1Inch Wallet is a popular DeFi wallet that lets investors trade crypto, tokens and NFTs, as well as access a variety of in-built DeFi protocols with the in-built dApp browser. Whatever your 1Inch Wallet transactions, Koinly can help with your crypto taxes.
You'll need to calculate and report any income or capital gains you made with your tax office. For most people, this happens as part of your annual tax return.
There are a couple of ways you can do this - do it yourself, by identifying your taxable transactions, calculating your net capital gain or loss, and the fair market value of any crypto income.
Or, use a crypto tax calculator like Koinly to easily calculate your taxable income for you, and generate your crypto tax report, ready to file with your tax office.
Koinly works by importing your crypto transaction data to analyze what's taxable, and what's not.
Koinly lets you manage all your crypto transactions - from all the blockchains, wallets and exchanges you use - from one single platform, making crypto tax simple.
You can integrate Koinly with 1Inch Wallet by uploading a CSV file of your transaction history. Here's how to get your 1Inch Wallet transaction history CSV file.
1Inch Wallet doesn't provide a simple way to export your CSV file just yet. However, you can copy your transaction history and paste it into a CSV file of your own. Read our guide on how to create a custom CSV file for Koinly for step by step instructions on how to do this easily.
If you only have a few transactions in your 1Inch Wallet, you can also add transactions manually on the Koinly platform instead. Read our guide on how to add manual transactions correctly.
If you prefer to have Koinly sync your transactions automatically, you can add separate Koinly wallets for each blockchain you interact with using 1Inch Wallet using our blockchain integrations. For example 1Inch ETH, Enjin BNB and so on. All you need to do is get your public address for each blockchain you use to interact with via 1Inch Wallet and add this to Koinly. You can find instructions for how to do this on our blockchain pages.
If you need help connecting 1Inch Wallet and Koinly, check out these great resources:
Sign up free today to calculate your 1Inch Wallet taxes.
No. 1Inch Wallet does not issue tax documents for users. You'll instead need to get your 1Inch transaction history and calculate your taxes yourself, or use a crypto tax calculator to do it for you.
The easiest way to get your 1Inch Wallet taxes done is to connect to crypto tax software, either via CSV file upload or by connecting using your public address.
No, 1Inch Wallet does not provide financial or end of year statements for users, but you can use crypto tax software to generate these forms for tax purposes.