To get started, simply connect Koinly to the IOTA blockchain via your public address or CSV file upload. Once connected, Koinly imports all your trades automatically. Next, Koinly calculates all your gains, income and expenses with easy-to-spot totals ready for your tax return. At tax time, simply download the Koinly tax report for your country and you’re good to file!
You can find your public address in the wallet you use to interact with the IOTA blockchain - for example, Ledger or Trinity.
We have instructions on how to do this for a variety of popular wallets on our integration pages.
Please note: you’ll need to add your public address from every wallet you use to interact with IOTA in order for Koinly to calculate your crypto taxes correctly.
Depending on the wallet you’re using to interact with IOTA, you may be able to export a CSV file of your transaction history from your wallet. We’ve got instructions on how to get a CSV file from a number of crypto wallets on our integration pages.
Koinly is pretty smart - but incorrectly imported data can cause problems, so you should always check through your imported data to ensure it's accurate. Here's how:
Koinly needs your entire transaction history - so make sure you’ve connected every single wallet, exchange and blockchain you use with Koinly, however many you're using!
If there’s an issue with a specific wallet, Koinly will flag it with a small yellow icon - select the icon to find out what the issue is and how to resolve it.
APIs can be limited in the data they return and CSV files may be missing tags for certain transactions. You don't need to double-check everything, but we recommend the following:
Different transactions have different tax treatment - so it's important your transactions are tagged correctly in Koinly so it can generate an accurate tax report. Use the tags as they apply to your country’s crypto tax rules (find your crypto tax rules):
Deposit tags (receiving crypto)
Withdrawal tags (sending crypto)
Still not sure it's right? No worries, here's how we can help: