How to File Your Swan Bitcoin Taxes with Koinly
Swan Bitcoin is a fairly unique crypto exchange, in that it's more of a Bitcoin accumulation platform. Swan Bitcoin users can set up automated recurring buy plans to help them build their Bitcoin stack long-term. Whatever your Bitcoin investments, Koinly can help with your Swan Bitcoin taxes.
Follow these steps to download your Swan Bitcoin data:
- Log in to Swan Bitcoin.
- Go to settings.
- Go to account statements.
- Scroll down to CSV exports.
- Select download deposits and purchases CSV.
- Select download withdrawals CSV.
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Swan Bitcoin in the list
- Click on it and select "File import" in the import options screen
- Upload the files you downloaded from Swan Bitcoin (one at a time) and click on Import
- Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
- Go to the Tax Reports page to view your tax liability!
- Head over to our help center
- Hit up our discussion boards - we might have already answered your question
- Ask us on social media - we're on Twitter and Reddit
- Contact us on email or live chat
- Got a feature request? Give us feedback on Canny
How do I file my Swan Bitcoin taxes?
You'll need to calculate and report any income or capital gains you made from Bitcoin with your tax office. For most people, this happens as part of your annual tax return.
There are a couple of ways you can do this - do it yourself, by identifying your taxable transactions, calculating your net capital gain or loss, and the fair market value of any crypto income.
Or, use a crypto tax calculator like Koinly to easily calculate your taxable income for you, and generate your crypto tax report, ready to file with your tax office. Koinly lets you manage all your crypto transactions - from all the blockchains, wallets, and exchanges you use - from one single platform, making crypto tax simple.
Your frequently asked questions
Does Swan Bitcoin provide tax documents?
No. Swan Bitcoin does not provide tax documents for users, but the platform does provide CSV files that can be uploaded to crypto tax software like Koinly.
How do I get tax reports and forms from Swan Bitcoin?
The easiest way to get your Swan Bitcoin tax reports is to upload a CSV file of your Swan Bitcoin transaction history to a crypto tax calculator, which can then calculate your tax liability and generate your crypto tax reports.
Does Swan Bitcoin provide financial or end of year statements?
Swan Bitcoin provides monthly account statements you can download as a PDF or CSV file or a variety of CSV files you can export to get your entire transaction history.
What does Swan Bitcoin do?
Swan Bitcoin is a Bitcoin wealth accumulation platform - so you can think of it like your personal Bitcoin savings account. Users can set up automatic recurring buys for Bitcoin monthly to help them grow their Bitcoin holdings long-term.
Is Swan Bitcoin insured?
Swan Bitcoin is licensed and regulated by Prime Trust - a large financial and digital asset infrastructure provider - and follows strong security practices, so your Bitcoin & fiat currency is safe on the platform. But Swan Bitcoin also wisely encourage users to take custody of their Bitcoin as soon as possible, by using a non-custodial, secure hardware wallet.
Which countries can I use Swan Bitcoin in?
Swan Bitcoin is available for investors worldwide including in the USA, Australia, Canada, and most of Europe. See a full list of countries Swan Bitcoin does not allow.
