FAQs for Cointrackers Fully Supports 5 Countries

What are crypto tax events❓

Crypto tax events are cryptocurrency transactions that result in tax. Examples are selling Crypto for cash, using Crypto to purchase goods and serv...Read more

lost money trading cryptocurrency. Do I still need to pay tax❓

When a trader incurs a loss on a crypto transaction, he will deduct the losses from the gains taxes will be charged. For example, If you sold Eth w...Read more

Does Cointracker report to the IRS❓

Cointracker has automated the process of reporting to the IRS.Read more

Is Cointracker owned by Coinbase❓

No, Cointracker is not owned by coinbase. They are only in a partnership. Coinbase has made a strategic investment in Cointracker, which in return...Read more

How do I calculate tax in Crypto to crypto transactions❓

IRS requires it. To calculate tax in Crypto to crypto transactions, you will have to find the value of the crypto coins involved in fiat- USD, for...Read more

Does Koinly work for the UK❓

Yes, it does. UK citizens that trade or use Crypto can also use Koinly to generate tax reports.Read more

Is Koinly safe to connect with Coinbase❓

Yes, it is safe to connect Koinly to Coinbase. So far, there has not been any reason to think that it is risky to connect Koinly with Coinbase. Koi...Read more

Are airdrops, staking, mining, forks taxed❓

es, airdrops, staking, mining, forks are taxed. All these are taxed because they are also considered income for an individual.Read more

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