To get started, simply connect Koinly to the Hedera blockchain via your public address or CSV file upload. Once connected, Koinly imports all your trades automatically. Next, Koinly calculates all your gains, income and expenses with easy-to-spot totals ready for your tax return. At tax time, simply download the Koinly tax report for your country, and you’re good to file!
You can find your public address in the wallet you use to interact with Hedera - for example, Abra, Atomic or BitGo.
We have instructions on how to do this for a variety of popular wallets on our integration pages.
Please note: you’ll need to add your public address from every wallet you use to interact with HBAR in order for Koinly to calculate your crypto taxes correctly.
Depending on the HBAR wallet you’re using, you may be able to export a CSV file of your transaction history from your wallet. We’ve got instructions on how to get a CSV file from a number of crypto wallets on our integration pages.
Something doesn't look right? Checking your transactions and correcting any inaccuracies lets Koinly calculate and generate the most accurate tax reports for you. There are a few simple steps you can follow to make sure your tax report is accurate:
Koinly needs your entire transaction history to calculate your crypto taxes - so make sure you’ve connected every single wallet, exchange and blockchain you use with Koinly.
If there’s an issue with a specific data import, Koinly will flag the wallet, exchange or blockchain with a small yellow icon - click the icon to find out what the issue is and how to resolve it.
Sometimes a CSV file might be missing certain kinds of transactions or an API doesn’t include all your transaction data - so it’s important you check everything has been imported to Koinly correctly. You can:
Last up, review the tags on your transactions. Koinly normally does this automatically, but it's always good to double check the tags are correct for your country’s crypto tax rules (find your crypto tax rules). Here’s the tags you can use and when to use them.
Withdrawal tags (sending crypto)
Deposit tags (receiving crypto)
Still having issues with your Hedera data import? Don't panic - there's help at hand: