5 Best Awaken Tax Alternatives to Use in 2026

Updated for Feb 2026 IRS guidance and the latest regulations. 

Key takeaways

• Blockstats stands out as the most complete Awaken alternative for US taxpayers in 2026

• Awaken Tax focuses heavily on DeFi, but US investors often need stronger IRS reporting and portfolio analytics

• TurboTax works for simple crypto activity but lacks native DeFi and on-chain tracking

• TokenTax and ZenLedger cater to higher-end or accountant-assisted filings at a higher cost

Looking for an Awaken alternative? While Awaken works, it’s not always the best fit for US taxpayers who need IRS-ready reporting, cost-basis accuracy, and portfolio-level insights. This guide reviews five alternatives, including pricing, features, portfolio tracker, and the best crypto tax software

Which are the best Awaken alternatives in 2026

What is Awaken Tax

Awaken Tax is a crypto tax platform offering portfolio tracking and tax reporting with support for DeFi and NFTs. Pricing ranges from free 100 transactions to $999/year for traders with up to 50,000 transactions.

Why do you need Awaken alternative?

While Awaken offers many features, several factors drive users to alternatives. The pricing escalates quickly from $0, $99, $399, then $999, becoming expensive for active traders. 

Users report transaction categorization challenges. For US taxpayers seeking better accuracy, value, and more precise cost basis tracking for the 2026 tax season, alternatives deliver compelling benefits.

1. Blockstats

Blockstats stands as the premier Awaken alternative for US users, prioritizing accuracy and intelligent tax optimization. Unlike Awaken, which prioritizes on-chain activity alone, Blockstats combines multi-chain DeFi support with IRS-compliant reporting and real-time portfolio analytics.

It automatically tracks transactions across wallets and exchanges, calculates accurate cost basis using historical USD pricing. And generates Form 8949 and Schedule D reports ready for TurboTax or CPA filing. 

Pros

• AI-powered tax optimization identifies missed loss harvesting and deductions, with users reporting $1,200+ savings

• Superior cost basis accuracy with 1-minute interval pricing across 15,000+ tokens for audit defense

• Pricing starts from free to $299/year, cheaper than Awaken for high-volume traders. The paid plan with tax report costs $59/year

• Full cost basis flexibility supporting FIFO, LIFO, and HIFO with easy method switching

Cons

• Advanced features require paid plans, such as downloading crypto tax reports

• Currently, it's only available in the web version.

Why is Blockstats the best Awaken alternative for US taxpayers in 2026?

Blockstats solves three critical problems: accuracy, automation, and optimization.

The minute-by-minute pricing engine captures exact transaction values, crucial when the IRS audits your cost basis. Unlike platforms using daily averages, Blockstats tracks precise valuations that hold up under scrutiny, especially for volatile DeFi tokens. Intelligent automation categorizes transactions that trip up competitors like LP rewards and airdrops. Users report saving 45+ hours compared to manual tracking.

AI optimization report taxes and actively reduces your burden by flagging loss harvesting opportunities and ensuring the most tax-efficient cost basis method for your situation.

The pricing advantage is clear:

Awaken charges $99 for 300 transactions, while Blockstats offers $59/year for 1,000 transactions and $299/year for 100,000 transactions, with better accuracy and features at a lower cost.

Get started with Blockstats free, or upgrade to generate your complete 2026 tax report.

2. TurboTax

TurboTax is one of the most popular tax platforms. While not crypto-specific, it offers basic reporting that works for simple portfolios. Its strength lies in handling your entire tax return in one place, with a user-friendly interface that imports reports from dedicated crypto software like Blockstats.

Pros

• All-in-one solution handling entire returns from W-2s to crypto gains

• Trusted brand with maximum refund guarantee

• Expert guidance available for complex situations

Cons

• Not built for crypto, lacking specialized DeFi, staking, and NFT features

• Limited integrations with only 10+ exchanges supported directly

• Manual entry required for most DeFi and multi-chain transactions

• Transaction limits problematic for active traders

3. TokenTax

TokenTax is a crypto tax platform offering both software and white-glove services for high-net-worth individuals and crypto businesses. With in-house crypto tax specialists, TokenTax provides full-service accounting where experts handle your entire filing process for $3,499.

Pros

• Full-service accounting with crypto specialists managing everything for premium clients

• Customer support at every pricing tier

• TurboTax integration for seamless filing

Cons

• Expensive pricing starting at $65 and scaling to $199+ for just 100 transactions

• No free plan requiring payment before testing

• Software limitations with a focus on professional services over self-service improvements

4. Koinly

Koinly serves users in 100+ countries with broad international tax support. The platform integrates with hundreds of exchanges and blockchains, offering automatic API imports and country-specific tax reports for global investors.

Pros

• International support for 100+ countries with jurisdiction-specific tax formats

• Broad integration with hundreds of exchanges and blockchains

• Tax-loss harvesting reports identifying offset opportunities

Cons

• Transaction mislabeling requiring manual corrections that defeat automation

• Limited help resources make troubleshooting challenging

• Incomplete DeFi tracking for newer protocols and L2 solutions

• Support delays, especially for lower-tier plan users

5. ZenLedger

ZenLedger is a US-focused crypto tax platform built with CPAs and audit readiness in mind. It integrates directly with TurboTax and emphasizes clean, accountant-friendly reporting. While ZenLedger supports basic features, many advanced features are restricted to higher-priced plans. Users often note a steeper learning curve and additional fees for premium support.

Pros

• Audit support helping defend returns under IRS questioning

• Comprehensive DeFi support in higher-tier plans

• TurboTax integration for direct import

Cons

• Expensive support requiring the Unlimited Plan at an additional $600/year

• Complicated interface with a steep learning curve

• Limited free plan pushing users toward paid tiers

• Pricing complexity with add-ons, making total costs unclear

What key features to consider when choosing the best crypto tax software

DeFi and NFT support: Determine real-world usability. Verify your software properly classifies the cost basis for different trading and investing activities.

IRS compliance: Look for Form 8949 with complete details, Schedule D summaries, and audit trails. The IRS now requires per-wallet cost basis tracking under 2026 regulations.

Cost basis flexibility: Support for FIFO, LIFO, HIFO, and specific ID methods lets you optimize tax outcomes. Comparing methods before filing can save thousands when FIFO versus LIFO produces different liabilities.

Integration quality: API connections beat CSV uploads. Real-time syncing prevents missing transactions before deadlines. Verify your specific exchanges and blockchains sync properly.

Customer support and transparent pricing: Chat support beats multi-day email responses when deadlines approach. Pricing is another factor to look at before you choose the best crypto tax software to calculate your crypto taxes.

Conclusion: Which Awaken alternative is right for US investors?

If you are still confused about which tax software is best. Blockstats is the best Awaken alternative in the USA, which balances accuracy, features, and cost. 

Blockstats leads for US taxpayers needing professional accuracy without high pricing. With AI optimization, portfolio tracking, and strong DeFi support at transparent pricing that range from $59-$299/year, Blockstats delivers exceptional value in 2026.

Try the crypto tax calculator or profit calculator to estimate your 2026 tax liability now.

Get started with crypto tax software

Ready to file stress-free? Start with Blockstats for free. Track your portfolio and see your tax liability before paying. Import wallets in under 60 seconds and download IRS-compliant forms when ready.

Frequently asked questions

What is the best crypto tax software?

Blockstats is the best crypto tax software for US taxpayers in 2026, offering Integration with popular exchanges and wallets, AI-powered tax optimization, cost basis tracking, and DeFi and NFT support starting at $59/year.

What is the best way to file crypto tax?

The best way to file crypto taxes is using specialized software like Blockstats to automatically import transactions, calculate cost basis, identify tax-loss harvesting opportunities, and generate IRS-compliant Form 8949 and Schedule D.

Is TurboTax good for cryptocurrency?

TurboTax works for simple cryptocurrency portfolios with basic exchange transactions but lacks specialized features for DeFi, NFTs, staking, and mining. Crypto investors should use dedicated crypto tax software like Blockstats to calculate their crypto taxes accurately.

Can I automate portfolio tracking and tax reporting?

Yes, modern crypto tax platforms like Blockstats fully automate portfolio tracking and tax reporting by connecting directly to 500+ exchanges, wallets, and blockchains via API. The software automatically imports transactions, classifies them correctly, calculates real-time cost basis, and generates tax forms, eliminating manual spreadsheet tracking and reducing errors.

Which alternative is best for different trading styles?

Blockstats supports every trading type from simple spot trading on a crypto exchange to future trade on a decentralised exchange. TurboTax works for casual holders with simple exchange trades. TokenTax and ZenLedger serve high-net-worth individuals wanting full-service professional accounting.

What is a cheaper alternative to Awaken?

Koinly offers lower entry pricing, but for US taxpayers seeking accuracy and compliance, Blockstats provides better long-term value. Blockstats offers better value than Awaken, with pricing from $59-$299/year versus Awaken's $99-$999/year structure. Blockstats provides more generous transaction limits of 5,000 transactions for $99 versus Awaken's 300.