CoinLedger imports Kraken data for easy tax reporting. Create the appropriate tax forms to submit to your tax authority.
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Kraken Tax Reporting
You can generate your gains, losses, and income tax reports from your Kraken investing activity by connecting your account with CoinLedger. Connect your account by importing your data through the method discussed below.
Kraken exports a complete Transaction History file to all users. Simply navigate to your Kraken 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.
Kraken Tax Reporting
You can generate your gains, losses, and income tax reports from your Kraken investing activity by connecting your account with CoinLedger. Connect your account by importing your data through the method discussed below.
Kraken supports importing data via read-only API. This allows automatic import capability so no manual work is required.
Connect CoinLedger to your Kraken 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.
Kraken Tax Reporting
You can generate your gains, losses, and income tax reports from your Kraken 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 Kraken account with CoinLedger via read-only API. This allows your transactions to be imported with the click of a button.
Upload your Kraken Transaction History CSV file to CoinLedger. You can download your Transaction History CSV directly from Kraken 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.
Kraken Tax Reporting
You can generate your gains, losses, and income tax reports from your Kraken 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 Kraken account with CoinLedger by entering your public wallet address. This allows your transactions to be read in directly from the blockchain.
Upload a Kraken 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.
Kraken Tax Reporting
You can generate your gains, losses, and income tax reports from your Kraken investing activity by connecting your account with CoinLedger. Connect your account by importing your data through the method discussed below:
Navigate to your Kraken 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.
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 Kraken Generate My Tax Forms?
Many cryptocurrency investors use additional exchanges, wallets, and platforms outside of Kraken. Perhaps you also trade on Coinbase or earn interest from BlockFi. The trouble with Kraken's reporting is that it only extends as far as the Kraken platform. If you use additional cryptocurrency wallets, exchanges, DeFi protocols, or other platforms outside of Kraken, Kraken 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.
Whether you file by hand or use crypto tax software, doing your Kraken taxes comes down to four steps:
Gather your full Kraken 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 staking or referral 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.
That is the whole process, and for most people the hard part is steps 1 and 2. If you have ever moved crypto between Kraken and another wallet or exchange, Kraken can only see part of your history, so the totals it shows you can be incomplete.
That is where crypto tax software comes in. CoinLedger connects Kraken 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 Kraken?
Yes. In the US and most other countries, your Kraken activity is subject to two kinds of tax:
Capital gains tax. When you dispose of cryptocurrency (selling it, trading one coin for another, or spending it), you recognize a capital gain or loss based on how the price changed since you received it.
Income tax. When you earn cryptocurrency (through staking rewards, referrals, or interest), you recognize ordinary income equal to its fair market value at the time you received it.
For the 2025 tax year, Kraken issues a combined Form 1099 that can include:
Form 1099-DA for your crypto sales and disposals. 2025 is the first year exchanges are required to issue it, and it reports your gross proceeds (the total you sold for), not your gain or loss. Cost basis reporting begins for assets acquired on or after January 1, 2026.
Form 1099-MISC if you earned $600 or more in staking or other rewards, taxed as ordinary income.
Form 1099-INT if you earned $10 or more in interest.
Kraken sends a copy of these forms to the IRS as well. Remember that a 1099 only reflects your Kraken activity, so it is a starting point, not a complete tax report (see below).
Does Kraken report to the IRS?
Yes. Kraken reports to the IRS through the 1099 forms above. It has also shared customer data under a court order: following a 2021 IRS John Doe summons, a federal court in 2023 ordered Kraken to hand over identifying and transaction details for US customers who transacted above certain thresholds.
Remember, you owe tax on your Kraken gains and income whether or not you receive a form. A missing 1099 does not remove the obligation to report.
Why isn't my Kraken tax report accurate?
Kraken's reporting can only extend as far as the Kraken platform. Because investors regularly transfer crypto between wallets and exchanges, Kraken cannot see the original cost basis of coins you moved in from somewhere else, so it cannot calculate your gain or loss correctly.
Example: why transfers break your cost basis
Robert buys $5,000 of BTC on another exchange. He transfers it to a cold wallet, then later sells it for $6,000 on Kraken.
Kraken only sees the $6,000 sale, not the $5,000 Robert originally paid. Without his cost basis, Kraken cannot tell whether he had a gain or a loss.
The fix is to bring every wallet and exchange into one place so your cost basis follows your crypto across platforms. That is exactly what crypto tax software like CoinLedger does.
How is margin trading on Kraken taxed?
Margin and futures trades on Kraken are taxed like any other disposal: each trade that closes at a gain or loss is a capital gain or loss, and leverage can make those gains or losses larger. Margin interest you pay may be deductible as an investment expense. Reporting margin activity by hand is difficult, which is one more reason to let software reconstruct it. Note that CoinLedger imports Kraken margin trades through the API method only, not through CSV.
How to file your Kraken taxes in minutes
With CoinLedger, you can import your complete Kraken history and generate your crypto tax forms in a few minutes. There are two ways to connect: a file upload, or an automatic API import.
Option 1: File upload (CSV)
In Kraken Pro, click your profile icon and go to Settings, then the Documents tab, and click Create export.
Set Export type to Ledgers, set the date range as wide as possible, leave assets and fields on All, choose CSV, and click Generate. Download and unzip the file to get ledgers.csv.
In CoinLedger, go to Add Account, choose the Kraken tab, and click Upload File. Drag your CSV in.
A CSV covers your spot and staking activity but not margin trades. If you traded on margin, use the API import instead. Full steps are in our Kraken file import guide.
Option 2: Automatic API import
In Kraken, go to Settings, then API, and click Create API Key.
Enable read-only permissions only: Query Funds, Query Open Orders & Trades, Query Closed Orders & Trades, and Query Ledger Entries. Turn on Custom Nonce Window and set it to 10,000.
Copy your API Key and API Private Key.
In CoinLedger, open Add Account, choose the Kraken tab, click Auto-Import, paste both keys, and click Sync Transactions. The import usually takes 5 to 10 minutes.
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.
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