CoinCoinJar

How to Do Your CoinJar Taxes

How To Do Your CoinJar Taxes

CoinLedger imports CoinJar data for easy tax reporting. Create the appropriate tax forms to submit to your tax authority.

CoinJar Tax Reporting

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

  • CoinJar exports a complete Transaction History file to all users. Simply navigate to your CoinJar 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.

CoinJar Tax Reporting

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

  • CoinJar supports importing data via read-only API. This allows automatic import capability so no manual work is required.
  • Connect CoinLedger to your CoinJar 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.

CoinJar Tax Reporting

You can generate your gains, losses, and income tax reports from your CoinJar 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 CoinJar account with CoinLedger via read-only API. This allows your transactions to be imported with the click of a button.
  • Upload your CoinJar Transaction History CSV file to CoinLedger. You can download your Transaction History CSV directly from CoinJar 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.

CoinJar Tax Reporting

You can generate your gains, losses, and income tax reports from your CoinJar 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 CoinJar account with CoinLedger by entering your public wallet address. This allows your transactions to be read in directly from the blockchain.
  • Upload a CoinJar Transaction History CSV file 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.

CoinJar Tax Reporting

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

  • Navigate to your CoinJar 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. 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 CoinJar Generate My Tax Forms?

Many cryptocurrency investors use additional exchanges, wallets, and platforms outside of CoinJar. Perhaps you also trade on Coinbase or earn interest from BlockFi. The trouble with CoinJar's reporting is that it only extends as far as the CoinJar platform. If you use additional cryptocurrency wallets, exchanges, DeFi protocols, or other platforms outside of CoinJar, CoinJar 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.

Trying to report your CoinJar taxes? 

Cryptocurrency taxes can be stressful and overwhelming, even for seasoned investors. 

In this guide, we’ll break down everything you need to report your CoinJar transactions on your tax return. We’ll also break down a simple step-by-step process to help you finish the process in minutes. 

How is cryptocurrency taxed?

In countries like Australia and the UK, cryptocurrency is subject to ordinary income and capital gains tax. 

Crypto taxes breakdown

For more information, check out our guide to Australian cryptocurrency taxes or our guide to UK crypto taxes

Does CoinJar report to the ATO? 

Currently, CoinJar doesn’t report to tax agencies like the ATO and the HRMC. However, the exchange does collect customer information upon sign-up. The site’s privacy policy states that it may be required to disclose personal data to comply with law enforcement and regulatory requests. 

Why doesn’t CoinJar send me tax forms? 

Like most cryptocurrency exchanges, CoinJar doesn’t provide users with complete tax forms. 

Because investors often transfer their crypto between different wallets and exchanges, it’s challenging for exchanges to track cost basis — the investor’s original cost for acquiring their  cryptocurrency. Without this data, it’s difficult to calculate capital gains and losses. 

As a result, the responsibility for accurately tracking and reporting cryptocurrency taxes falls on the investor. 

Of course, manually tracking your cryptocurrency taxes can be difficult. Luckily, there’s an easier way. Crypto tax software like CoinLedger can help you report your cryptocurrency taxes across all your wallets and exchanges in minutes. 

How can I track my CoinJar taxes? 

There are three methods you can use to connect your CoinJar account with CoinLedger: manual and automatic. Let’s go through these methods.

Method #1: Automatic integration (CoinJar Wallet)

1. From within CoinLedger, select CoinJar as your account and click on the Sync Transactions button.

CoinJar tax import

2. After clicking the sync button, it will take you to the CoinJar website where you can sign in to authorize CoinLedger to import your trades (note this does not give CoinLedger any access to your funds).

CoinJar OAuth

3. After logging in, click "Allow" and authenticate your CoinJar account. From here you will be taken back to CoinLedger. Click Sync transactions to start the importing of your trades.

Sync transactions Coinjar

Method #2: Automatic integration (CoinJar Exchange)

1. Click the Settings icon on the top right corner of your CoinJar account, then click on API Keys. 

CoinJar exchange

2. Click Create New Key.

Create API Key CoinJar

3. Select the ‘Read Only’ option for your API Key. Then, select ‘Create Key’

Create read only key

4. Note down your secret API Key. You will not have access to it after this step.

API secret key CoinJar

5. Go to your CoinLedger account and click the API import button. Then, click Sync Transactions to import your CoinJar transactions.

Method #3: Manual integration (CSV File Import)

1. Login to your CoinJar account.

2. Navigate to the Settings page.

3. Under Tax Settings choose to download your Purchase and Sales Report (CSV).

4. You will receive a file in .csv format. Navigate to Step 1. Import in CoinLedger. Select Add Account then choose the CoinJar tab on CoinLedger. Click on Upload File and drag your CSV file into the box to import your transactions.

And that’s it! Once you’re finished, you can import any transactions from other wallets and exchanges and generate a comprehensive tax report with the click of a button. 

File your crypto taxes today 

Want to get started reporting your taxes for CoinJar and other crypto exchanges? Try CoinLedger — the platform that makes lodging your crypto taxes stress-free. 

More than 300,000 crypto investors around the globe use CoinLedger to file their taxes in minutes. 

Get started with a free preview report

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