Kryptos Tax

Crypto tax reports in minutes, not hours. 5,000+ integrations. 35+ jurisdictions. Powered by @KryptosConnect |

[Kryptos Tax @hellokryptos]

Staking on @HyperliquidX, @SuiNetwork, @Aptos, Solana and Monad is now in your Kryptos portfolio.

In many countries staking rewards count as income when you receive them, and selling later can mean capital gains too. Kryptos logs each reward with its date for tax time.

[P2P.org @P2Pvalidator]

Staking and portfolio tracking have mostly lived in separate places: one app to see what you hold, and another to put it to work.

That changes today for @KryptosConnect users.

Here's what's new:

[Kryptos Tax @hellokryptos]

@Darrin_Mish Usually happens when coins move between exchanges. Each exchange only sees its own side, so the transfer in looks like it has no cost basis at all

[Kryptos Tax @hellokryptos]

@markcecchini Same works with crypto in the US. Give coins you've held over a year straight to the charity or DAF and you generally skip the capital gains tax. Just keep the records of what you paid

[Kryptos Tax @hellokryptos]

@RugToRoth And if those older coins moved between wallets or exchanges, the broker usually has no idea what you paid. Worth downloading your old exchange history now while those accounts still exist

[Kryptos Tax @hellokryptos]

@CryptoMichNL @okx Rough for everyone caught up in Knaken. If an exchange goes under, the claims process will ask for your full history, so export your trade data every few months and keep your own copy

[Kryptos Tax @hellokryptos]

@UpholdInc In a lot of countries each card payment made with crypto counts as a sale for tax, and the rewards can be income too. Easier to keep the records as you go

[Kryptos Tax @hellokryptos]

@philarekt Start with the cost basis. Lawyers tend to call back once the numbers add up

[Kryptos Tax @hellokryptos]

@accounting This would help a lot of people. With 1099-DAs matching sales to returns, most will first need to rebuild cost basis for past years to see what actually needs fixing

[Kryptos Tax @hellokryptos]

Kraken's parent Payward wants to offer US clients perps on Hyperliquid through Bitnomial. It still needs regulatory approval and there's no launch date yet.

If you trade perps, every funding payment, fee and close is its own line. Over a year of active trading that can add up to thousands of rows on your tax report.

Kryptos keeps that history in one place so you're not rebuilding it in a spreadsheet.

[Cointelegraph @Cointelegraph]

🔥 HUGE: Kraken's parent Payward plans to offer US clients perpetual futures on Hyperliquid through its CFTC-regulated Bitnomial, pending approval.

[Kryptos Tax @hellokryptos]

@TheMrX That gap is closing as more countries start sharing exchange data under CARF. Whenever the tax does start, having your own records from overseas exchanges will save a lot of pain

[Kryptos Tax @hellokryptos]

@DegenerateNews @Ripple @RobinhoodApp @RobinhoodCrypto Handy for payments. Just remember swapping your crypto into RLUSD can still count as a taxable sale in a lot of countries, so keep the records

[Kryptos Tax @hellokryptos]

@cryptaxpt Curious what you land on. In a lot of countries a tokenized share is still taxed like the share, so the token wrapper alone doesn't decide it

[Kryptos Tax @hellokryptos]

@Sakrexer Depends where you live. In the US, collectibles like cards can be taxed at up to 28% long term, which is higher than the top long-term rate on crypto

[Kryptos Tax @hellokryptos]

@milesdeutscher Fun until tax time. If the bot makes 300 trades a year, that's 300 taxable events you need records for in most countries

[Kryptos Tax @hellokryptos]

@scottmelker If you hold any of those 22 tokens on Binance, export your trade history before they're gone. Way easier now than rebuilding it at tax time

[Kryptos Tax @hellokryptos]

Stablecoins just passed 300 million holder addresses, and ARK says about 94% of them are on EVM chains.

Something a lot of those holders don't know: in many countries, swapping one stablecoin for another counts as a disposal for tax, even at $1 for $1. The gain or loss is usually tiny, but it still belongs on the report.

Kryptos tracks those swaps for you.

[Cointelegraph @Cointelegraph]

🔥 BIG: Stablecoins already surpassed 300 million holder addresses worldwide, and ARK Invest says EVM chains hold about 94% of them.

[Kryptos Tax @hellokryptos]

@AshCrypto Tokenized funds on a stablecoin still leave a trail of buys, sells and payouts. Keep records of all of it from day one, the tax side doesn't care how new the wrapper is

[Kryptos Tax @hellokryptos]

@RealCoinGeek A 4th delay doesn't make the gains disappear. When the tax finally lands ppl will need records going back years, so start keeping them now

[Kryptos Tax @hellokryptos]

@LarkDavis Bank-issued stablecoins will feel like cash. Swapping them into crypto still counts as a taxable event in a lot of countries though, so worth keeping records from day one

[Kryptos Tax @hellokryptos]

@Invested_In_You Same idea works for crypto. You just need the cost basis for every lot across your exchanges and wallets first, otherwise it's hard to tell which ones are actually at a loss

[Kryptos Tax @hellokryptos]

@zachmelloh26 One to add if you hold crypto: a loss only counts once you sell, and you need the cost basis for each lot to back it up. Much easier to sort out in November than in April