Terra 2.0 is a fork of the original Terra blockchain (now Luna Classic (LUNC), and 100% community owned. Whatever your Terra 2.0 investments, Koinly can help with your crypto taxes.
To connect to Koinly automatically, you'll need your Terra 2.0 public address, for each wallet you use to interact with the Terra 2.0 blockchain. It's easy to find your public address, and we've got instructions on how to get it for all the most popular LUNA wallets, including:
Don't see your wallet? You'll find easy to follow steps on how to get your LUNA public address from hundreds of wallets here.
Please note: Koinly needs your complete Terra 2.0 transaction history in order to calculate your crypto taxes correctly, so you’ll need to add your public address from every wallet you use to interact with Terra 2.0 .
1. If you have taxable transactions on the Terra Classic blockchain, you'll need to report these to your tax office too. Find out more here.
2. The API import may take a few minutes which is normal.
Something not working with your Terra 2.0 data import? No worries - there's help at hand:
Sign up free today to calculate your Terra 2.0 taxes
The easiest way to get a Terra 2.0 tax report is to connect Koinly to Terra 2.0 using your public address. The API will then automatically return your Terra 2.0 transaction history, calculate your taxes and generate your crypto tax report.
Yes. In most countries, staking rewards are seen as a kind of additional income and subject to Income Tax upon receipt, as well as Capital Gains Tax upon disposal.
The tax you'll pay on your LUNA staking rewards depends on where you live and how your tax office views your staking rewards, but in most countries, staking rewards are viewed as additional income.
DeFi taxes vary depending on where you live. But generally speaking, if you're trading capital for LP tokens (and vice versa), this will often be viewed as a crypto to crypto trade and subject to Capital Gains Tax.
How you report your LUNA staking rewards varies depending on where you live, but it's usually as part of your annual tax return. You'll need to identify the fair market value of any LUNA tokens on the day you received them in your fiat currency and report this to your tax office.
Tax on airdrops depends on where you live and your tax office. For example, the IRS views airdrops (including from hard forks) as additional income and subjects them to Income Tax.