You might be wondering, does Luxor provide CSV tax and trade history reports? Is it even possible to get tax info and statements from Luxor? The good news is, while Luxor might not provide tax forms and documents, it does offer an easy way to export transaction and trade history!
Luxor pairs with Koinly through CSV file import to make reporting your crypto taxes easy. Once connected, Koinly becomes the ultimate Luxor tax tool. How? Koinly will calculate your Luxor taxes based on your location AND generate your EOFY tax report, all within 20 minutes! All you’ll need to do at tax time is download your Luxor tax statement from Koinly and file it with your local tax authority. Done!
Good to know
If you're using the CSV file upload method make sure to import your deposits, withdrawals and trades for ALL trading years and not just the current year. This will allow Koinly to correctly calculate your taxable position.
If you’ve been wondering is Koinly a Luxor tax calculator tool, the answer is, yes! Not only can Koinly import Luxor transaction history, but Koinly can also calculate your Luxor taxes in a format that makes sense for your country’s tax office. As a Luxor tax software, Koinly is able to a bunch of impressive tasks that save you time and can even save you from paying too much taxes.
Koinly is a cryptocurrency tax calculator, but it also works great as a portfolio tracker. Once you've imported your Luxor transaction history, head to your dashboard on Koinly. Here you can see your Luxor balance, profits and transactions and assess your portfolio with ease.
Don't worry if your tax deadline is looming, Koinly makes it easy to fetch your Luxor tax report. Once you've synced your wallets and checked your transactions, to generate your tax report, Koinly will identify the market rates for all your transactions and convert this into the currency of your choice, for example, USD. Then Koinly calculates your taxable position, including short and long term gains, losses, income and expenses.
All this information is collated into one easy-to-read summary with a variety of available tax reports to download, including your Luxor Transaction History, Capital Gains Report, Income Report and more. Koinly also generates specific tax reports, based on where you live. For example, the HMRC Capital Gains Summary for UK investors or the IRS Schedule D Form for US investors.
Head into the tax reports page and download the correct tax report for your country. Once you've done this, just file your taxes with your relevant tax authority. Every country does this a little differently, so make sure you check your tax deadline. In most countries, you can submit your annual tax return online.
You could even invite your accountant to view your Koinly portfolio, transaction history and Luxor tax report! Do this from your account settings.
Koinly has a great help section here, full of excellent advice form our amazing customer support team. You'll find answers to common queries about integrating Luxor and Koinly here, as well as answers to some more unusual problems. Here's some of our most frequently asked questions about Luxor integration: