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How to Do Your Crypto.com Taxes

CryptoTrader.Tax imports Crypto.com data for easy tax reporting. Create the appropriate tax forms to submit to your tax authority.

Crypto.com Tax Reporting

You can generate your gains, losses, and income tax reports from your Crypto.com investing activity by connecting your account with CryptoTrader.Tax. Connect your account by importing your data through the method discussed below.

  • Crypto.com exports a complete Transaction History file to all users. Simply navigate to your Crypto.com account and download your transaction history from the platform.
  • Import your transaction history directly into CryptoTrader.Tax. Import the file as is. No manual work is required!
  • CryptoTrader.Tax automatically generates your gains, losses, and income tax reports based on this data.

File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

Crypto.com Tax Reporting

You can generate your gains, losses, and income tax reports from your Crypto.com investing activity by connecting your account with CryptoTrader.Tax. Connect your account by importing your data through the method discussed below.

  • Crypto.com supports importing data via read-only API. This allows automatic import capability so no manual work is required.
  • Connect CryptoTrader.Tax to your Crypto.com account with the read-only API.
  • Let CryptoTrader.Tax import your data and automatically generate your gains, losses, and income tax reports.

File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

Crypto.com Tax Reporting

You can generate your gains, losses, and income tax reports from your Crypto.com investing activity by connecting your account with CryptoTrader.Tax. There are a couple different ways to connect your account and import your data:

  • Automatically sync your Crypto.com account with CryptoTrader.Tax via read-only API. This allows your transactions to be imported with the click of a button.
  • Upload your Crypto.com Transaction History CSV file to CryptoTrader.Tax. You can download your Transaction History CSV directly from Crypto.com and import it into CryptoTrader.Tax

Both methods will enable you to import your transaction history and generate your necessary crypto tax forms in minutes. File these forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

Crypto.com Tax Reporting

You can generate your gains, losses, and income tax reports from your Crypto.com investing activity by connecting your account with CryptoTrader.Tax. There are a couple different ways to connect your account and import your data:

  • Automatically sync your Crypto.com account with CryptoTrader.Tax by entering your public wallet address. This allows your transactions to be read in directly from the blockchain.
  • Upload a Crypto.com Transaction History CSV file to CryptoTrader.Tax

Both methods will enable you to import your transaction history and generate your necessary crypto tax forms in minutes. File these forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

Crypto.com Tax Reporting

You can generate your gains, losses, and income tax reports from your Crypto.com investing activity by connecting your account with CryptoTrader.Tax. Connect your account by importing your data through the method discussed below:

  • Navigate to your Crypto.com account and find the option for downloading your complete transaction history.
  • Import your transaction history directly into CryptoTrader.Tax by mapping the data into the preferred CSV file format.
  • CryptoTrader.Tax automatically generates your gains, losses, and income tax reports based on this data.

File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

How Cryptocurrency Taxes Work

Cryptocurrencies like bitcoin are treated as property by many governments around the world—including the U.S. Other forms of property that you may be familiar with include stocks, bonds, and real-estate.

Just like these other forms of property, cryptocurrencies are subject to capital gains and losses rules, and you need to report your gains, losses, and income generated from your crypto investments on your taxes.

For a complete and in-depth overview, please refer to our Complete Guide to Cryptocurrency Taxes.

How To Do Your Crypto Taxes

To do your cryptocurrency taxes, you need to calculate your gains, losses, and income from your cryptocurrency investments in your home fiat currency (e.g. US Dollar, Australian Dollar, etc.).

Once you have your calculations, you can fill out the necessary tax forms required by your country. If you are in the United States, you can learn which forms you need to fill out with our blog post: How to Report Cryptocurrency On Your Taxes.

Why Can't Crypto.com Generate My Tax Forms?

Many cryptocurrency investors use additional exchanges, wallets, and platforms outside of Crypto.com. Perhaps you also trade on Coinbase or earn interest from BlockFi. The trouble with Crypto.com's reporting is that it only extends as far as the Crypto.com platform. If you use additional cryptocurrency wallets, exchanges, DeFi protocols, or other platforms outside of Crypto.com, Crypto.com can't provide complete gains, losses, and income tax information.

How Does Cryptocurrency Tax Software Help?

By integrating with all of your cryptocurrency platforms and consolidating your crypto data, CryptoTrader.Tax is able to track your profits, losses, and income and generate accurate tax reports in a matter of minutes.

You can test out the software and generate a preview of your gains and losses completely for free by creating an account.

Learn more about how CryptoTrader.Tax works here.

How to do your Crypto.com Taxes 

Are you a Crypto.com user looking to file your taxes? 

Trying to report your cryptocurrency on your tax return can be a stressful experience. In this article, we’ll break down the fundamentals of how cryptocurrency is taxed and walk you through a simple step-by-step process on how to file your Crypto.com taxes. 

What is Crypto.com? 

Crypto.com was founded in 2016 by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo. The company got its first round of funding in an ICO in June 2017, when it raised more than $25 million. 

Since then, the company has seen rapid growth. Between October 2020 and February 2021, Crypto.com grew its user base from 5 million to 10 million.

Part of Crypto.com’s success is the wide range of products and services that it offers to users. The company offers the ability to buy and sell cryptocurrencies, earn staking rewards, make purchases in cryptocurrency through the company’s debit card, and even buy and sell NFTs. 

How are Crypto.com transactions taxed? 

To help you better understand how your Crypto.com transactions will be taxed, let’s review the basics of crypto taxes

The IRS considers cryptocurrency a form of property that is subject to both income and capital gains tax. 

Income tax events: If you earn cryptocurrency as a form of income, this is considered personal income and will be taxed accordingly. 

Capital gains events: You incur capital gains or capital losses every time you dispose of your cryptocurrency. Selling your cryptocurrency or trading it for another cryptocurrency on Crypto.com would fall into this category. 

What about NFT transactions on Crypto.com? 

Buying and selling NFTs with cryptocurrency is considered a crypto-to-crypto transaction. You will incur capital gains and capital losses depending on how the value of your assets has fluctuated since you originally received them. For more information, check out our guide to NFT taxes

How are Crypto.com staking rewards taxed? 

Any tokens that you receive as a staking reward would be considered personal income and taxed accordingly. 

How is the Crypto.com debit card taxed? 

The Crypto.com debit card offers customers the ability to convert cryptocurrency to fiat and make purchases. When you convert your crypto to fiat, you will incur capital or capital losses depending on how the price of your tokens has changed since you originally received them. 

Does Crypto.com report to the IRS? 

Crypto.com provides American customers with a 1099-K form when they have more than $20,000 in trade volume and more than 200 trades for the year. A copy of this form will also be filed with the IRS. 

With the incoming passage of the American infrastructure bill, Crypto.com and other exchanges will soon be required to provide 1099 reporting information on all customers.

Why doesn’t Crypto.com generate my tax forms for me? 

Many cryptocurrency investors use additional exchanges, wallets, and platforms outside of Crypto.com. However, Crypto.com's reporting only extends as far as its own platform. If you use additional cryptocurrency wallets, exchanges, DeFi protocols, or other platforms, Crypto.com may be unable to provide complete gains, losses, and income tax information.

For example, imagine buying Bitcoin on Coinbase, then transferring it to Crypto.com. In this case, Crypto.com would not know your cost basis for purchasing your Bitcoin since the transaction took place on a different platform. As a result, Crypto.com would struggle to provide complete information on your 1099-B form. 

That’s why we recommend using CryptoTrader.Tax. CryptoTrader.Tax partners with Crypto.com and other exchanges to help investors accurately report all of their crypto transactions on their tax returns. 

A step-by-step guide to filing your Crypto.com taxes 

Here’s how you can import your Crypto.com transactions to the CryptoTrader.Tax platform. 

Step 1: Log in to your Crypto.com account and click on the Transaction History icon on the top right of the Crypto Wallet screen. 

Crypto.com app

Step 2: Click on the Export icon, select the date range and export the CSV, which is then imported onto our platform. 

Crypto.com transaction history

Step 3: Select a Start Date and End Date that contain your complete trading history. Then, click on Export to CSV.

Crypto.com export transactions

Step 4: Click on the Download button to download the CSV file. 

Crypto.com export history

Step 5: In the CryptoTrader.Tax platform, upload your CSV file to the Crypto.com tab.

CryptoTrader.Tax Crypto.com import

And that’s it! You’ll then be able to create a tax report that includes all of your Crypto.com transactions. 

Do your Crypto.com taxes today 

Want to get started managing your taxes on Crypto.com and other exchanges? Try out CryptoTrader.Tax, the crypto tax reporting software used by more than 100,000 investors. Get started with a free preview report - there’s no need to enter your credit card details until you’re 100% sure your transaction information is accurate. 

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