How to file your Taiko taxes with Koinly
Taiko is an open-source, Ethereum-equivalent (Type 1) ZK-EVM rollup designed to scale Ethereum securely and efficiently. But if you've got Taiko transactions, you might have a tax bill. Don't worry, Koinly can help. Here's how.
Follow these steps to sync your TAIKO data automatically to Koinly:
- Open your TAIKO 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 TAIKO 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 Taiko?
Taiko is an open-source, Ethereum-equivalent ZK-EVM rollup designed to scale Ethereum while maintaining full compatibility. Developers can deploy Ethereum applications on Taiko without extra compiling or reaudits, ensuring seamless integration. It operates as a permissionless, decentralized network, with Ethereum validators handling transaction sequencing, preserving Ethereum's security and neutrality.
Do I have to pay tax on my Taiko transactions?
Yes. Generally speaking, gains or income from crypto are subject to tax. You can learn more about the rules where you live in our crypto tax guides.
How do I calculate my Taiko taxes?
The easiest way to calculate your Taiko taxes is to use a crypto tax calculator like Koinly. Simply add your public address and Koinly will automatically import your Taiko transaction data and calculate your gains, losses, income, and more.
