How to do your Kinesis Money taxes with Koinly
Kinesis Money, also known as Kinesis, is an institutional exchange founded more than 10 years ago that allows investors to trade crypto assets, and in particular, specializes in pegged crypto backed by gold and silver. Whatever your investments, Koinly can help with your crypto taxes. Here's how it works.
- Sign up to Koinly and choose your country and currency
- Connect Kinesis Money with Koinly to import all your trades safely and securely
- Koinly categorizes Kinesis Money crypto transactions into gains, losses, and income
- Download your crypto tax report from Koinly
- File your crypto taxes online or with your crypto tax accountant
How do I file my Kinesis Money taxes?
You'll need to calculate and report any income or capital gains you made with your tax office. For most people, this happens as part of your annual tax return.
There are a couple of ways you can do this - do it yourself, by identifying your taxable transactions, calculating your net capital gain or loss, and the fair market value of any crypto income.
Or, use a crypto tax calculator like Koinly to easily calculate your taxable income for you, and generate your crypto tax report, ready to file with your tax office.
Koinly works by importing your crypto transaction data to analyze what's taxable, and what's not.
Koinly lets you manage all your crypto transactions - from all the blockchains, wallets, and exchanges you use - from one single platform, making crypto tax simple.
How to integrate Kinesis Money with Koinly using CSV
If you prefer, you can integrate Koinly with Kinesis Money by uploading a CSV file of your transaction history instead. Here's how to get your Kinesis Money transaction history CSV file.
How to download and export transaction history CSV from Kinesis Money
- Log in to Kinesis Money
- Go to your dashboard
- In the portfolio section, select the balance widget (three-dot icon)
- Select export statement
- Select a statement type and date range
- Select export
How to upload your Kinesis Money CSV file to Koinly
- Sign up or log in to your Koinly account and go to wallets
- Select add new wallet: Kinesis Money
- Select import from file
- Upload your CSV file(s)
Important
1. When downloading your CSV files, check that the file covers your full trading history.
2. Don't forget to tag your airdrops and forks. This will ensure that they show up correctly as income on your Koinly tax reports.
How do I troubleshoot my Kinesis Money integration to Koinly?
If you need help connecting Kinesis Money and Koinly, check out these great resources:
- 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 or Reddit
- Contact us by email or live chat
- Got a feature request? Give us feedback on Canny
Calculate your Kinesis Money taxes
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Does Kinesis Money provide tax documents?
No. Kinesis Money does not provide tax documents. Instead, you'll need to export your Kinesis transaction history and calculate your taxable gains and losses yourself, or use a crypto tax calculator like Koinly to do it for you.
How do I get tax reports and forms from Kinesis Money?
The easiest way to get a crypto tax report from Kinesis Money is to use Koinly. Just export your Kinesis Money transaction history and upload your CSV file to Koinly. Koinly can then calculate your gains, losses, and income, and generate your crypto tax report to help you file.
Does Kinesis Money provide financial or end of year statements?
No. Kinesis Money does not provide financial or end of year statements, but you can export CSV files of your transaction history, holdings, account balance and more.
Is Kinesis Money safe?
Kinesis Money states the platform was founded by institutional exchange and public company, Allocated Bullion Exchange (ABX) and that the company follows best security practices for crypto. As always, you should DYOR and follow best storage practices for your crypto to keep it secure.