How to File Your Kinesis Money Taxes with Koinly
How to do your Kinesis Money taxes with Koinly
Kinesis Money, also known as Kinesis, is an institutional exchange founded more than 10 years ago that allows investors to trade crypto assets, and in particular, specializes in pegged crypto backed by gold and silver. Whatever your investments, Koinly can help with your crypto taxes. Here's how it works.
Follow these steps to download your Kinesis.money data:
- Log in to Kinesis Money.
- Go to your dashboard.
- In the portfolio section, select the balance widget (three-dot icon).
- Select export statement.
- Select a statement type and date range.
- Select export.
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Kinesis.money in the list
- Click on it and select "File import" in the import options screen
- Upload the files you downloaded from Kinesis.money (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 Kinesis Money 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 Kinesis Money provide tax documents?
No. Kinesis Money does not provide tax documents. Instead, you'll need to export your Kinesis transaction history and calculate your taxable gains and losses yourself, or use a crypto tax calculator like Koinly to do it for you.
How do I get tax reports and forms from Kinesis Money?
The easiest way to get a crypto tax report from Kinesis Money is to use Koinly. Just export your Kinesis Money transaction history and upload your CSV file to Koinly. Koinly can then calculate your gains, losses, and income, and generate your crypto tax report to help you file.
Does Kinesis Money provide financial or end of year statements?
No. Kinesis Money does not provide financial or end of year statements, but you can export CSV files of your transaction history, holdings, account balance and more.
Is Kinesis Money safe?
Kinesis Money states the platform was founded by institutional exchange and public company, Allocated Bullion Exchange (ABX) and that the company follows best security practices for crypto. As always, you should DYOR and follow best storage practices for your crypto to keep it secure.