Coinpanda integrates directly with AdaLite to simplify your tax reporting. Learn how to calculate your taxes and generate all required tax documents for AdaLite quickly.
Have you been receiving, sending, or holding crypto on AdaLite? If yes, you may also need to calculate and report taxes for the transactions. Coinpanda can help you with calculating crypto tax for AdaLite by following these steps:
Create a free account and add your AdaLite addresses to Coinpanda safely and securely
Next, Coinpanda will import all your transactions from AdaLite
Wait for Coinpanda to calculate capital gains for your AdaLite transactions automatically
Download your AdaLite tax report
File your AdaLite taxes before the deadline
Supported transactions
To calculate your taxes accurately, you must import all transactions from AdaLite to Coinpanda. Coinpanda supports the following transactions from AdaLite today:
Tx Type
API import
CSV file upload
Deposits and withdrawals
Trades and swaps
Cardano tokens incl. NFTs
Staking rewards
All public key formats
RECOMMENDED
How to connect AdaLite with API
We are only requesting view permissions. This does not give us access to your private keys or the ability to move your funds.
Follow these steps to add your AdaLite account to Coinpanda with API:
Log in to your AdaLite wallet
Select ‘Advanced’ in the top menu
Copy the ‘Shelley extended public key’
Add the address to Coinpanda
December 23, 2022 We have just released a brand new Cardano API integration with support for staking rewards, NFTs, and tokens to mention a few. This means you will need to reimport all transactions if you have synced your wallet with API before this date.
We strongly recommend reading the blog article about Cardano taxes explaining everything you need to know about getting your Cardano taxes as accurately as possible: https://coinpanda.io/blog/cardano-taxes/
How to connect AdaLite with CSV
Follow these steps to export your transactions from AdaLite:
Log in to your AdaLite wallet
Select ‘Send’ from the top menu
Click on ‘Export to CSV’ next to Transaction History
Upload the CSV file to Coinpanda
How are AdaLite transactions taxed?
The exact tax implications on AdaLite transactions depend on which country you live in and the type of transactions you have made. In general, you must pay either capital gains tax or income tax on your cryptocurrency transactions using AdaLite.
Capital gains tax: Whenever you sell a cryptocurrency for more than you purchased it for, you generate a capital gain. On the other hand, if you sell the cryptocurrency for less than you paid initially, you have a capital loss, which can offset other gains in most cases.
Income tax: Earned cryptocurrency using AdaLite, such as staking, interest, and airdrops, is typically seen as taxable income from a tax perspective and must be reported in your tax return.
To learn more about how AdaLite transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.
How do I file my AdaLite taxes?
First, you must calculate capital gains and income from all taxable transactions from AdaLite. When you have this information ready, you can report capital gains and income together with other forms of income such as employment and dividends in your annual tax return.
To calculate your capital gains, you must first export a complete history of all transactions made using AdaLite. Once you have this data, you can calculate your capital gains or losses by determining the price at which you bought the cryptocurrency (your cost basis) and the price at which you sold it (your proceeds). Luckily, Coinpanda can help you with this and generate ready-to-file tax forms quickly and easily.
After downloading your AdaLite tax statements from Coinpanda, the last step is to report the capital gains and income on your tax return before the deadline. Most countries allow you to self-declare taxes online in 2023, but you can also get help from a professional tax accountant to file taxes for you.
Calculate your AdaLite taxes
Sign up free today to calculate your AdaLite taxes
How do I troubleshoot the imported AdaLite transactions to Coinpanda?
While we strive every day to ensure the highest possible accuracy for importing transactions from AdaLite to Coinpanda, it can happen that either not all transactions are imported or that some data is imported incorrectly. Some reasons for this can be:
Changes in the AdaLite API
Updated CSV file format
AdaLite does not provide a complete record of all transactions
To get the best help from Coinpanda support, you must first identify which transactions are missing or incorrectly imported. To do this, we recommend comparing your transaction history on any block explorer with the transactions imported into your Coinpanda account. See also our help article with an overview of known wallet API limitations.
The quickest way to get help from our dedicated support team is to send a message in the Live Chat.
No, AdaLite does not provide complete and ready-to-file tax documents. This is because AdaLite does not have knowledge of your transactions on other exchanges, platforms, or self-custody wallets.
How do I get AdaLite tax documents?
The easiest way to get tax documents and reports is to connect AdaLite with Coinpanda which will automatically import your transactions. After that, you can download complete tax reports for AdaLite.
Does AdaLite provide financial or end-of-year statements?
No, AdaLite does not provide a complete financial or end-of-year statement for your crypto transactions. However, you can get this using a crypto tax calculator.
Do I have to pay taxes for using AdaLite?
Yes, all transactions using AdaLite involving the disposal of a crypto asset are in most cases taxable. You must also pay income tax on earned crypto such as staking, airdrops, or interest.
Is transferring to AdaLite taxable?
No, transferring cryptocurrency to AdaLite is not taxed as long as you transfer between your personal wallets or exchange accounts.
How do I avoid paying taxes on AdaLite?
It is impossible to avoid paying taxes completely for AdaLite legally if you live in a country that taxes cryptocurrency. However, there are several ways you can reduce your taxes, such as tax loss harvesting.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site.
Functional
Always active
These cookies are essential for the proper functioning of the website and cannot be disabled.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Analytics
These cookies collect information about how you use our website. All of the data is anonymized and cannot be used to identify you.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
