Koinly Reviews and details

Social recommendations and mentions

• Tax Question. If i buy $1000 worth of crypto and sell 50% on a double and then let the balance ride. Am i exempt from paying tax on that transaction?

  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: 5 months ago

• 48-nation bloc to crack down on using crypto assets to avoid tax

  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 / 5 months ago

• Questions about defi

  -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: 10 months ago

• I made around 90K profit from a meme coin (crypto)recently and I’m 18 years old and have no idea how to go about taxes. Please help me . Also what could I do with my profits ?

  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: 12 months ago

• Staked ETH Rewards on Coinbase

  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

• Crypto losses and taxes — I have 10k in losses on Coinbase. All they have is a 6-page transaction history … am I screwed and have to type out an accounting log to show total losses?

  Https://koinly.io has been referenced here many times to help. I use coin tracker.io but more expensive. Source: about 1 year ago

• Suggestion for CSV from Keplr?

  Can you try https://koinly.io/ and see if that works. Source: about 1 year ago

• Filing taxes for some BNB I bought from moonpay in 2022. I converted this to safemoon (regretfully). Moonpay has no tax documents, just transaction history. How do I file with on this information?

  Take a look at https://koinly.io/. You can import your transaction history and generate tax documents. Source: about 1 year ago

• Koinly 🤝 TrustWallet - New SSO Integration!

  If you haven't already - make sure you sign up to Koinly now and connect your TrustWallet: https://koinly.io/. Source: about 1 year ago

• never ever dealt with a company like gemini before . TAXES are a mess because of them

  Have you tried cointracker.io or koinly.io? I don't know if they support Gemini. Crypto exchanges are weird with tax forms, doesn't make sense to me either but I think most of them only provide 1099misc. I'm probably not going to file anything crypto related with the IRS until crypto is actually regulated and exchanges create proper documentation. Source: about 1 year ago

• Exporting information for tax purposes ?

  Use the likes of koinly https://koinly.io/. Source: about 1 year ago

• I lost $50k on Gemini in 2018 and the IRS claims I owe them $1m+ on taxes that year!

  Hire a tax attorney and make sure you have records of all the deposits and withdrawals. You can use a service like koinly.io to sync your wallet and then fix any erroneous transactions. but you will likely still need representation. especially since its dragged on for 2yrs. Source: about 1 year ago

• Tax question: Coinbase showing short term gains after transferring crypto from my hardware wallet to sell. How to prove it's been held long term when doing taxes?

  Https://koinly.io is pretty good at these tax things.. Source: about 1 year ago

• How exactly do you take profits and pay tax on them - UK Exit strategy advice

  Take a look at https://koinly.io/. If you make profits, you just make sure you keep some on hand to pay your tax when it's due. Source: about 1 year ago

• How do I find a list of my transactions for tax purposes?

  You can export your transaction formatted for.any popular crypto tax software. My preference is Koinly as it has the best ASA support I've seen. Source: about 1 year ago

• Swapping on GME wallet is considered a taxable event (for US)

  Loopring has partnered with Koinly. Source: about 1 year ago

• DeFi wallet tax records?

  I use koinly.io. There I add my wallet address, and it will automatically import all transactions. Source: about 1 year ago

• Best name for a Bitcoin only web store for buying real goods like home essentials

  It's an interesting point - not sure though that would prevent individuals from buying stuff with Bitcoin. There are several apps like koinly.io that make tracking crypto taxes pretty easy - and when BTC dips people could get a tax refund on their purchases. Source: about 1 year ago

• Hashpack Wallet and Taxes

  You can get a CSV of account history from https://cryptocrystals.gitlab.io/tax/ which was made by a community member over on Discord. You can simply enter your account ID, or if you connect to HashPack (it doesn't ask to do any transactions), you can choose to export in Koinly's file format. Source: about 1 year ago

• Crypto CPA

  Koinly has them as well, here: Tax Accountants. Source: about 1 year ago

• Historical Data: CoinMarketCap Vs CoinGecko - what is better for tax documents?

  My advice is to use some app made to that like https://koinly.io/. Source: about 1 year ago