How to file your Forma taxes with Koinly
Forma is a blockchain built on Astria with Celestia infrastructure that enables developers and artists to produce and manage digital assets directly on the blockchain. But if you have Forma transactions, you might have a tax bill. Don't worry, Koinly can help. Here's how.
Follow these steps to sync your Forma data automatically to Koinly:
- Open your Forma wallet app
- Locate and copy your public address or key
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Forma in the list
- Select API > Paste the public address/key you copied above in the appropriate box
- Hit Import and wait for Koinly to sync your data. This can take a few minutes
- Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
- Go to the Tax Reports page to view your tax liability!
- Head over to our help center
- Hit up our discussion boards - we might have already answered your question
- Ask us on social media - we're on Twitter and Reddit
- Contact us on email or live chat
- Got a feature request? Give us feedback on Canny
FAQs
What is Forma?
Formachain is a purpose-built blockchain designed for fully on-chain creations. Built on Astria with Celestia as its underlying infrastructure, it serves as a sovereign network tailored for the creator economy, enabling developers and artists to produce and manage digital assets directly on the blockchain. This architecture ensures enhanced scalability, security, and decentralization, fostering a robust environment for on-chain applications and digital creations.
Do I have to pay tax on my Forma transactions?
Yes, income and capital gains from cryptocurrency are typically subject to Capital Gains Tax or Income Tax, depending on your location and the nature of your transactions. For more information, refer to our crypto tax guides.
How do I calculate my Forma taxes?
The simplest way to calculate your Forma taxes is by using Koinly. Simply add your address, and Koinly will automatically import your Forma transaction data and handle the calculations for you.
