This is by no means legal advice, simply a helpful consideration you might use based on my foreknowledge.
Before we begin if you are already planning on purchasing on of the addons tax packages to automatically export reports into other tax reporting software’s such as TurboTax, H&R Block, or another, I recommend to sign up with this link to save on your purchase.
Otherwise, if your here to use the FREE tax reporting software you will want to sign up as well before beginning the walkthrough tutorials below.
This is going to be short post that describes the process of how to go about calculating ALL or as many as you’d like when tracking your crypto transactions between multiple exchanges, wallets and addresses.
Quick Import Guide:
Collect “read only” API Keys from your centralized exchanges: These will include those such as Binance, Kucoin, Kraken, Gate.io and others.
If you use a wallet like MetaMask to connect to the exchange and all your transaction data is stored on a blockchain, wether that be Ethereum , Binance Smart Chain (BSC), Solana or another, simply copy your wallets addresses to Koinly.
Once you collect all this information say in a Google Docs or Excel Spreadsheet importing into the tax reporting software to generate a simple overview of your assets will be a breeze. Here is a final product of what it will look like:
Video Walkthroughs:
For more video tutorials visit there home page.
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TornadoCash: Your gateway to anonymous transactions on Ethereum. Keep your financial activities private with this decentralized mixer
TornadoCash: Where privacy meets decentralization. Keep your Ethereum transactions confidential with this innovative protocol
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