Awaken

awaken.tax ↗

Use wallet suggestions and priority flags to review crypto tax records

SI Score
80/100
Pricing
Freemium AI reading, not confirmed
Free plan
Yes AI reading, not confirmed
Sign-up required
Required AI reading, not confirmed

Ask SI about Awaken

Answers use saved listing facts and recorded sources.
Homepage screenshot
Screenshot of the Awaken homepage

What it does

Awaken brings wallet and exchange histories into crypto reporting workflows for individuals and businesses. Its free Minnow account includes portfolio tracking and a capital-gains preview but no report exports; paid annual plans start at $99 for 300 transactions.

Awaken’s review process begins with the accounts that may be missing. On the Accounts page, the orange suggestion link opens potential wallets identified from your transaction history. Inspect the transactions and add a suggested wallet only if you recognize it as yours.

Next, use the red notification dot on Transactions to reach high-priority entries. In Taxes, clicking a monthly bar in the capital-gains or income chart opens the transactions behind that total. This gives a practical route from an unexpected number to the records that produced it. Apply corrections, then use Recalculate when it turns orange on Transactions.

Labels change how the software interprets sent and received assets. For example, a direct staking deposit and an exchange for a receipt token represent different structures. Review Needs Review entries against the actual activity, and choose settings appropriate to your jurisdiction; an automatic classification is not a legal conclusion. Edit History lets you select previous changes and undo them if a correction was mistaken.

Allowances and exports

Minnow’s comparison table lists 100 transactions and no tax-report downloads. Fish is $99 per year for 300, while Dolphin starts at $199 for 1,000 and rises through larger allowances. Pricing counts the current tax year, and Awaken says annual access does not charge again automatically. Full-service bookkeeping starts separately at $3,000 per year.

A paid current-year subscription also unlocks earlier years’ reports. In Taxes, select the desired year, generate the relevant report and refresh after processing to download it. Keep the complete historical imports even when buying access based on a recent year’s activity, because earlier purchases can still explain later gains.

Strengths

  • Edit History supports undoing several corrections together
  • A paid subscription includes report downloads for prior years
  • Business accounting and specialist bookkeeping have separate service routes

Watch out for

  • Free account access excludes downloadable tax reports
  • Automated labels still need review when protocol activity is ambiguous

Best for

  • Active wallet users investigating unusual monthly gains or income
  • People reconciling histories that may omit an older wallet

Sources