How to Report Your Infinity Wallet Taxes

What is Infinity Wallet?

Infinity Wallet is a multi-chain crypto wallet for desktop, available on Windows, Mac, and Linux. It lets users manage tokens across supported networks, connect to dapps and DeFi platforms, and handle NFTs in the same app. It also includes built-in token swaps, so transactions can involve more than simple sends and receives. For tax reporting, Infinity Wallet users may need a clear record of their transfers, swaps, staking rewards, and NFT transactions; this guide shows how to do that with Coinpanda.

How to do your Infinity Wallet taxes

You can easily report your Infinity Wallet taxes by connecting Infinity Wallet to Coinpanda using the API or by uploading a CSV file. Coinpanda automatically imports your transactions, calculates your capital gains and income, and generates ready-to-file tax reports for Infinity Wallet.

How are Infinity Wallet transactions taxed?

The exact tax implications on Infinity Wallet 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 Infinity Wallet.

• 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, in most cases, offset other gains.
• Income tax: Earned cryptocurrency using Infinity Wallet, such as staking, interest, and airdrops, is typically seen as taxable income from a tax perspective and must be reported on your tax return.

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

How do I file my Infinity Wallet taxes?

First, you must calculate capital gains and income from all taxable transactions from Infinity Wallet. 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 Infinity Wallet. 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 Infinity Wallet 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 2026, but you can also get help from a professional tax accountant to file taxes for you.

How do I troubleshoot the imported Infinity Wallet transactions to Coinpanda?

While we strive every day to ensure the highest possible accuracy when importing transactions from Infinity Wallet to Coinpanda, it may happen that not all transactions are imported or that some data is imported incorrectly. Some reasons for this can be:

• Changes in the Infinity Wallet API
• Updated CSV file format
• Infinity Wallet 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.

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