How to do your Immutable zkEVM taxes with Koinly
Immutable zkEVM is a gaming-focused Layer 2 blockchain that combines Ethereum compatibility, low-cost zk-rollup scalability, and Immutable’s Web3 gaming tools. But if you're using Immutable zkEVM, you may have a tax bill. Fortunately, Koinly can help you calculate your Immutable zkEVM taxes.
Follow these steps to sync your Immutable zkEVM data automatically to Koinly:
- Open your Immutable zkEVM 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 Immutable zkEVM 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!
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FAQs
What is Immutable zkEVM?
Immutable zkEVM is a Layer 2 blockchain built by Immutable using Polygon’s zkEVM technology, designed specifically for gaming on Ethereum. It offers full EVM compatibility, allowing developers to use standard Ethereum tools while benefiting from the scalability and low fees of zero-knowledge rollups. By combining Ethereum-level security with fast, cost-effective transactions, Immutable zkEVM provides an optimized environment for game development. It also integrates Immutable’s gaming-specific tools, such as SDKs for asset minting, trading, and wallet support, making it easier to build Web3 games at scale.
Is Immutable zkEVM safe?
Immutable zkEVM is considered safe, as it leverages zero-knowledge rollup technology that inherits Ethereum’s security protocols. By using zk-proofs, it ensures that all off-chain transactions are cryptographically validated and posted to Ethereum, making them highly secure and tamper-resistant. Built on Polygon’s well-audited zkEVM infrastructure, it benefits from a strong technical foundation. Additionally, Immutable has a solid track record in Web3 gaming and has implemented secure tooling for developers and users. While no system is entirely risk-free, as smart contract bugs and user errors can still pose threats, the core architecture of Immutable zkEVM offers a relatively high level of security.
Does Immutable zkEVM provide tax documents?
No, Immutable zkEVM doesn't provide users with tax documents. However, you can use a crypto tax calculator that supports Immutable zkEVM. With Koinly, all you need to do is add your wallet address, and it'll import your transaction history and calculate your gains, losses, income, and more.
