Best NFT Tax Software for Crypto Investors (2025 Guide)

2025-11-26

NFTs have exploded in popularity, from digital art and gaming assets to virtual land and collectibles. But along with the hype comes something far less fun, NFT taxes.

If you’ve traded, minted, or sold NFTs, you already know how complicated tracking taxable events can get. That’s why reliable NFT tax software has become essential for crypto investors in 2025.

This guide will break down how NFT taxes work, what makes them tricky, and which tools can help you stay compliant while saving time (and possibly money).

Understanding NFT Tax

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Before choosing the best NFT tax software, it’s important to understand how the IRS treats NFTs. In most cases, NFTs are taxed the same way as other digital assets like Bitcoin or Ethereum, as property.

Every time you buy, trade, or sell an NFT, you may trigger a taxable event. Here are the key points to know:

1. Buying an NFT with crypto = disposing of your crypto

2. Trading NFTs = taxable event

3. Selling an NFT = capital gain or loss

4. Creator royalties = ordinary income

5. Minting isn’t taxed, but disposing of crypto used for minting is.

Even simple transactions can result in multiple taxable events. That’s why manual tracking is nearly impossible, making NFT tax software a lifesaver.

Are NFTs Taxable?

Yes. For U.S. taxpayers, most NFT transactions are taxable. The IRS treats NFTs as property, but some could soon be classified as collectibles, which may carry a higher long-term capital gains rate of 28%.

Here are taxable NFT activities include:

- Buying an NFT with cryptocurrency.

- Selling an NFT.

- Trading NFT for NFT.

- Receiving NFT royalties.

And here are non-taxable activities include:

- Minting NFTs (but using appreciated crypto for minting is taxable).

- Transferring NFTs between personal wallets.

With regulations evolving, keeping accurate records is essential, and that’s where NFT tax software comes in.

The Importance of NFT Tax Software

The more you trade NFTs, the harder it gets to track:

- Cost basis

- Sale proceeds

- Fair market values

- Gas fees

- Profit or loss

- Income from royalties

- DeFi-related NFT activity

Using NFT tax software ensures everything is logged automatically and calculated correctly, reducing stress during tax season and helping avoid costly mistakes.

Best NFT Tax Software for Crypto Investors

Below are the top features to look for in NFT tax tools, followed by the platform that currently leads the market.

The best NFT tax software should include:

- Automatic import from exchanges, wallets, and NFT marketplaces.

- NFT-specific tracking (mints, trades, royalties).

- Real-time portfolio valuation.

- Support for DeFi, airdrops, and staking-related income.

- Tax-loss harvesting suggestions.

- Global tax support.

- Integration with TurboTax and other filing services.

TokenTax: Best NFT Tax Software 2025

TokenTax has emerged as one of the strongest NFT tax software solutions thanks to its comprehensive tracking tools and worldwide tax support.

Here are the key features of TokenTax:

1. Automatic Data Import: TokenTax connects to major CEXs, DEXs, wallets, and NFT platforms. You can use API integrations or upload CSV files from any exchange or marketplace.

2. NFT & DeFi Transaction Support: The platform identifies all taxable events involving NFTs, including mints, swaps, royalties, sales, and even gas fees.

3. Comprehensive Tax Reporting: TokenTax generates accurate tax forms based on your country, including IRS Form 8949 for U.S. users. It supports cost-basis methods like FIFO, LIFO, and HIFO.

4. Tax-Loss Harvesting Tools: TokenTax helps users identify opportunities to offset gains and reduce taxes, a major advantage for active traders.

5. Full-Service Filing: For investors who need additional help, TokenTax offers access to tax professionals who can file taxes for you.

6. Global Jurisdiction Support: Whether you're in the U.S., UK, Australia, or elsewhere, TokenTax adapts to local tax rules.

7. Seamless Tax Software Integration: You can export reports directly to platforms like TurboTax for quick filing.

Common NFT Tax Examples

Here are the common NFT tax examples:

1. Buying an NFT with Appreciated Crypto: If you bought ETH cheap and spent it on an NFT when its value rose, you owe capital gains tax on the difference.

2. Selling an NFT: Selling an NFT for more than you paid results in capital gains. Holding longer than a year means lower long-term tax rates.

3. Selling at a Loss: Losses can be used to offset gains, software helps track this automatically.

4. Royalties: If you earn creator royalties, those are counted as ordinary income.

Conclusion

NFT taxes can be confusing, especially when dealing with multiple blockchains, mints, trades, and royalties. The right NFT tax software removes the headache by automatically tracking transactions and generating accurate tax reports.

In 2025, TokenTax stands out as the best all-around solution thanks to its powerful NFT support, global coverage, and ease of use. If you’re an active NFT investor or creator, using tax software isn’t just helpful, it’s essential.

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FAQ

Do I really need NFT tax software?

If you trade NFTs regularly, yes. Manual tracking is extremely time-consuming and often inaccurate.

Is NFT minting taxable?

Minting itself isn’t taxable, but spending appreciated crypto to mint is a taxable disposal.

Are NFT losses tax-deductible?

Yes. You can use losses to offset gains or even reduce some income depending on your situation.

Does the IRS treat NFTs differently from crypto?

Currently, NFTs are taxed like other digital assets, but some may eventually be treated as collectibles with higher tax rates.

What’s the best NFT tax software for 2025?

TokenTax offers the most complete NFT tax tracking and reporting tools for investors, traders, and creators.

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Disclaimer: The content of this article does not constitute financial or investment advice.

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