Effortlessly calculate your coinbase wallet taxes and create the correct tax forms to send to your tax authority. Koinly completely integrates with Coinbase Wallet and makes tax reporting a walk in the park.
The first - and in most cases the only - step is to download all your transactions from Coinbase Wallet and import it into Koinly. There are a couple of ways you can do this:
Look for a history export option in Coinbase Wallet that will create a CSV file containing all your transaction data, simply import it into Koinly and you can create your tax form.
If you prefer to have Koinly sync your transaction data automatically, you can create separate Koinly-wallets for each of your cryptocurrencies ex Coinbase Wallet BTC, Coinbase Wallet ETH etc using our Blockchain integrations. After that, simply add the public key or public address for each of your coins and let Koinly handle the rest.
If you only have a few transactions and the above method(s) are not possible for you, you can even add the transactions one by one via Koinly's web interface.
Note that if you decide to use CSV files, you have to make sure to import your deposits/withdrawals and trades for ALL previous years and not just the current one!
That's all you have to do. Don't forget to tag your airdrops/forks so they appear as Income on your generated cryptocurrency tax reports!