How to Do Your eToro Taxes

How To Do Your eToro Taxes

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

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eToro Tax Reporting

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

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

eToro Tax Reporting

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

eToro Tax Reporting

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

eToro Tax Reporting

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

eToro Tax Reporting

Navigate to your eToro 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 eToro Generate My Tax Forms?

Many cryptocurrency investors use additional exchanges, wallets, and platforms outside of eToro. Perhaps you also trade on Coinbase or earn interest from BlockFi. The trouble with eToro's reporting is that it only extends as far as the eToro platform. If you use additional cryptocurrency wallets, exchanges, DeFi protocols, or other platforms outside of eToro, eToro 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’s cryptocurrency tax software and crypto portfolio tracker are able to track your profits, losses, 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.

Whether you file by hand or use crypto tax software, doing your eToro taxes comes down to four steps:

Gather your full eToro transaction history: every buy, sell, trade, deposit, and withdrawal.
Sort your transfers. Moving crypto between your own wallets is not taxable, but crypto that comes in as income (like rewards) is.
Calculate your capital gain or loss on each disposal, plus the value of any crypto income at the time you received it.
Report it on the right forms. In the US, capital gains go on Form 8949 and Schedule D, and crypto income goes on Schedule 1. These forms get included with your full tax return. Other countries have their own equivalents.

For a detailed explainer on reporting crypto from any platform, see our guide on how to report your cryptocurrency on your taxes.

For most people the hard part of doing your eToro taxes is steps 1 and 2. If you have traded on other platforms or moved crypto between eToro and another wallet, eToro can only see part of your history, so the totals on its forms can be incomplete.

That is where crypto tax software comes in. CoinLedger connects eToro to every other wallet and exchange you have used, reconstructs your full history, and generates your tax forms automatically. More than 700,000 investors use it to file in minutes. Get started with a free account today, or keep reading to do it yourself.

Do you have to pay taxes on eToro?

Yes. In the US and most other countries, your eToro crypto activity is subject to two kinds of tax:

Capital gains tax. When you dispose of cryptocurrency (selling it or trading one coin for another), you recognize a capital gain or loss based on how the price changed since you received it.
Income tax. When you earn cryptocurrency (through rewards), you recognize ordinary income equal to its fair market value at the time you received it.

For a full breakdown, read our complete guide to cryptocurrency taxes.

What tax forms does eToro provide?

eToro is a US broker, so it issues tax forms and reports to the IRS. The form depends on what you traded:

Crypto: starting with the 2025 tax year, eToro issues Form 1099-DA, which reports your gross proceeds from crypto sales (with no minimum threshold). Cost basis reporting phases in for the 2026 tax year.
Stocks, ETFs, and options: eToro issues a consolidated 1099 that bundles Form 1099-B (proceeds), 1099-DIV (dividends), and 1099-MISC (other income, such as reward bonuses).

Note that eToro US offers a curated set of cryptoassets (expanded to more than a dozen coins in 2025), so your crypto activity there is limited to what eToro lists. Whatever forms you receive, remember that a 1099 only reflects your eToro activity, so it is a starting point, not a complete tax report (see below).

Does eToro report to the IRS?

Yes. As a US broker, eToro files your 1099 forms with the IRS, including the new Form 1099-DA for crypto. You owe tax on your gains and income whether or not you receive a form, so a missing form does not remove the obligation to report.

Why might my eToro tax forms be inaccurate?

There are two common reasons.

First, eToro's forms calculate your gains and losses using first-in first-out (FIFO). The IRS also allows specific identification, which lets you choose which coins you are selling and can lower your tax bill in some cases. Crypto tax software can apply that method for you.

Second, eToro can only see the activity that happened on eToro. If you traded on other platforms or moved crypto in from another wallet, eToro cannot see the original cost basis of those coins, so its totals can be incomplete.

Example: why transfers break your cost basis

Daniel buys $2,000 of ETH on another platform. He moves it into eToro, then later sells it for $2,500.

eToro only sees the $2,500 sale, not the $2,000 Daniel originally paid. Without his cost basis, its form cannot tell whether he had a gain or a loss.

The fix is to bring every wallet, exchange, and platform into one place so your cost basis follows your crypto everywhere it goes. That is exactly what crypto tax software like CoinLedger does.

How to file your eToro taxes in minutes

With CoinLedger, you can import your eToro history and generate your crypto tax forms in minutes. eToro connects through a file upload.

In eToro, go to Settings, then Account, and click View to open your account statement.
Click Select Dates, choose Custom, set the start date to when you opened your account and the end date to today, and create the statement. Download it as an XLS file (not a PDF), and do not open or re-save the file first.
In CoinLedger, go to Add Account, choose the eToro tab, and upload the XLS.

Note that only closed crypto positions import, because eToro does not expose the cost basis of positions you still hold open. Full steps are in our eToro file import guide.

Once your transactions are in, CoinLedger matches your transfers, calculates your gains, losses, and income, and produces a complete tax report. You can file it yourself, hand it to your tax professional, or import it into TurboTax, TaxAct, or H&R Block.

Get started with CoinLedger today

Take the stress out of tax season. More than 700,000 investors around the world use CoinLedger to track their gains, losses, and income across all of their wallets and exchanges.