How to file your Celsius taxes with Koinly

The Celsius app and web versions are shutting down on Feb 28, 2024. Download your transaction history in CSV format before this day. Here’s how.

Learn more about Celsius bankruptcy taxes and refunds.

Celsius Network was a popular CeFi lending platform that attracted more than 1.7 million investors looking to earn passive income on their held assets. However, in June 2022, Celsius paused all withdrawals and filed for Chapter 11 bankruptcy in July 2022, leaving many investors unable to access their funds. Despite this, you may still need to report your taxable Celsius transactions to your tax office - and Koinly can help. Here’s how.

Follow these steps to download your Celsius Network data:

Celsius paused all withdrawals, swaps and transfers on the 12th of June 2022 and filed for bankruptcy on the 14th of July 2022. Despite this, users may still need to report any taxable transactions on Celsius prior to the platform halting operations. The Celsius site is still operational at the time of writing, although a pop-up appears warning the company has filed for bankruptcy. If you close the pop up, you should still be able to log in to your Celsius account and export your transaction history.

  1. Log in to the Celsius app.
  2. Select account balance in the top left.
  3. Select send CSV to email.
  4. Your CSV file will be sent to the email associated with your Celsius account - download it from here.

On Koinly:

  1. Create a free account on Koinly
  2. Complete onboarding until you get to the Wallets page and find Celsius Network in the list
  3. Click on it and select "File import" in the import options screen
  4. Upload the files you downloaded from Celsius Network (one at a time) and click on Import
  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!
Notes / Limitations

Celsius' app and web version is shutting down on Feb 28th, 2024. We recommend that you download your transaction history in CSV format before this day.

How to export your CSV history from Celsius:

Having trouble connecting Celsius Network with Koinly?

Does Celsius report to the IRS?

Yes, Celsius reported to the IRS. Any time you received a 1099 form from Celsius, the IRS received an identical copy.

How do I file my Celsius taxes?

Celsius bankruptcy proceedings may drag on for several years - much like the Mt. Gox proceedings. While investors may eventually see some of their funds returned, it’s unlikely to happen any time soon.

Worse still, you may still need to report your taxable transactions on Celsius prior to the collapse to your tax office as part of your annual tax return - but Koinly can help.

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

Your frequently asked questions

Does Celsius have tax documents?
How do I get Celsius tax documents?
Do you get a 1099 from Celsius?
When will I get a Celsius 1099 form?
Does Celsius provide financial or end of year statements?
Do I have to pay taxes on Celsius?
Does Celsius report to tax authorities?
Is Celsius safe?
I took out a loan on Celsius, but it's not appearing correctly in Koinly - what do I do?
What can I do to recover my Celsius investments?
What happened to Celsius?