How to Generate Your Crypto.com Tax Report

Calculating and filing cryptocurrency taxes can be a complicated and time-consuming endeavour. Thankfully, KoinX offers an all-encompassing solution that streamlines the procedure for consumers. KoinX facilitates the calculation and filing of crypto tax returns with minimum effort on your side.

Step 1: Add all the chains and exchanges where you have an account.
KoinX supports a wide range of major crypto exchanges and wallets, which enables anyone to conveniently import all their transaction data, in one place.

Step 2: Review your transactions.
KoinX will automatically categorise all transactions and compute gains and losses accordingly, ensuring 100 percent accuracy and compliance with the latest tax regulations. 

Note: If you see warnings in your portfolio, refer to this article to fix the issues.

Step 3: Generate your tax reports for the selected Financial Year

You have the option to categorise your trades as Capital Gains or as Business Income.

If you are trading in crypto as a secondary source of income (like just passively investing for returns) then please select Capital Gains.

If you are trading with the intent of making crypto as your primary source of income, then please select Business Income.

KoinX produces all the essential tax reports while providing a clear breakdown of your crypto tax obligations.

Step 4: File your taxes
Export tax reports directly from KoinX and import them into your preferred tax software, or provide them to your tax professional for swift and hassle-free filing.

The simplified method of KoinX enables consumers to comfortably face the issues of cryptocurrency taxation. You may focus on your assets with confidence while KoinX handles the complications of crypto taxation.