How to file your Daedalus taxes with Koinly

Daedalus is a full node wallet for Cardano - letting investors stake ADA and earn rewards. You can connect Daedalus to Koinly using API or by importing a CSV file of your transaction history. Once you’re connected, Koinly will calculate your Daedalus taxes in no time at all.


Follow these steps to sync your Daedalus (ADA) data automatically to Koinly:

  1. Log in to your Daedalus account.
  2. Select more from the top menu.
  3. Under wallet public key, click the icon on the right to reveal your Daedalus public key.
  4. Copy your public key and paste it in the field in Koinly.

On Koinly:

  1. Create a free account on Koinly
  2. Complete onboarding until you get to the Wallets page and find Daedalus (ADA) in the list
  3. Select API > Paste the public address/key you copied above in the appropriate box
  4. Hit Import and wait for Koinly to sync your data. This can take a few minutes
  5. Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
  6. Go to the Tax Reports page to view your tax liability!
Having trouble connecting Daedalus (ADA) with Koinly?

How are Daedalus transactions taxed?

The tax you’ll pay on your Daedalus transactions depends on where you live and the transactions you’ve made. For more information about crypto tax where you live, check out our crypto tax guides, but in brief:

  • Capital Gains Tax: If you’ve sold or swapped crypto using your Daedalus wallet - whether that's coins, tokens, stablecoins or NFTs - you'll likely need to pay Capital Gains Tax on any gain you make.

  • Income Tax: If you've received or generated new tokens on Daedalus - like through liquidity pools or ADA staking rewards for example.

How do I file my Daedalus Wallet taxes?

To file your Daedalus taxes, you'll first need to calculate and report any income or capital gains you made from Daedalus with your country's tax office. Generally, this activity is included in your annual tax return.

There are a couple of ways you can calculate your income and gains. You can either do it manually, by identifying your taxable transactions, calculating your net capital gain or loss, and the fair market value of any crypto income.

Or, you can use a crypto tax calculator like Koinly that will automatically generate a country-specific tax report for you, ready to be filed with your tax offices. All calculations will be completed by the app, no manual work is required!

Koinly works by importing your Daedalus transaction data to analyze what's taxable, and what's not.

Your frequently asked questions

Does Daedalus have tax documents?
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Does Daedalus provide financial or end of year statements?
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Can you stake on Daedalus wallet?
Is staking ADA taxed?