In this video I will show you step by step instructions on how to do your cryptocurrency taxes with Koinly. I will be connecting my Coinbase, Coinbase Pro, Binance and Ledger wallets. We will also go over how to review transactions and fix some common issues.
Koinly supports a number of countries like the US, Canada, Australia, UK, Germany etc and the instructions are the same for all of them (only the tax settings are slightly different). You will be able to download your Schedule D & Form 8949 (USA), Capital gains summary (HMRC), Schedule 3 (Canada) and any other forms required by your country.
More info on how to review your transactions:
More info on xpub keys:
00:00 Koinly Account Setup
00:55 Adding Wallets
08:50 Adding Ledger
12:05 Transaction Review
14:12 Tax forms
Our tax team has done a lot of the groundwork to figure out the best way to report crypto taxes, but neither myself nor Koinly are financial advisers and everyone out there has there own financial situation, so when in doubt, definitely reach out to a tax or legal professional. (if things aren’t sitting right for you.)
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