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How to Report Your CoinJar Taxes

Coinpanda integrates directly with CoinJar to simplify your tax reporting. Learn how to calculate your taxes and generate all required tax documents for CoinJar quickly.

API Import
CSV File Upload
Connect to CoinJar

Supported transactions

To calculate your taxes accurately, you must import all transactions from CoinJar to Coinpanda. Coinpanda supports the following transactions from CoinJar today:

Tx TypeAPI importCSV file upload
Depositscheck solid greencheck solid green
Withdrawalscheck solid greencheck solid green
Tradescheck solid greencheck solid green
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How to connect CoinJar 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 CoinJar account to Coinpanda with API:

  1. Create a new Coinjar wallet on Coinpanda and click ‘Auto-sync data’
  2. Click ‘Connect with CoinJar’
  3. You will now be taken to CoinJar.com to authorize the connection
  4. If prompted, log in to your CoinJar account
  5. Click ‘Authorize’
  6. Wait for all transactions to be automatically synced to your account

How to connect CoinJar with CSV

Follow these steps to export your transactions from CoinJar:

  1. Select ‘Settings’ in the top header
    (https://app.coinjar.com/more)
  2. Click on ‘Reports & statements’ on the left side
  3. Select ‘Transaction history statements’.
  4. Click on ‘Account statement (CSV)’ and select a time period
  5. Click ‘Export CSV report’
  6. Upload the CSV files to Coinpanda

How are CoinJar transactions taxed?

The exact tax implications on CoinJar 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 on CoinJar.

  • 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 on CoinJar, such as staking, interest, bonuses, and referral rewards, is typically seen as taxable income from a tax perspective and must be reported in your tax return.

To learn more about how CoinJar transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.

How do I file my CoinJar taxes?

First, you must calculate capital gains and income from all taxable transactions on CoinJar. 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 on CoinJar. 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 CoinJar 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 CoinJar taxes

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How do I troubleshoot the imported CoinJar transactions to Coinpanda?

While we strive every day to ensure the highest possible accuracy for importing transactions from CoinJar 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 CoinJar API
  • Updated CSV file format
  • CoinJar 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 CoinJar with the transactions imported into your Coinpanda account. See also our help article with an overview of known exchange API limitations.

The quickest way to get help from our dedicated support team is to send a message in the Live Chat.

Start Live Chat!

Other options for contacting support:

01
Forum

Find answers in our community forum

02
Email

Create a support ticket by email

03
Twitter / X

Ask or send us a message on Twitter

04
Discord

Chat with our support team on Discord

Frequently asked questions

Does CoinJar provide tax documents?

No, CoinJar does not provide complete and ready-to-file tax documents. This is because CoinJar does not have knowledge of your transactions on other exchanges, platforms, or from your self-custody wallets.

How do I get CoinJar tax documents?

The easiest way to get tax documents and reports is to connect your CoinJar account with Coinpanda which will automatically import your transactions. After that, you can download complete tax reports for CoinJar.

Does CoinJar provide financial or end-of-year statements?

No, CoinJar 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 on CoinJar?

Yes, all transactions on CoinJar involving the disposal of a crypto asset are in most cases taxable. You must also pay income tax on earned crypto such as staking, interest, or referral rewards.

Is transferring to CoinJar taxable?

No, transferring cryptocurrency to CoinJar is not taxed as long as you transfer between your personal wallets or exchange accounts.

How do I avoid paying taxes on CoinJar?

It is impossible to avoid paying taxes completely on CoinJar 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.

Can CoinJar calculate my taxes?

CoinJar cannot calculate your taxes since it does not have knowledge of your transactions made on other exchanges or platforms. However, if you have only interacted with crypto on CoinJar your entire life, it could technically do so.

Is CoinJar safe?

CoinJar is generally considered to be a safe exchange. Although CoinJar follows industry best practices for safety and to prevent malicious attacks, there is always a risk associated with keeping your crypto on centralized third-party exchanges including CoinJar.

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