How to do your JUNO taxes with Koinly
JUNO is a Layer-1, Proof-of-Stake (PoS) blockchain constructed with the Cosmos SDK, acting as a cross-chain smart contract Hub within the Cosmos Ecosystem. It serves as a counterpart to the Cosmos Hub, enabling developers to create and launch contracts using CosmWasm. But if you've got JUNO transactions, you may have a tax bill incoming. Don't worry, Koinly can help. Here's how.
Follow these steps to sync your JUNO data automatically to Koinly:
- Open your JUNO 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 JUNO 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!
This integration only syncs transaction starting from August 2022. Older transactions need to be added manually
API url
This field is optional - you can set a specific LCD Node url if you believe it can provide better transaction history than the one Koinly uses by default.
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FAQs
What is Juno?
Juno Network is a smart contract platform developed atop the Cosmos Network, employing Tendermint Core and the Cosmos SDK. It emerged from a grassroots effort within the Cosmos ecosystem, led by numerous developers, validators, and delegators. Their shared objective is to uphold the neutrality, efficiency, and dependability of the Cosmos network.
What is JUNO token?
JUNO serves as the native token of the Juno Network. JUNO holders can store their tokens in both Keplr Wallet and Cosmostation Wallet.
Do I have to pay tax on my JUNO transactions?
Yes. If you dispose of your JUNO tokens by selling or trading them and make a profit, you'll have a capital gain and you'll need to pay Capital Gains Tax on that gain.
How do I get my tax forms for JUNO?
The easiest way to get your JUNO transactions done is with a crypto tax calculator like Koinly. All you need is your JUNO address and Koinly will automatically import your read-only transaction history and calculate your gains, losses, income, and more. Then it'll generate your crypto tax reports ready to help you file.
