How can I use Koinly to calculate my cryptocurrency gains and losses?

3 answers

• Fit ImpactAug 26, 2022 · 3 years ago
  Sure! Here's a step-by-step guide on how to use Koinly to calculate your cryptocurrency gains and losses: 1. Sign up for an account on Koinly's website. 2. Connect your cryptocurrency exchange accounts to Koinly. This will allow Koinly to automatically import your transaction history. 3. Once your accounts are connected, Koinly will start importing your transaction data. You can review and categorize your transactions to ensure accuracy. 4. Koinly will automatically calculate your gains and losses based on your transaction history. You can view this information in the 'Gains' section of your Koinly account. 5. If needed, you can generate tax reports using Koinly's tax tools. These reports will provide you with the necessary information for filing your taxes. I hope this helps! Let me know if you have any further questions.
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• Thorup WebbFeb 02, 2024 · 2 years ago
  No worries! Calculating cryptocurrency gains and losses can be a bit tricky, but Koinly makes it easier. Here's a simple guide to get you started: 1. Create an account on Koinly's website. 2. Connect your cryptocurrency exchange accounts to Koinly. This will allow Koinly to fetch your transaction history. 3. Once your accounts are connected, Koinly will automatically import your transactions. You can review and categorize them for accuracy. 4. Koinly will then calculate your gains and losses based on your transaction history. You can find this information in the 'Gains' section. 5. If you need to report your gains and losses for tax purposes, Koinly provides tax tools to generate reports. Hope this helps! Feel free to reach out if you have any more questions.
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• iem7Dec 06, 2022 · 3 years ago
  Absolutely! Koinly is a great tool for calculating your cryptocurrency gains and losses. Here's a step-by-step guide: 1. First, sign up for an account on Koinly's website. 2. Connect your cryptocurrency exchange accounts to Koinly. This will allow Koinly to import your transaction history. 3. Once your accounts are connected, Koinly will automatically fetch your transactions. You can review and categorize them for accuracy. 4. Koinly will then calculate your gains and losses based on your transaction history. You can find this information in the 'Gains' section of your Koinly account. 5. If you need to generate tax reports, Koinly provides tools to help you with that as well. Hope this helps! Let me know if you have any other questions.
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