Koinly
Koinly is a cryptocurrency tax software that helps users calculate capital gains, income and deductions for tax purposes. It connects to crypto exchanges and wallets to track transactions and generate tax reports.
cryptocurrency
bitcoin
tax
accounting
capital-gains
income
deductions
reports
Koinly: Cryptocurrency Tax Software
A cryptocurrency tax software helping users calculate capital gains, income, and deductions for tax purposes, connecting to crypto exchanges and wallets to track transactions and generate tax reports.
What is Koinly?
Koinly is a leading cryptocurrency tax calculation software designed to help cryptocurrency investors and traders calculate their capital gains, income and deductions for tax purposes. The software integrates with major cryptocurrency exchanges and wallets to import transaction history and generate comprehensive tax reports.
Some key features of Koinly include:
- Automated import of trading and transaction data from supported exchanges and wallets like Coinbase, Binance, Ledger and many more
- Accurate calculation of capital gains and losses across thousands of cryptocurrencies using the FIFO, LIFO, HIFO and other accounting methods
- Deduction tracking for trading fees, airdrops, crypto donations, income, mining income and more
- Tax-loss harvesting strategies and tools
- Generation of key tax forms like Form 8949, Schedule D, FBAR and others for the US
- Support for several international tax jurisdictions like the UK, Australia, Canada, Germany and more
- Robust API and integrations for tax professionals and enterprises
Overall, Koinly aims to make cryptocurrency tax reporting easy, transparent and compliant with local tax laws in various countries. It's frequently updated to support new cryptocurrencies, exchanges, features and tax requirements.
Koinly Features
Features
- Automatically imports transactions from exchanges and wallets
- Generates capital gains/loss reports
- Supports over 300 exchanges and wallets
- Tax loss harvesting tools
- Multi-currency support
- Audit protection guarantee
Pricing
- Freemium
- Subscription-Based
Pros
Easy to use interface
Integrates with many exchanges/wallets
Generates necessary tax forms
Good customer support
Reasonably priced
Cons
Limited free plan
No mobile app
Some unsupported smaller exchanges
Official Links
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