How to file your TON taxes with Koinly
TON (The Open Network) is a layer-1 blockchain with high transaction throughput, enabling millions of transactions per second. But if you’ve been trading TON, you might have a tax bill. Don’t worry, Koinly can help. Here’s how.
Follow these steps to sync your TON data automatically to Koinly:
- Open your TON 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 TON 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
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FAQs
What is TON?
The TON (The Open Network) blockchain is a decentralized layer-1 blockchain initially developed by Telegram to provide fast, scalable solutions for decentralized applications, payments, and services. With its high transaction throughput, TON employs a dynamic sharding mechanism and a Proof-of-Stake consensus model, enabling millions of transactions per second. Though Telegram exited the project due to regulatory challenges, the blockchain is now community-driven. TON's ecosystem includes decentralized storage, DNS services, and more, making it suitable for mass-market DeFi and other dApps. Its native cryptocurrency, TON coin, powers transactions, staking, and governance within the network.
Do I have to pay tax on my TON transactions?
Yes. In most countries, gains and income from crypto transactions are taxable. You'll generally pay Capital Gains Tax or Income Tax depending on the transactions you've made and the rules where you live. You can learn more in our crypto tax guides.
How do I calculate my TON taxes?
The easiest way to calculate your TON taxes is to use Koinly. Just add your address and Koinly will automatically import your TON transaction data and calculate your gains, losses, income, and more.
