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CoinJar tax guide

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CoinJar Tax Statements & Reports

Last updated: Saturday, 30 October 2021

Need help with your CoinJar tax statement? Our CoinJar taxes guide has everything you need to know about getting your CoinJar trade history and what the ATO know about it.

How to prepare a CoinJar tax statement

Need help calculating and reporting CoinJar taxes to the ATO, HMRC or another tax authority? Wherever you live, your local tax office wants to know about your taxable crypto transactions including your short and long-term capital gains, capital losses and any additional income from crypto. You'll need your CoinJar transaction history to get started with your CoinJar taxes.

How to download & export CoinJar trading & transaction history

You can download and export your CoinJar trading and transaction history within your CoinJar account. There's two ways to do this - and one is much simpler than the other!

  1. Use the CoinJar tax report API with crypto tax software. If you use the CoinJar tax reporting API with a crypto tax app - all your CoinJar transaction history will be automatically imported to your chosen app. You can see the full instructions on how to integrate CoinJar and Koinly here.
  2. Export CoinJar transaction history in a CSV file. You can download a CSV file of your CoinJar transaction history when you're logged into your CoinJar account. Then you can either upload this to a crypto tax app or do your crypto taxes manually.

Here's how to get your CoinJar trade history export.

Log in to your CoinJar account and select settings, then reports & statements. Now select transaction history statements then export purchase & sales CSV. Pick a date range and select export CSV report. You'll need to do the same thing to get your deposits & withdrawals CSV file, so head back to transaction history statements, then select export deposits & withdrawals CSV instead, then pick your date range and hit export CSV report. Your CSV files will be sent to the email associated with your CoinJar account - so download them from your inbox.

If you're using CoinJar exchange, you'll need an additional CSV file, so log in to your CoinJar exchange account then select fills, then report. Pick a date range and select generate report. This CSV file will be sent to the email associated with your CoinJar account, so head to your email to download it.

Does CoinJar provide a tax statement?

No, CoinJar doesn't provide a tax statement for the ATO, HMRC or any other tax office.

But you can use your CoinJar transaction history to calculate your crypto taxes using crypto tax software like Koinly.

You can do this in minutes using the CoinJar tax report API. This API fetches your CoinJar transaction data and imports it to your chosen crypto tax app. Don't worry about another app having access to your CoinJar account - the API is read-only.

If you prefer to use CSV files, follow the steps above to download your CoinJar transaction history in CSV format. You can then calculate your crypto taxes yourself using this information, or upload these CSV files into a crypto tax app.

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Does CoinJar supply a financial statement?

No, CoinJar doesn't supply a financial statement. But you can use your CoinJar transaction history as a financial statement to generate a tax report for your local tax office.

Follow the steps above to download your CoinJar transaction history, as well as your CoinJar exchange transaction history. Remember if you're uploading these CSV files to a crypto tax app, you'll need your complete CoinJar transaction history - so for as long as you've been using the account. This lets your crypto tax calculator calculate your short and long-term capital gains and losses accurately to ensure you pay the right amount in tax.

Once you have your CoinJar transaction statement, calculate your crypto taxes manually or upload your CoinJar financial statement to a crypto tax app to fetch a CoinJar tax statement in minutes.

How to generate a CoinJar tax statement

You can generate a CoinJar tax statement manually or with a crypto tax app.

If you're calculating your CoinJar taxes yourself - your tax office wants to know about all taxable crypto transactions. This includes any capital gains or losses from selling, trading, spending or gifting crypto. Your tax office also wants to know about any additional income from crypto investments, like through mining, staking or airdrops.

If you have hundreds - or even thousands - of crypto transactions throughout the financial year, this is a lot of work! If you're doing things manually, you'll need to create a spreadsheet of your crypto transactions, identify the different kinds of tax and calculate your net capital gains and losses, as well as the fair market value of any income on the day you received it.

To save hours, you can use a crypto tax app to do all this on your behalf. Just use the CoinJar tax report API or upload your CoinJar transaction history CSV files to your chosen crypto tax app. Your app will calculate your CoinJar taxes for you and generate a pre-filled tax report based on your location - for example the ATO myTax report or a HMRC Capital Gains Tax Summary.

CoinJar CSV exports

Need to get your CoinJar CSV export in time for the tax deadline? Not a problem.

Log in to your CoinJar account and select settings, then reports & statements. Now select transaction history statements then export purchase & sales CSV. Pick a date range and select export CSV report. You'll need to do the same thing to get your deposits & withdrawals CSV file, so head back to transaction history statements, then select export deposits & withdrawals CSV instead, then pick your date range and hit export CSV report. Your CSV files will be sent to the email associated with your CoinJar account - so download them from your inbox.

If you're using CoinJar exchange, you'll need an additional CSV file, so log in to your CoinJar exchange account then select fills, then report. Pick a date range and select generate report. This CSV file will be sent to the email associated with your CoinJar account, so head to your email to download it.

CoinJar tax API

If you want to save time, the easier option is just to use the CoinJar tax API. There's no fiddling around with multiple CSV files and it's easy to do.

Log in to your chosen crypto tax app and select the option to auto-sync your CoinJar account. You'll be taken to the CoinJar website where you log in and grant access for your tax app to use the CoinJar API.

Like above - if you're using CoinJar exchange, you need to sync this separately. So log in to your CoinJar exchange account, then select settings then API key. Choose read-only access and select generate a new API key. Now copy your API key and paste it into your chosen crypto tax app. Done!

Does CoinJar provide an end of year statement?

No, CoinJar does not provide an EOFY statement.

But you can use your CoinJar transaction history export to create an end of year statement. When you're picking the date range, just select a date range that reflects your financial year, for example the 1st of July to 30th of June for Australian residents or the 6th of April to the 5th of April for UK residents.

Does CoinJar report to the ATO?

The ATO announced back in 2019 that they were collecting KYC records from all Designated Service Providers (DSPs) of cryptocurrencies based in Australia - though they didn't say which exchanges specifically. The ATO have been using these records to contact crypto investors and warn them to pay their crypto taxes or face steep penalties.

As one of the most popular crypto exchanges in Australia, CoinJar is almost definitely considered a DSP by the ATO and has likely faced pressure to share KYC data to ensure tax compliance.

Does CoinJar report to other tax offices?

So we know CoinJar may report to the ATO but what about other tax authorities like HMRC or the IRS?

Tax authorities worldwide are cracking down on crypto tax evasion. Notably, the IRS and HMRC have all put pressure on crypto exchanges to share KYC data to ensure tax compliance and improve security.

As a larger crypto exchange, it is likely CoinJar have felt the pressure from tax authorities to share customer data. CoinJar is particularly popular in the UK and HMRC have confirmed they are using KYC data from exchanges to ensure crypto investors pay their taxes.

The best way to ensure tax compliance is to report your crypto taxes accurately with cryptocurrency tax software.

Koinly is a CoinJar tax calculator & reporting tool

If you’ve been wondering is Koinly a CoinJar tax calculator tool, the answer is, yes! Not only can Koinly import CoinJar transaction history, but Koinly can also calculate your CoinJar taxes in a format that makes sense for your country’s tax office. As a CoinJar tax calculator, Koinly is able to do a bunch of impressive tasks that save you time and can even save you from paying too much in tax:

  • Koinly will import all your CoinJar trades including purchases, sales, swaps, income and more!
  • Koinly will then convert your CoinJar transactions into your country’s currency, at fair market value. This in itself is a massive time saver.
  • Finally, Koinly works out which of your CoinJar trades are taxable, and which are not - calculating your CoinJar gains/losses, crypto income and more. All of this is really important for being able to submit an accurate CoinJar tax return to your tax office.

Get your crypto tax report today!

The information on this website is for general information only. It should not be taken as constituting professional advice from Koinly. Koinly is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the website information relates to your unique circumstances. Koinly is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this website.

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