Effortlessly calculate your electrum taxes and generate the right tax reports to submit to your tax agency. Koinly fully supports Electrum and makes tax reporting a walk in the park.
The first - and in most cases the only - step is to download all your data from electrum and import them to Koinly. There are a few ways you can do this:
You should see a history download button in Electrum that will create a CSV file containing your transaction data, just import it into Koinly and you on your way to generate your tax document.
If you would rather have Koinly import your transactions automatically, you can create separate Koinly-wallets for each of your cryptocurrencies ex Electrum BTC, Electrum ETH etc using our Blockchain integrations. Then, simply add the public key or public address for each of your coins and let Koinly handle the rest.
If the above method(s) are not possible for you, you can also add the transactions one by one through Koinly's web interface.
Note that if you want to import 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 show up as Income on your generated cryptocurrency tax forms!