Koinly is a cryptocurrency calculator trusted by crypto investors in over 20 countries. Koinly integrates with 700+ exchanges, blockchains, and wallets to give investors an easy and accurate way to track their crypto transactions in one place. From here, Koinly calculates the total capital gains and income an investor has derived from their crypto in any financial year.
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Based on our record, Koinly should be more popular than Bitcoin.Tax. It has been mentiond 306 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.
Every transaction you make with crypto is a taxable event. Even buying something with your bitcoin is a taxable event. So instead of looking at your balance, you have to look at each and every transaction and see how much you paid for the asset, how much you sold it for, and how long you held it. The ATO will also want a report on your crypto transactions, which you can get from koinly.io. That will also... Source: 6 months ago
Https://koinly.io/ is a popular recommendation here in Denmark. Denmark may have the worst possible taxation for crypto: every time you sell, use or convert your crypto, that's an event where you have to calculate your gains or losses. Gains are taxed like personal income (so up to 53% tax), but losses can only be deducted at 26% they do not offset the gains directly. A school teacher speculating in crypto ended... - Source: Hacker News / 7 months ago
-is it possible to track swaps and trades I'm making in defi via koinly.io or another tax tracking provider? I want to take advantage of long term capital gains vs short term whenever possible. Source: 11 months ago
Every trade where you go from 1 coin to another is a capital gains event. Take a look into https://koinly.io/ to calculate it for you. Source: about 1 year ago
I just bit the bullet and pay koinly.io to do it for me. The one thing I like about it is you can tag staked transaction (eth to eth2) as swaps so they don't show up on your taxes. It's actually free until you want them to generate a tax form for you. Source: about 1 year ago
Not an ad but I use bitcoin.tax. Works like a chart. Note, coinbase.com is different exchange than 'coinbase pro' so if you used both, then you need to set up separate API keys at both and then import both (separately) to your tax software. Source: about 1 year ago
I filed a separate Sch C for mining. I used bitcoin.tax to automatically calculate the gross income by inputting my public address (you have to pay tax on the value at the time it was mined). Tracked my hardware costs and electricity usage costs and listed them as expenses. I used the De Minimis Safe Harbor election since all my hardware costs we less than $2500 per item so that I didn't have to calculate... Source: about 1 year ago
I use bitcoin.tax last couple years. Source: about 1 year ago
Ive tried (and paid for) bitcoin.tax, cointracker and taxbit. It will not accept my gemini info for grow/earn no matter what I do. Has anyone found a way to do this? Source: over 1 year ago
Yes, it's still working and pulling data from 2022. We use it at bitcoin.tax and have customers importing their data fine at the moment. Source: over 1 year ago
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