How to do your Story taxes with Koinly
Story is a layer-1 blockchain that tokenizes intellectual property, enabling programmable licensing, automated royalties, and legally enforceable on-chain IP economies for creators, companies, and AI-driven content. But if you have STORY transactions, you may have a tax bill. Koinly can automatically calculate your gains, losses, income, and more from STORY transactions. All it needs is your transaction history. Here's how it works.
Follow these steps to sync your Story (IP) data automatically to Koinly:
- Open your Story (IP) wallet app
- Locate and copy your public address or key
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Story (IP) 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!
- 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 and Reddit
- Contact us on email or live chat
- Got a feature request? Give us feedback on Canny
FAQs
What is Story?
Story (Story Protocol) is a layer-1 blockchain built to power the global IP economy by making intellectual property programmable, tradable, and legally enforceable on-chain. It lets creators and companies tokenize IP (from art to AI datasets), register it, license it through programmable smart contracts, and automate royalties and attribution across derivative works. The network is EVM-equivalent for easy developer adoption and features a Proof-of-Creativity protocol plus Programmable IP Licenses (PIL) that bridge blockchain logic with real-world legal frameworks. With specialized execution engines for IP graph processing and settlement, Story enables fractionalized ownership, remix economies, and new monetization models for creativity and AI-driven content.
Is Story safe?
Story Protocol is designed with strong security measures, using Proof-of-Stake with CometBFT (Tendermint) for fast finality, fault tolerance, and validator slashing to deter attacks. It has undergone a comprehensive FuzzingLabs audit, which found and addressed critical issues, and it maintains an active bug bounty program to catch new vulnerabilities. Since its mainnet launch in early 2025, Story has reported 100% uptime with no incidents, supported by continuous updates that strengthen validator security, APIs, and consensus parameters.
Does Story provide tax documents?
No, Story doesn't provide tax forms, but a crypto tax calculator like Koinly can help calculate your gains, losses, income, and more from STORY investments and generate tax reports. Simply add your Story public address, and Koinly will automatically import your transaction history and calculate your crypto taxes.
