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How to Report Your eToro Taxes

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

CSV File Upload
Connect to eToro

Supported transactions

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

Tx TypeAPI importCSV file upload
Depositsxmark solid redcheck solid green
Withdrawalsxmark solid redcheck solid green
Tradesxmark solid redcheck solid green

How to connect eToro with API

eToro does not support API connection at the moment. Please upload a CSV file with your transactions instead.

How to connect eToro with CSV

Follow these steps to export your transactions from eToro:

  1. Log in to your eToro account and navigate to ‘Portfolio’
    (https://www.etoro.com/portfolio)
  2. Select ‘History’ in the top menu by clicking on ‘My Portfolio’
  3. Click on the Settings icon (top-right corner) and then ‘Account Statement’
  4. Select your time frame, then click ‘Create’
  5. While on the ‘Summary’ page, click the XLS icon to download the file
  6. Upload the XLSX file to Coinpanda

NB! You must include ALL years of trading on eToro when selecting the time frame. It’s also important that you export the complete Excel file on the Summary page.

We have written an in-depth article about how Coinpanda handles eToro files for tax calculations which we encourage you to read: Guide: How to Report Crypto Taxes on eToro

eToro might export a different file format than what we support today depending on your settings like country and language. If your file does not import, please send an email to us (including the file) to [email protected] so that we can check if you can still upload the file.

How are eToro transactions taxed?

The exact tax implications on eToro 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 eToro.

  • 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 eToro, 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 eToro transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.

How do I file my eToro taxes?

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

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How do I troubleshoot the imported eToro transactions to Coinpanda?

While we strive every day to ensure the highest possible accuracy for importing transactions from eToro 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 eToro API
  • Updated CSV file format
  • eToro 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 eToro 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.

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 eToro provide tax documents?

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

How do I get eToro tax documents?

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

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

No, eToro 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 eToro?

Yes, all transactions on eToro 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 eToro taxable?

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

How do I avoid paying taxes on eToro?

It is impossible to avoid paying taxes completely on eToro 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 eToro calculate my taxes?

eToro 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 eToro your entire life, it could technically do so.

Is eToro safe?

eToro is generally considered to be a safe exchange. Although eToro 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 eToro.

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