Quickly calculate your magnum wallet taxes and generate the correct tax documents to submit to your tax agency. Koinly integrates with Magnum Wallet and makes your tax reporting a breeze.
The first step is to download all your data from Magnum Wallet and import them to Koinly. There are a couple of ways you can do this:
There should be a history download button in Magnum Wallet that will generate a CSV file containing all your transaction data, just import that file into Koinly and you can create a tax document.
If you would rather have Koinly sync your transactions automatically, you can add separate Koinly-wallets for each of your coins ex Magnum Wallet BTC, Magnum Wallet ETH etc using our Blockchain integrations. Then, just add the public key or public address for each of your coins and let Koinly handle the rest.
If you only have a few transactions and the above method(s) are not possible for you, you can also add the transactions one by one through Koinly's web interface.
Note that if you want to use CSV files, you need 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 be vary of is to tag your airdrops/forks so they appear as Income on your final crypto tax documents!