Phantom is a Solana web wallet that lets investors store, buy, trade, send and receive Solana tokens and NFTs. Built for DeFi investments, Phantom has become one of the most popular Solana wallets going. Koinly can help you do your Phantom taxes safely, quickly, and accurately.
Please note, if you've created multiple wallets within Phantom, you'll need to add the wallet address for each of these to Koinly in order to import all your transaction data. This is easy to do, just click the three line icon in the top left corner and switch between the wallets you'd like to connect with Koinly and repeat the steps above for each address.
Unfortunately, Phantom Wallet doesn't offer a simple export CSV option just yet, which is why we recommend using the API method above in most instances. However, you can get a CSV file either by creating a custom CSV file or by using a Solana blockchain explorer with an export CSV option. Once you've got your CSV file, here's how to upload it.
If you're using a CSV file, make sure your transactions are tagged correctly in Koinly according to your country's tax rules.
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No, Phantom does not provide a tax report. However, they can provide you with your transaction history, which can be used as a means of calculating and reporting all taxes.
The easiest way to get your Phantom tax documents is to connect to crypto tax software via automatically using your public address. Your crypto tax calculator will then calculate your Phantom taxes for you and generate your Phantom tax documents.
As a non-custodial wallet - Phantom doesn’t collect user data, so it’s unlikely you’ll be getting a 1099 form from Phantom, which means the IRS won’t either.
No, Phantom does not provide a financial report. You can, however, create a financial statement using your Phantom wallet transaction history, or a crypto tax app.
Yes - if you have capital gains or income as a result of your crypto investment activities on Phantom, you'll need to report these to your tax office and pay taxes on them. If you're tempted to try and avoid crypto taxes, think again - the penalties for tax evasion are steep and you may face fines or even jail time.