Crypto tax reports in under 20 minutes
Koinly calculates your cryptocurrency taxes and helps you reduce them for next year. Simple & Reliable.
Available in 20+ countries
Free report preview
Form 8949 & Schedule D
TurboTax & TaxAct
HMRC / ATO / CRA Report
Feeling clueless?
✅ Traded on lots of exchanges? ✅ coins spread across multiple wallets? ✅ no record of anything? We've been there too and that's why we built Koinly!
No more wasting hours downloading CSV files, formatting data, figuring out market prices, getting the tax calculations right etc.
No more. ✌
With Koinly you can import your ETH, BTC, Tezos and other transactions directly from the ledger, sync all your exchange trading history in one-click and get a ready-to-file tax report -- all in a matter of minutes!
How Koinly Simplifies Your Taxes...
Easily import your trades
Add your exchange accounts via API or CSV files and connect your blockchain wallets using public addresses.
- DeFi, Margin trades & Futures. Whether you are staking on Kraken, lending on Nexo or going long on BitMEX. Koinly can handle it all.
- Smart transfer matching. Koinly uses AI to detect transfers between your own wallets and keep track of your original cost.
Preview your capital gains
Get a glimpse of your profit/loss for any tax year - for free!
- Portfolio tracking. See your total holdings, ROI and growth over time on a beautiful dashboard.
- Profit/loss & capital gains. Easily see how much you are up or down. View realized and unrealized capital gains.
Download your tax documents
Whether you are filing yourself, using a tax software like TurboTax or working with an accountant. Koinly can generate the right crypto tax reports for you.
- Form 8949, Schedule D. If you are filing in the US, Koinly can generate filled-in IRS tax forms.
- Comprehensive tax report. Generate a full crypto tax report with all your long/short term disposals. Guaranteed to pass audits.
"I switched to Koinly last month and really loving it so far. Much better than cointracking. Good job!"
"It was easy to sync my accounts, the tax report was in good format and approved by BZSt. Great support."
"Team is very supportive, helped me import my Bibox transactions and guided me all the way. I have invited some of my friends to Koinly too and they are thanking me :D"
Popular questions
How do cryptocurrency taxes work?
Crypto is taxed in the same way as Gold and real estate. When you sell or trade crypto you have to pay tax on the difference between the selling price and the price you bought it for (minus any exchange fees). This is known as a Capital Gains Tax and has to be paid in most countries such as the USA, UK, Canada etc.
I only made a loss on cryptocurrencies, do I still have to file taxes?
Yes. It doesn't matter if you only made losses, you still have to report it to your tax agency. In fact, it is in your best interests to report your losses as this is one of the best ways to reduce your crypto taxes in the future!
Are crypto to crypto trades taxed?
Yes. Any exchange of cryptocurrencies is also a taxable event. For ex. if you exchange Bitcoin for Ripple, the IRS and other tax agencies will treat this as a sale of Bitcoin at the market price of the XRP you received.
How are Mining, Staking & Hard Forks taxed?
The same way as regular income. For ex. if you receive 10 BCH as a result of the Bitcoin Cash fork then you will need to declare this as additional income, using the fair market value of the BCH at the time you received it.
How can I avoid paying tax on my Bitcoin trades?
It's actually very difficult to avoid crypto taxes. Every time you transfer funds to an exchange you are leaving a papertrail that tax agencies can catch on to. In the past, exchanges like Coinbase and eToro have handed over data on thousands of users to tax authorities.
Do I have to pay tax if I transfer crypto from one wallet to another?
No, you don't. As long as you own both wallets there's no tax to pay on transfers. However, you still have to keep track of the original cost of the transferred coins and have sufficient proof of it.
How can Koinly help?
Koinly automatically imports your transactions, finds all the market prices at the time of your trades, matches transfers between your own wallets, calculates your crypto gains/losses and generates your tax reports!