How to do your Pepe Coin (PEPE) taxes

Pepe Coin is a popular memecoin, available as an ERC-20 token on the Ethereum blockchain. But despite the satirical beginnings, if you're transacting with Pepe Coin, you may be in for a surprise tax bill. Fortunately, Koinly can help you do your PepeCoin taxes. Here's how it works:

  1. Sign up to Koinly and choose your country and currency

  2. Connect Ethereum with Koinly to import all your trades safely and securely - including ERC-20 tokens like PEPE

  3. Koinly identifies the cost basis of your tokens and coins, as well as your taxable transactions

  4. Koinly calculates any capital gains, losses, and income from your taxable transactions

  5. Koinly generates your crypto tax report - ready to help you file with your tax office, or hand it over to your accountant.

Learn more: What is Pepe Coin?

How is Pepe Coin taxed?

The taxes you pay on crypto depend on where you live, so read our crypto tax guides for specific information about where you live. But broadly speaking, two taxes may apply to your Pepe Coin transactions:

  • Capital Gains Tax:  When you sell or trade PEPE tokens, you’ll usually pay Capital Gains Tax on any gain you make as a result of the transaction.

  • Income Tax: When you earn new PEPE tokens, including through airdrops in most instances, you'll pay Income Tax based on the fair market value of PEPE at the time you received your tokens.

How to get Pepe Coin tax documents

How to prepare and file your crypto taxes depends on your tax office, but you'll usually report your gains or income from crypto as part of your annual tax return.

To do this for your PEPE tokens, you'll need to identify each taxable transaction and calculate your gain/loss or the fiat value of any income.

It's time consuming - which is why most investors use a crypto tax calculator like Koinly. Koinly can calculate your gains, losses, and income for more than 400,000 ERC-20 tokens - including PEPE! You just need to connect your blockchain to Koinly to do so using your Ethereum public address. Here's how it works.

How to import Pepe Coin transactions to Koinly automatically

To import your PEPE transactions, you need to connect each wallet and exchange you've used to transact with PEPE to Koinly.

This is easy to do for wallets, you just need your public address. Remember, you’ll need to do this for each Ethereum wallet you use to interact with LDO in order for Koinly to correctly identify your cost basis, transfers, sales, swaps, and more. If you're using an exchange to transact with Pepe Coin, you can find steps on how to connect more than 800+ exchanges and popular wallets on our integration page.

Here's an example of how it generally works:

In your wallet

  1. Open or log in to your wallet

  2. Select the blockchain you'd like to connect to Koinly - in this example, Ethereum

  3. Copy your public address

On Koinly

  1. Sign up or log in to your Koinly account and go to the wallets page

  2. Search for and select the blockchain you'd like to connect to - in this example, Ethereum

  3. Give your wallet a name - for example - MetaMask Ethereum

  4. Paste your public address