How To Do Your Trezor Taxes With Koinly

Trezor is one of the most trusted and secure hardware wallets available for crypto investors, letting you securely store your crypto assets offline, as well as buy, exchange, and sell through Trezor Suite via desktop and browser. Whatever your investments, Koinly can help you with your Trezor taxes.


Follow these steps to sync your Trezor data automatically to Koinly:

  1. Open your Trezor wallet app
  2. Copy the public address for every coin that you have on it (even the ones with a zero balance)

On Koinly:

  1. Create a free account on Koinly
  2. Complete onboarding until you get to the Wallets page and find Trezor in the list
  3. Select API > Paste the public address/key you copied above in the appropriate box
  4. Hit Import and wait for Koinly to sync your data. This can take a few minutes
  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!
Having trouble connecting Trezor with Koinly?

How are Trezor transactions taxed?

The tax that applies to your Trezor transactions depends on the specific transaction and your country's rules on crypto tax. This said, generally speaking, there are two taxes that might apply to your crypto:

  • Capital Gains Tax: Whenever you sell, trade or spend crypto via Trezor, you'll likely pay Capital Gains Tax on any profit from that transaction.

  • Income Tax: If you're earning new tokens and receiving them in your Trezor wallet - whether that's staking rewards, mining rewards, or any other kind of income - you'll likely pay Income Tax based on the fair market value of new tokens or coins on the day you receive them, in your fiat currency.

Want to learn more about crypto tax where you live? See our crypto tax guides.

Does Trezor provide tax documents?

No. Trezor does not provide tax documents or reports. Instead, you'll need to get your Trezor transaction history, identify your taxable transactions, and calculate your capital gains and income. Better still, use a crypto tax calculator like Koinly to do it for you.

Does Trezor report to the IRS?

Trezor is a non-custodial wallet with no KYC, making it a secure and private wallet. In other words, it's very unlikely Trezor is sharing data with the IRS or any other tax office for that matter.

This said, if you've moved assets from your Trezor wallet to centralized crypto exchanges, many of these exchanges are legally compelled to share data with the IRS and other tax offices - potentially including your Trezor address.

Your frequently asked questions

Does Trezor have tax documents?
How do I get Trezor tax documents?
Does Trezor provide financial or end of year statements?
Do I have to report Trezor transactions if I didn't sell?
Do I have to pay taxes on Trezor transactions?
Is Trezor safe?
Is Trezor safer than Ledger?
Has Trezor model T ever been hacked?
What happens if someone steals your Trezor?