Unfortunately, we cannot provide advice when it comes to reporting taxes, and it is not possible to report your cryptocurrency profit taxes (known as Capital Gains tax) here on Coinmetro. However, you can download your full transaction history in either CSV or PDF format to assist you with working out your taxes.
We recommend using either Koinly or CoinTracking to work out your cryptocurrency gains taxes. When downloading your transaction history file, simply select either the Koinly or Cointracking file, and then upload it directly to one of these services which will work out how much tax you are liable to pay on your profits.
What is Capital Gains Tax?
Capital Gains Tax is a tax on the profit when you sell something (an ‘asset’) that’s increased in value. It’s the gain you make that’s taxed, not the amount of money you receive. For example, if you bought an asset worth $5,000 and sold it later for $25,000, you’ve made a gain of $20,000 and therefore must pay Capital Gains tax on this amount.
It is your own responsibility to file your taxes correctly in your country of residence.
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