How To Do Your Luxor Taxes
Luxor Tax Statements & Reporting With Koinly
Mine fairly at the world's most stable Pay-Per-Share mining pool with Luxor, and get your Luxor taxes done fast with Koinly.
Follow these steps to download your Luxor data:
- Sign in to your Luxor account.
- From the homepage, select Revenue.
- Click on Download CSV from the Transactions section.
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Luxor in the list
- Click on it and select "File import" in the import options screen
- Upload the files you downloaded from Luxor (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 to get a tax statement from Luxor
You might be wondering, does Luxor provide CSV tax and trade history reports? Is it even possible to get tax info and statements from Luxor? The good news is, while Luxor might not provide tax forms and documents, it does offer an easy way to export transaction and trade history!
Luxor pairs with Koinly through CSV file import to make reporting your crypto taxes easy. Once connected, Koinly becomes the ultimate Luxor tax tool. How? Koinly will calculate your Luxor taxes based on your location AND generate your EOFY tax report, all within 20 minutes! All you’ll need to do at tax time is download your Luxor tax statement from Koinly and file it with your local tax authority. Done!
Why is Koinly the best Luxor tax software?
If you’ve been wondering is Koinly a Luxor tax calculator tool, the answer is, yes! Not only can Koinly import Luxor transaction history, but Koinly can also calculate your Luxor taxes in a format that makes sense for your country’s tax office. As a Luxor tax software, Koinly is able to do a bunch of impressive tasks that save you time and can even save you from paying too much taxes.
First, Koinly will import all your Luxor trades including purchases, sales, swaps, rewards, and more!
Then, Koinly will then convert your Luxor transactions into your country’s currency, at fair market value. This in itself is a massive time saver.
Finally, Koinly works out which of your Luxor trades are taxable, and which are not. All of this is really important for being able to submit an accurate Luxor tax return to your tax office.
How to track profit in Luxor with Koinly?
Koinly is a cryptocurrency tax calculator, but it also works great as a portfolio tracker. Once you've imported your Luxor transaction history, head to your dashboard on Koinly. Here you can see your Luxor balance, profits, and transactions and assess your portfolio with ease.
How do I get my Luxor tax report?
Don't worry if your tax deadline is looming, Koinly makes it easy to fetch your Luxor tax report. Once you've synced your wallets and checked your transactions, to generate your tax report, Koinly will identify the market rates for all your transactions and convert this into the currency of your choice, for example, USD. Then Koinly calculates your taxable position, including short and long-term gains, losses, income, and expenses.
All this information is collated into one easy-to-read summary with a variety of available tax reports to download, including your Luxor Transaction History, Capital Gains Report, Income Report, and more. Koinly also generates specific tax reports, based on where you live. For example, the HMRC Capital Gains Summary for UK investors or the IRS Schedule D Form for US investors.
Got the Luxor report - what do I do with it at tax time?
Head into the tax reports page and download the correct tax report for your country. Once you've done this, just file your taxes with your relevant tax authority. Every country does this a little differently, so make sure you check your tax deadline. In most countries, you can submit your annual tax return online.
You could even invite your accountant to view your Koinly portfolio, transaction history, and Luxor tax report! Do this from your account settings.