How to file your Zora taxes with Koinly
Zora is a decentralized layer 2 solution and a creator-focused NFT and media marketplace. But your NFTs are taxable. Fortunately, Koinly can help you calculate your NFT taxes in a snap.
Follow these steps to sync your ZORA data automatically to Koinly:
- Open your ZORA 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 ZORA 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 Zora?
Zora is a decentralized, creator-focused NFT and media marketplace that allows users to buy, sell, and create without permissions. It recently launched the Zora Network, a fast, cost-efficient, and scalable EVM-compatible Layer 2 blockchain to support tokenized media. Zora emphasizes community-driven value determination, creator royalties, and aims to let artists capture a share of the resale value of their work.
Do I have to pay tax on my Zora transactions?
Yes. Your Zora transactions may result in a tax liability. Crypto tax varies depending on where you live, but you may pay Capital Gains Tax or Income Tax depending on the specific transaction. Learn more about the rules where you live in our crypto tax guides.
How do I calculate my Zora taxes?
The easiest way to calculate your Zora taxes is with a crypto tax calculator like Koinly. Just add your public address and let Koinly do the rest of the work to calculate your crypto taxes and generate your crypto tax reports.
