How do I report my Exodus Wallet taxes?
Report your Exodus Wallet taxes by connecting your wallet to Koinly. Koinly automatically imports your transactions, calculates gains, losses, and income, and generates tax-ready reports you can file with the IRS, the ATO, HMRC & more.
How do I connect my Exodus account to Koinly?
Follow these steps to sync your Exodus data automatically to Koinly:
- Open your Exodus wallet app
- Copy the public address for every coin that you have on it (even the ones with a zero balance)
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Exodus 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
What is Exodus Wallet?
Exodus Wallet is a self-custody crypto wallet that supports 300+ assets across networks like Bitcoin, Ethereum, Solana, Avalanche, and Polygon. It’s available on desktop, mobile, and as a browser extension, with built-in features for sending, receiving, swapping, and staking crypto.
Do I pay taxes on Exodus Wallet transactions?
Usually, yes. Selling, swapping, or spending crypto can trigger a taxable event. Staking rewards, airdrops, and other crypto income earned through Exodus may also be taxable.
Does Exodus report to the IRS?
No. Exodus is a self-custody wallet and doesn’t issue 1099 forms or directly report your activity to the IRS. You’re responsible for tracking and reporting your own taxes.
Can the IRS see Exodus transactions?
Potentially. Blockchain transactions are public, and wallet activity can sometimes be linked to individuals through exchanges or other identifiable services.
Does Exodus provide tax documents?
No. Exodus doesn’t generate tax forms. You’ll need to use a crypto tax tool to calculate gains, losses, and income from your wallet activity.
How do I get tax forms for Exodus?
Connect your Exodus Wallet to a crypto tax platform that supports wallet imports. It can pull your transaction history, calculate gains and losses, and generate forms such as Form 8949 and Schedule D (where applicable).
How are NFTs in Exodus taxed?
NFTs are generally taxed like other crypto assets. Selling or swapping an NFT is usually a taxable event, while receiving one as payment or a reward may be treated as income.
Exodus Wallet Tax FAQs
Does Exodus provide financial or end of year statements?
No, Exodus doesn't supply a financial statement. But you can use your Exodus transaction history to create a financial statement to use when filing your crypto taxes. Once you've got your Exodus transaction history - you can calculate your crypto taxes manually or get a crypto tax app to do it for you.
Do I have to pay taxes on Exodus?
Yes - if you have capital gains or income as a result of your crypto investment activities on Exodus, you'll need to report these to your tax office and pay taxes on them. Don’t be tempted to avoid crypto taxes. The penalties for tax evasion are steep and you may face fines or even jail time.
Is Exodus Wallet safe?
Yes. Exodus is a secure, non-custodial wallet. However, it is a hot wallet so you should always follow best security practices and store any long-term holdings in a cold wallet.
