Welcome to our Koinly tax report app review 2021. Koinly is the absolute best crypto tax software for US, Canada and UK. Koinly will automate your crypto tax report work and automatically create a tax file for you. However, you should be aware of how crypto trading, earning, income and gains are taxed which you […] The post Koinly Tax Report App Review 2021 – Best for US and Canada appeared first on Cryptocointrade.

Koinly Tax Report App Review 2021 – Best for US and Canada

Welcome to our Koinly tax report app review 2021. Koinly is the absolute best crypto tax software for US, Canada and UK.

Koinly will automate your crypto tax report work and automatically create a tax file for you.

However, you should be aware of how crypto trading, earning, income and gains are taxed which you can read more about in our linked article.

In addition, we have a general 4 step guide applicable for any automated crypto tax software.

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What is Koinly Tax Report App?

Koinly is an online crypto tax report app that allows you to monitor all your crypto activities and automatically generate regulatory compliant tax reports.

Koinly allows you to integrate your wallets and keep track of all your cryptocurrency activities. In addition Koinly can separate taxable events from non taxable events including transferring, trading, mining, staking, lending, and airdrops and simplifies the process of recording all the ins and outs.

Koinly can be used to automatically import transactions, and monitors all market prices, wallet transfers, calculates your crypto gains/losses, and generates tax reports.

Some bullet points about Koinly

  • Koinly is available in over 20 countries
  • Koinly integrates over 6,000 blockchains
  • Koinly support 350 exchanges and 75 wallets

Countries Supported by Koinly Tax Report App

Koinly supports tax reporting for many countries. Always make sure your country is supported before you purchase any tax reporting plan.

Koinly support all countries that use Average Cost, FIFO, LIFO, HIFO etc for calculating gains. Koinly also offer specialized tax reports for countries like USA, Canada, Australia, UK, Germany, Norway, Denmark & Sweden. These are specified in the bullet list below.

Koinly can also generate a number of localized tax reports for different countries such as:

  • Form 8949 and Schedule D (US)
  • Capital gains summary (UK)
  • K4 (Sweden)
  • RF1159 (Norway)
  • Swiss Valuation Report (Switzerland)
  • Lomake 9 (Finland)
  • Schedule 3 (Canada)
  • Summarized ATO report (Australia)
  • Formulaire 2086 (France)
Calculate your taxes in 20 min

Supported Exchanges and Wallets to Koinly Tax Report App

Koinly supports import from a wide range of popular crypto exchanges, wallets and even blockchains. In total, this allows you to keep track of your activities on over 6,000 different blockchains, 350 exchanges, and 75 wallets.

In the screenshot below, you can see a selection of some of the most popular crypto services supported and integrated by Koinly 2021. 

Koinly Review 2021 Price Plans

Koinly has four different price plans in 2021 and you can review what is included in the imge below.

The price plans are

  • Free 10.000 transactions
  • Newbie $49/year 100 transactions
  • Hodler $99/year 1000 transactions
  • Trader $179/year 10.000 transactions

I have more than 10,000 transactions. Which plan should I buy?

If you exceed the limits of our top plan then you can purchase additional transactions in the app. Koinly has been used to calculate gains for algorithmic traders with well over 500k transactions

Can I upgrade after purchasing a plan?

Yes, if you find that you are over the transaction limits for your plan you can upgrade by paying the difference

Which payment methods does Koinly accept?

Koinly accepts both cryptocurrency (BTC, ETH, DAI, USDC) and credit/debit card payments.

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Koinly Tax Report App 2021 - Pros and Cons

+ Multi Country Support – Koinly is available in over 20 countries across Europe, Asia, Oceania, and the Americas. Also, Koinly supports some  localized tax reports

+ Support for many exchanges, wallets and blockchainsExtensive Service Integration – Koinly integrates with over 6,000 blockchains, 350 exchanges and 75 wallets.

+ Easy Data Import – Koinly allows you to import key data via API key or manually by a CSV file.

+ Free Account – The platform can be used for free to track up to 10,000 transactions. 

+ Koinly blog, accountant help and tax guides – Koinly provides many additional service like a Crypto Tax Calculator, Regional Tax Guides, a Tax Accountant list, and a Blog to keep its users up to date.

 

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