To get started, simply connect Koinly to the Icon blockchain via your public address or CSV file upload. Once connected, Koinly imports all your trades automatically. Next, Koinly calculates all your gains, income and expenses with easy-to-spot totals ready for your tax return. At tax time, simply download the Koinly tax report for your country and you’re good to file!
You can find your public address in the wallet you use to interact with the Icon blockchain - for example, Hana, MyEtherWallet or Trust Wallet.
We have instructions on how to do this for a variety of popular wallets on our integration pages.
Please note: you’ll need to add your public address from every wallet you use to interact with ICX in order for Koinly to calculate your crypto taxes correctly.
Depending on the ICX wallet you’re using, you may be able to export a CSV file of your transaction history from your wallet. We’ve got instructions on how to get a CSV file from a number of crypto wallets on our integration pages.
Checking your transactions and correcting any inaccuracies lets Koinly calculate and generate the most accurate tax reports for you. There are a few simple steps you can follow to check everything is in order:
Make sure you’ve connected every single wallet, exchange and blockchain you use with Koinly. It needs your entire crypto transaction history in order to calculate your cost basis, capital gains and losses and income accurately.
If there’s an issue with a specific wallet, Koinly will flag it with a small yellow icon - click the icon to find out what the issue is and how to resolve it.
It’s important you check everything has been imported to Koinly correctly. No need to go through each transaction in Koinly though - just check the following:
Finally, review the tags on your transactions. Koinly will normally do this automatically, but double check your transactions and use the tags as they apply to your country’s crypto tax rules (find your crypto tax rules). Here’s the tags you can use and when to use them.
Deposit tags (receiving crypto)
Withdrawal tags (sending crypto)
Still not quite right? No worries - we can help: