How To Do Your Sorare Taxes With Koinly

Blockchain technology meets fantasy sports in the form of Sorare. Sorare lets you buy, sell, trade, collect, and win official MLB NFTs, which you can use to play and compete with in their fantasy tournaments, with some big prizes up for grabs - but your Sorare trades might just come with a surprise tax bill. Don't worry, you can connect to Koinly to calculate any tax liability. Here's how.


Follow these steps to sync your Sorare (SorareTools) data automatically to Koinly:

  1. Log in to your Sorare account.
  2. In the bottom right corner, click the Settings icon.
  3. Under API Keys, select Generate API Key.
  4. Copy the API key and paste it into the field in Koinly.

On Koinly:

  1. Create a free account on Koinly
  2. Complete onboarding until you get to the Wallets page and find Sorare (SorareTools) in the list
  3. Select API > Paste the API keys you copied above in the appropriate box
  4. Hit Import and wait for Koinly to sync your data. This can take a few minutes
  5. Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
  6. Go to the Tax Reports page to view your tax liability!
Having trouble connecting Sorare (SorareTools) with Koinly?

Your frequently asked questions

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