Preparing Your Paxful Tax Reports
Quickly calculate your paxful taxes and create the correct tax forms to submit to your tax authority. Koinly integrates with Paxful and makes your tax reporting a breeze.
Here's what you should do
The first step is to download all your data from Paxful and import it into Koinly. There are a few ways you can do that:
- Look for a history export button in Paxful that will create a CSV file containing all your transaction history, simply import that file into Koinly and you can generate your tax report.
- If you would rather have Koinly import your transactions automatically, you can create separate Koinly-wallets for each of your cryptocurrencies ex Paxful BTC, Paxful ETH etc using our Blockchain integrations. Then, simply add the public key or public address for each of your coins and let Koinly take care of the rest.
- If the above methods are not possible for you, you can also add the transactions manually via Koinly's web interface.
If you want to use CSV files, you must make sure to import your deposits/withdrawals and trades for ALL years !
That's pretty much it. Don't forget to tag your airdrops/forks so they show up as Income on your final crypto tax documents!