ZenLedger: An In-Depth Overview

ZenLedger offers a versatile software platform that allows users to efficiently import trade histories, compute applicable taxes, and automatically complete tax forms, including IRS 8949. The inception of ZenLedger occurred in late 2017, giving it a relatively brief operational history compared to competitors like BitcoinTaxes, which have been active since 2014. Notably, ZenLedger's full integration with major exchanges is still a work in progress, setting it apart from other tax software solutions.

On the ZenLedger website, it's indicated that efforts are underway to integrate reports from exchanges such as Coinbase, GDAX, Bittrex, Kucoin, Gemini, Poloniex, and more. It's important to highlight that these exchanges are already integrated with alternative tax software options. The ZenLedger team comprises individuals with substantial expertise in both finance and technology.

The service offerings of ZenLedger are structured into three tiers:

• Free Option: Allows users up to ten transactions.
• $99 per Tax Year Option: Offers up to 1000 transactions.
• $199 per Tax Year Option: Provides unlimited transaction processing.

The free option may not provide sufficient utility, especially for users who engage in cryptocurrency transactions warranting tax filings, as these often exceed ten transactions. The $99 per year tier is likely to suit the needs of most users, excluding advanced and frequent traders. It's important to note that ZenLedger's pricing is higher than that of its competitors.

ZenLedger's scope extends beyond the United States. The platform is actively working towards supporting global currencies, currently accommodating USD, GBP, EUR, and JPY. Users have the flexibility to input transactions across various ledgers, obtaining an aggregated outcome that aligns with their tax filing requirements. Additionally, ZenLedger is forging partnerships with CPA firms and cryptocurrency hedge funds, enhancing users' connections with these professional entities.