How to do your Stride taxes with Koinly
Stride is a blockchain that enables liquidity for staked tokens from any chain within the Cosmos network, letting you generate income from both staking rewards and DeFi yields throughout the Cosmos IBC ecosystem. But if you're earning crypto, you'll have a tax bill. Don't worry, Koinly can help. Here's how.
Follow these steps to sync your Stride (STRD) data automatically to Koinly:
- Open your Stride (STRD) wallet app
- Locate and copy your public address or key
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Stride (STRD) in the list
- Select API > Paste the public address/key you copied above in the appropriate box
- Hit Import and wait for Koinly to sync your data. This can take a few minutes
- Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
- Go to the Tax Reports page to view your tax liability!
- Head over to our help center
- Hit up our discussion boards - we might have already answered your question
- Ask us on social media - we're on Twitter and Reddit
- Contact us on email or live chat
- Got a feature request? Give us feedback on Canny
FAQs
What is Stride?
Stride is a multichain liquid staking platform within the Cosmos ecosystem, designed to address the prevalent trade-offs between staking for passive yield and participating in higher-risk, higher-yield DeFi activities. Recognizing the inefficiencies and limitations of traditional staking, where tokens must be locked, Stride leverages the latest developments in multichain technology to allow users to simultaneously secure the network through staking and engage in DeFi protocols without locking their assets. This dual benefit is facilitated by Stride's innovative use of liquid staking, where users can stake their tokens on any Cosmos chain and receive stTokens, enabling them to participate in DeFi without sacrificing liquidity.
What is STRD?
STRD is the governance token for the Stride blockchain. Holders can vote on key decisions relating to the network's development. STRD can also be traded like any other token on decentralized exchanges and a select few centralized exchanges.
Do I have to pay tax on my Stride transactions?
Yes. Your Stride transactions - and all your other crypto transactions - are taxable. The precise tax depends on where you live and your specific transaction, but crypto is generally subject to Income Tax or Capital Gains Tax. Learn more in our crypto tax country guides.
How do I calculate my Stride taxes?
The easiest way to calculate your Stride taxes is with a crypto tax calculator like Koinly. With Koinly, just add your public address and it'll automatically import your Stride transaction history so it can calculate your gains, losses, income, and more.
