Crypto Activity Can Create Tax Reporting Obligations.
Trades, swaps, mining rewards, staking income, airdrops, and sales may all have tax implications depending on your jurisdiction. Understand the basics — then find the right tools.
Key Crypto Tax Obligations
In most jurisdictions, selling, swapping, or spending cryptocurrency is a taxable event. Even exchanging one crypto for another may trigger capital gains. The rules vary — always consult a qualified tax professional for your situation.
Simplify Your Crypto Tax Reporting
CoinLedger and Koinly both import exchange and wallet transactions, calculate gains and losses, and generate tax reports you can file yourself or share with your tax professional. Compare supported exchanges, countries, and pricing, then pick the one that fits your accounts.
Trading & Swaps
Selling crypto for fiat or swapping one crypto for another may trigger capital gains or losses depending on your holding period.
Mining Income
Mining rewards are typically treated as ordinary income at the fair market value on the date received, then subject to capital gains when sold.
Staking & Rewards
Staking rewards, airdrops, and referral bonuses may be taxable as ordinary income in the year they are received.
Record Keeping
Maintain complete transaction records including dates, amounts, cost basis, and fair market value at time of every transaction.