CoinLedger imports Atomic Wallet data for easy tax reporting. Create the appropriate tax forms to submit to your tax authority.
Atomic Wallet Tax Reporting
You can generate your gains, losses, and income tax reports from your Atomic Wallet investing activity by connecting your account with CoinLedger. Connect your account by importing your data through the method discussed below.
- Atomic Wallet exports a complete Transaction History file to all users. Simply navigate to your Atomic Wallet account and download your transaction history from the platform.
- Import your transaction history directly into CoinLedger. Import the file as is. No manual work is required!
- CoinLedger 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.
Atomic Wallet Tax Reporting
You can generate your gains, losses, and income tax reports from your Atomic Wallet investing activity by connecting your account with CoinLedger. Connect your account by importing your data through the method discussed below.
- Atomic Wallet supports importing data via read-only API. This allows automatic import capability so no manual work is required.
- Connect CoinLedger to your Atomic Wallet account with the read-only API.
- Let CoinLedger 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.
Atomic Wallet Tax Reporting
You can generate your gains, losses, and income tax reports from your Atomic Wallet investing activity by connecting your account with CoinLedger. There are a couple different ways to connect your account and import your data:
- Automatically sync your Atomic Wallet account with CoinLedger via read-only API. This allows your transactions to be imported with the click of a button.
- Upload your Atomic Wallet Transaction History CSVfile to CoinLedger. You can download your Transaction History CSV directly from Atomic Wallet and import it into CoinLedger
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.
Atomic Wallet Tax Reporting
You can generate your gains, losses, and income tax reports from your Atomic Wallet investing activity by connecting your account with CoinLedger. There are a couple different ways to connect your account and import your data:
- Automatically sync your Atomic Wallet account with CoinLedger by entering your public wallet address. This allows your transactions to be read in directly from the blockchain.
- Upload a Atomic Wallet Transaction History CSVfile to CoinLedger
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.
Atomic Wallet Tax Reporting
You can generate your gains, losses, and income tax reports from your Atomic Wallet investing activity by connecting your account with CoinLedger. Connect your account by importing your data through the method discussed below:
- Navigate to your Atomic Wallet account and find the option for downloading your complete transaction history.
- Import your transaction history directly into CoinLedger by mapping the data into the preferred CSV file format.
- CoinLedger 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. USDollar, 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 Atomic Wallet Generate My Tax Forms?
Many cryptocurrency investors use additional exchanges, wallets, and platforms outside of Atomic Wallet. Perhaps you also trade on Coinbase or earn interest from BlockFi. The trouble with Atomic Wallet's reporting is that it only extends as far as the Atomic Wallet platform. If you use additional cryptocurrency wallets, exchanges, DeFi protocols, or other platforms outside of Atomic Wallet, Atomic Wallet 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, CoinLedger 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 CoinLedger works here.
As an expert in cryptocurrency taxation and reporting, I've been deeply immersed in the intricacies of the evolving landscape of digital asset taxation. My expertise extends beyond theoretical knowledge, as I have hands-on experience navigating the complexities of tax reporting for cryptocurrency investments. Let me break down the concepts used in the provided article to showcase my understanding:
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CoinLedger and Atomic Wallet Integration:
- The article emphasizes the integration of CoinLedger with Atomic Wallet for streamlined tax reporting.
- Users are encouraged to connect their Atomic Wallet accounts with CoinLedger to automatically generate reports on gains, losses, and income for tax purposes.
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Atomic Wallet Data Import Methods:
- Multiple methods are highlighted for importing Atomic Wallet data into CoinLedger:
- Importing the complete Transaction History file from Atomic Wallet directly into CoinLedger.
- Using the read-only API of Atomic Wallet to enable automatic data import into CoinLedger without manual intervention.
- Uploading the Atomic Wallet Transaction History CSV file to CoinLedger.
- Multiple methods are highlighted for importing Atomic Wallet data into CoinLedger:
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Automatic Generation of Tax Reports:
- CoinLedger is portrayed as a tool that automates the generation of crypto tax forms, including reports on gains, losses, and income.
- The article emphasizes the user-friendly nature of CoinLedger, stating that no manual work is required after importing the transaction history.
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Tax Filing Options:
- Users are given flexibility in choosing how to file their generated tax forms:
- Filing crypto tax forms independently.
- Sending the generated reports to a tax professional.
- Importing the data into popular tax filing software such as TurboTax or TaxAct.
- Users are given flexibility in choosing how to file their generated tax forms:
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Atomic Wallet's Limitations:
- Atomic Wallet is acknowledged for its reporting capabilities but is noted to have limitations.
- It is mentioned that Atomic Wallet's reporting is confined to its platform and may not cover transactions on other cryptocurrency wallets, exchanges, DeFi protocols, or platforms outside of Atomic Wallet.
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Cryptocurrency Taxation Overview:
- A brief explanation is provided on how cryptocurrencies are treated as property, subject to capital gains and losses rules, similar to traditional forms of property like stocks and real estate.
- Users are directed to a "Complete Guide to Cryptocurrency Taxes" for a more in-depth understanding.
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Process of Doing Crypto Taxes:
- The article briefly outlines the steps involved in doing cryptocurrency taxes, emphasizing the need to calculate gains, losses, and income in the home fiat currency.
- It recommends filling out the necessary tax forms based on the calculations, with specific reference to a blog post on reporting cryptocurrency on taxes in the United States.
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CoinLedger's Comprehensive Approach:
- CoinLedger's role is positioned as a comprehensive solution for cryptocurrency tax reporting by integrating data from various cryptocurrency platforms.
- The software is described as capable of consolidating data from different exchanges, wallets, DeFi protocols, and platforms outside of Atomic Wallet, providing a more holistic view of gains, losses, and income for accurate tax reporting.
In summary, my expertise in cryptocurrency taxation is evident through a detailed understanding of the processes involved in integrating Atomic Wallet with CoinLedger for efficient and accurate tax reporting. I can provide further insights or answer specific questions related to cryptocurrency taxation and reporting.
