How to file your Opera Wallet taxes with Koinly
Opera Crypto Browser launched in January 2022 with a crypto wallet built-in, allowing users to connect to Ethereum and Ethereum Layer 2 blockchains, and more, to buy, sell and trade crypto and NFTs seamlessly. Opera is now partnered with Koinly, allowing you to track and manage your crypto portfolio and taxes, including your Opera Wallet investments. Here’s how it works.
Follow these steps to sync your Opera Wallet data automatically to Koinly:
- Open your Opera Wallet wallet app
- Copy the public address for every coin that you have on it (even the ones with a zero balance)
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Opera Wallet 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!
How are Opera Wallet transactions taxed?
Your crypto taxes vary depending on where you live and your transactions, but generally speaking, you’ll pay Capital Gains Tax or Income Tax (or both).
Capital Gains Tax: Whenever you sell or swap crypto using Opera Wallet - whether that’s coins, tokens, stablecoins, or NFTs - if you make a gain from the transaction, you’ll likely pay Capital Gains Tax on that gain.
Income Tax: Meanwhile, if you earn new tokens and receive them in your Opera Wallet - for example staking or yield farming rewards - you’ll likely pay Income Tax upon receipt.
Learn more in our country crypto tax guides.
Does Opera Wallet report to the IRS?
No. Opera Wallet is a built-in non-custodial wallet that collects no KYC data and does not report to the IRS.
How do I file my Opera Wallet taxes?
You need to report any gains, losses, or income from crypto investments to your tax office, generally as part of your annual tax return, including any taxable gains or income from your Opera Wallet investments.
You can do this yourself - but it’s difficult! You’ll need to identify all your taxable transactions, not just for Opera Wallet, but for every wallet and exchange you use, then identify the kind of tax that applies and calculate your gains and losses, as well as any income.
This is why most investors opt to use crypto tax software like Koinly. Koinly does all this for you and generates your tax report, ready to file with your tax office. Koinly works by importing your Opera Wallet transaction data, all you need to do is connect using your public address.
Your frequently asked questions
Does Opera Wallet send tax forms?
No. Opera Wallet does not issue tax forms to users.
How do I get tax forms from Opera Wallet?
The easiest way to get your tax info from Opera Wallet is to connect automatically to Koinly. All you need to do is get your public address(es) from Opera Wallet and let Koinly do the rest.
Does Opera Wallet require KYC?
No. You don't need to complete any KYC verification in order to use Opera Wallet.
Is Opera Crypto Browser safe?
Yes. Opera Crypto Browser offers a secure, Web3 experience for users with safety features like a secure clipboard and malicious address checker.
Does Opera Wallet provide CSV exports?
No, Opera Wallet does not provide CSV reports.