How to file your Travala taxes with Koinly
Travala is a travel website that lets you book more than 3 million hotels, flights, and activities using cryptocurrency. But if you’re spending crypto, you might be in with a surprise tax bill as any perceived gains are usually subject to tax. Whatever your investments, Koinly can help with your Travala taxes.
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Travala in the list
- Click on it and select "File import" in the import options screen
- Upload the files you downloaded from Travala (one at a time) and click on Import
- 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 do I file my Travala taxes?
You'll need to calculate and report any income or capital gains you made with your tax office. For most people, this happens as part of your annual tax return.
There are a couple of ways you can do this - do it yourself, by identifying your taxable transactions, calculating your net capital gain or loss, and the fair market value of any crypto income.
Or, use a crypto tax calculator like Koinly to easily calculate your taxable income for you, and generate your crypto tax report, ready to file with your tax office.
Koinly works by importing your crypto transaction data to analyze what's taxable, and what's not.
Koinly lets you manage all your crypto transactions - from all the blockchains, wallets, and exchanges you use - from one single platform, making crypto tax simple.
Your frequently asked questions
Does Travala provide tax documents?
No. Travala does not issue users with tax documents, but you can export a CSV file of your transaction history for tax purposes.
How do I get tax reports and forms from Travala?
The simplest way to get your crypto tax reports done is with Koinly. All you need to do is upload your Travala transaction history CSV file to Koinly and Koinly will calculate your gains and losses before generating your crypto tax report ready to file.
Does Travala provide financial or end of year statements?
No, Travala does not provide users with financial or end-of-year statements, but you can export your transaction history as a CSV file.