Generating Your Bitwala Tax Reports
Easily calculate your bitwala taxes and create the right tax forms to submit to your tax authority. Koinly completely integrates with Bitwala and makes tax reporting a piece of cake.
How does it work?
The first - and in most cases the only - step is to download all your transactions from bitwala and upload them into Koinly. There are a couple of ways you can do this:
Look for a history export button in Bitwala that will create a CSV file containing all your transaction data, simply import that file into Koinly and you are ready to generate a tax report.
If you prefer to have Koinly sync your transactions automatically, you can create separate Koinly-wallets for each of your coins ex Bitwala BTC, Bitwala ETH etc using our Blockchain integrations. After that, simply add the public key or public address for each of the coins and let Koinly take care of the rest.
If the above method(s) are not possible for you, you can even add the transactions one by one via Koinly's web interface.
If you decide to import CSV files, you must make sure to import your deposits/withdrawals and trades for ALL previous years - not just the current one!
That's pretty much it. Don't forget to tag your airdrops/forks so they appear as Income on your final crypto tax documents!