Effortlessly calculate your ipayyou taxes and generate the correct tax forms to submit to your tax agency. Koinly fully integrates with iPayYou and makes tax reporting a walk in the park.
The first step is to download all your transaction data from iPayYou and upload it into Koinly. There are a couple of ways you can do this:
There should be a history export option in iPayYou that will create a CSV file containing your transaction history, just import it into Koinly and you are ready to generate your tax form.
If you would rather have Koinly sync your transaction data automatically, you can create separate Koinly-wallets for each of your cryptocurrencies ex iPayYou BTC, iPayYou ETH etc using our Blockchain integrations. After that, simply add the public key or public address for each of the coins and let Koinly do the rest.
If the above method(s) are not possible for you, you can even add the transactions one by one via Koinly's web interface.
If you decide to use CSV files, you have to make sure to import your deposits/withdrawals and trades for ALL years and not just the current one!
That's pretty much it. The only other thing to keep in mind is to tag your airdrops/forks so they show up as Income on your final cryptocurrency tax documents!