How To File Your eToro Taxes

eToro is a popular crypto exchange worldwide, offering investors low fees and an easy to use interface. For new crypto investors, eToro has a virtual dummy account to give you a trial run navigating the world of crypto before you dive in head-first. There's also excellent advice and strategies from more experienced crypto investors available within the platform. Koinly can help you do your eToro  taxes safely, quickly, and accurately. 

Follow these steps to download your eToro data:

  1. Log in to your eToro account.
  2. Select portfolio from the left-hand menu.
  3. From the menu at the top, select history.
  4. Select the settings icon in the top right corner.
  5. Select account statement.
  6. Select your time frame.
  7. Select export. Make sure you pick the Excel file format, not the PDF format.
  8. Please note that Koinly only supports the English version of the Excel file. Make sure to change your language to English when you export the file

On Koinly:

  1. Create a free account on Koinly
  2. Complete onboarding until you get to the Wallets page and find eToro in the list
  3. Click on it and select "File import" in the import options screen
  4. Upload the files you downloaded from eToro (one at a time) and click on Import
  5. Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
  6. Go to the Tax Reports page to view your tax liability!
Notes / Limitations
  • Please see this article on the limitations with eToro's data
  • Please note that Koinly only supports the English version of the Excel file. Make sure to change your language to English when you export the file
Having trouble connecting eToro with Koinly?

How are eToro transactions taxed?

The tax you'll pay on your eToro transactions all depends on where you live and the specific transactions you've made - so make sure to check out our crypto tax guides for the rules where you live. This said you'll generally pay one of two taxes:

  • Capital Gains Tax: Whenever you sell or trade crypto on eToro and make a gain, you'll generally pay Capital Gains Tax on that gain.

  • Income Tax: Whenever you earn new crypto on eToro - for example, Cardano or ETH staking rewards - you may need to pay Income Tax upon receipt based on the fair market value of your tokens.

Does eToro report to the IRS?

Yes. eToro reports to the IRS as they issue 1099 forms to users. Any time you receive a 1099 form, the IRS receives an identical copy.

How do I file my eToro taxes?

To start, you'll need to calculate any capital gains, losses or income from your eToro transactions. This means you need to identify each taxable transaction on eToro, identify your cost basis, calculate any subsequent capital gains or losses and calculate the fair market value of any income in your fiat currency on the day you received it.

You can do this yourself, but it's a lot of work. Especially as you need to do this for each crypto exchange and wallet you use. This is why most investors opt to use a crypto tax calculator like Koinly. With Koinly, all you need to do is import a CSV file of your eToro transactions and Koinly will calculate your eToro gains, income and more for you. Better still, Koinly can generate a range of crypto tax reports for investors around the world including IRS tax reports, ATO tax reports, HMRC tax reports and more.

Your frequently asked questions

Does eToro have tax documents?
How do I get eToro tax forms?
Do you get a 1099 from eToro?
Why can't I just use my 1099 form from eToro to file my taxes?
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When does eToro send tax forms?
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What is eToro?
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