How do I sign up to be a Crypto.com Tax user?
You can sign up using your email address or Google account. You don’t need to be a Crypto.com user - in fact, we are bringing this service to every retail user to make your life easier!
Which documents are required?
You need to have the details of your cryptocurrency transactions across all your exchange/wallet accounts since the time you acquired your first coin. Even if you need to only calculate your crypto tax for 2020, in order for the cost basis to be currently reflected, the entire transaction history must be in place for correct results.
What are the steps to prepare my tax reports?
Step 1: Register your account in Crypto.com Tax
Step 2: Import your transactions in our product in 5 ways:
API synchronization with the supporting wallets/exchanges
Import the CSV file exported from our supporting wallets/exchanges
Import our Generic CSV Template for the non-supporting wallets/exchanges
Manually add your transactions
Synchronization from blockchains for Ethereum (ETH & ERC-20 Tokens) and Bitcoin
Step 3: Review your tax calculation in Transaction, and make amendments if necessary You can also click each transaction to view the calculation of capital gain/loss in detail.
Step 4: Generate the below tax reports on the page of Tax Reports:
Capital gain/loss CSV file, including the number of Proceeds, Cost basis, Selling expense, and Capital gain/loss
Transaction history CSV file for keeping the books and records
Income report for keeping track of cryptocurrency you received
Gifts, donations & payments report for keeping records of all the cryptocurrency you sent
Expense report for keeping track of the particular fee charges e.g. gas fee from failed transactions
Step 5: You may decide to use the information generated in the downloaded tax reports to prepare your official tax forms.