automatically flags discrepancies between exchange-reported values and actual cost basis calculations, preventing filing errors.

Different trading and investing support: Client portfolios vary dramatically. Some hold Bitcoin long-term while others actively trade DeFi protocols. Your software should handle spot trading, margin positions, futures contracts, staking rewards, liquidity mining, NFT sales, airdrops, and hard forks. Blockstats supports different trading types and investing.

Cost basis flexibility: Different clients benefit from different cost basis methods depending on their trading patterns and tax situation. FIFO works for long-term holders, while HIFO can minimize gains for active traders. Blockstats supports all major methods and enables switching calculations to compare outcomes. You can read more about how FIFO and LIFO affect crypto tax liability.

Tax optimization visibility: The best platforms calculate taxes, and they identify opportunities to reduce them. Features such as loss harvesting alerts, wash sale warnings, and gain/loss projections are important. 

Integration with accounting software: Data flow between crypto tax software and your firm's accounting tools, like QuickBooks, Xero, Drake, and Lacerte, is an important factor. This Seamless flow eliminates double-entry and reduces errors. Blockstats offers CSV exports compatible with major tax software and integrations with tools like QuickBooks and Xero.

Conclusion

Crypto accounting in 2026 demands more than transaction imports and basic exports. CPA firms need automation, audit defensibility, 1099-DA alignment, and DeFi accuracy. Blockstats stands out as the best crypto tax software in the USA for CPA and firms managing multiple crypto clients.

While TokenTax and CoinTracking remain established tools. But Blockstats combination of AI-powered optimization, detailed analytics, and professional features delivers unmatched value.

Ready to see how AI can transform your firm's tax season?

Schedule a Demo with Blockstats

Frequently asked questions

What is the best crypto tax software for CPAs in 2026?

Blockstats is widely regarded as the leading crypto tax software for CPAs who handle clients with diverse crypto activities. It’s AI automatically categorizes these activities, such as staking, mining, and trading across multiple exchanges.

Can Blockstats handle multiple client portfolios simultaneously?

Yes. Blockstats Elite plan supports managing multiple client accounts with separate logins, individual cost basis methods, and bulk report generation. CPAs maintain read-only access to client portfolios while preserving data security and privacy between different clients' accounts.

Is Blockstats compliant with current IRS cryptocurrency reporting requirements?

Yes. Blockstats generates IRS Form 8949, Schedule D, and files compatible with TurboTax and other major tax software. The platform stays updated with current IRS guidance, including new 1099-DA broker reporting rules implemented for 2025 tax year compliance.

What happens if a client uses an unsupported exchange or wallet?

Blockstats supports 500+ platforms, covering virtually all major exchanges and wallets. For rare unsupported platforms, CPAs can manually upload CSV transaction files. The AI will categorize transactions and calculate cost basis, maintaining accuracy across the entire portfolio.

How does Blockstats compare to CoinTracker for professional accounting use?

Blockstats offers superior DeFi support, AI-powered optimization, and minute-by-minute price accuracy versus CoinTracker's daily snapshots. For CPAs specifically, Blockstats provides dedicated account management and priority support at a lower price point, $299 vs $399 for professional tiers.