Polygon is an Ethereum compatible, multi-chain blockchain ecosystem, with the native currency MATIC. Whatever your Polygon investments, Koinly can help with your Polygon taxes.
To connect to Koinly, all you need is your Polygon public address for each wallet you use to interact with Polygon. The exact steps on how to get your public address vary a little depending on the wallet you’re using, but we’ve got instructions on how to get your public address for all the top Polygon wallets including:
Don't see your wallet? You'll find easy to follow steps on how to get your Polygon public address from hundreds of wallets here.
And don't forget, in order for Koinly to calculate your crypto taxes correctly you’ll need to add your public address from every wallet you use to interact with Polygon.
1. You’ll need to get your Polygon public address from each wallet you use to interact with Polygon in order to calculate your crypto taxes correctly.
2. If you're an Unstoppable Domains user, you can also enter your domain instead of your public address into Koinly to fetch your transaction data!
If you prefer to use CSV files to integrate your Polygon wallets with Koinly, you can. Here's how.
Depending on the Polygon wallet you’re using, you may be able to export a CSV file of your transaction history from your wallet. We’ve got instructions on how to get a CSV file from a number of crypto wallets on our integration pages.
1. When downloading your CSV files, check that the file covers your full trading history.
2. Remember to download and upload CSV files for all your MATIC Wallets.
3. Don't forget to tag your transactions according to your country’s crypto tax rules. This will ensure that they show up correctly as income on your Polygon tax reports.
Problems connecting Polygon and Koinly? No worries - we're here to help:
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Staking rewards tax varies depending on where you live, but - generally speaking - staking rewards are viewed as a kind of additional income and subject to Income Tax upon receipt.
Received an airdrop of MATIC tokens? Some tax offices - including the IRS - view this as additional income and subject airdrops to Income Tax upon receipt, as well as Capital Gains Tax upon disposal.
Yes. You need to pay tax whenever you have income or capital gains from your Polygon investments in pretty much every country in the world. Find out more in our crypto tax guides.
Yes. The IRS can track Polygon. The majority of centralized crypto exchanges share KYC with the IRS and other tax authorities to ensure tax compliance.