Overview
Koinly is a cryptocurrency tax calculation platform that enables users to generate tax reports in less than 20 minutes. The tool automates transaction imports from over 900 exchanges and blockchain wallets, eliminating the need to manually download CSV files and format data. The platform operates in over 20 countries and integrates with services like TurboTax and FreeTaxUSA to streamline tax filing. https://koinly.io
Services and expertise
Transaction import and synchronisation
Koinly connects exchange accounts via API or CSV files and blockchain wallets using public addresses. The platform automatically tracks transfers between wallets whilst preserving the original cost basis of assets.
DeFi tracking and staking
The tool supports DeFi activities including staking on Solana, lending on Curve and liquidity provision on Uniswap. These transactions are integrated directly into overall tax calculations.
Capital gains overview
Users can freely visualise their profits and losses for any tax year. A dashboard displays total holdings, return on investment and growth over time.
Tax report generation
Koinly produces 1099-DA forms and Form 8949 ready for IRS filing, as well as comprehensive tax reports detailing short-term and long-term capital gains and cryptocurrency income.
Tax optimisation
The tax loss harvesting function allows users to assess the tax impact of selling assets before the end of the tax year, facilitating optimisation decisions.
