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How to Report Your LATOKEN Taxes

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

API Import
CSV File Upload
Connect to LATOKEN

Supported transactions

To calculate your taxes accurately, you must import all transactions from LATOKEN to Coinpanda. Coinpanda supports the following transactions from LATOKEN 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 LATOKEN 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 LATOKEN account to Coinpanda with API:

  1. Click the user icon in the top right corner and then ‘API Keys’
    (https://latoken.com/account/apikeys)
  2. Click ‘Create API key’
  3. Make sure that ‘Read only’ is selected and click ‘Create API Key’
  4. Copy the Public key and Private key to Coinpanda

There are unknown limitations with the API from LATOKEN, which can result in not all transactions being imported. If not all transactions are imported, we recommend uploading CSV files instead.

How to connect LATOKEN with CSV

Follow these steps to export your transactions from LATOKEN:

  1. Click the wallet icon in the header menu
    (https://latoken.com/wallet/total/assets)
  2. Select the ‘Transactions’ tab
  3. Uncheck ‘Internal transfer’ and click ‘Dowload CSV’
  4. Choose a date range and click ‘Download’
  5. Go to the ‘Trades’ tab and repeat the previous steps
  6. Upload the CSV files to Coinpanda.

How are LATOKEN transactions taxed?

The exact tax implications on LATOKEN 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 LATOKEN.

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

How do I file my LATOKEN taxes?

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

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How do I troubleshoot the imported LATOKEN transactions to Coinpanda?

While we strive every day to ensure the highest possible accuracy for importing transactions from LATOKEN 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 LATOKEN API
  • Updated CSV file format
  • LATOKEN 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 LATOKEN 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 LATOKEN provide tax documents?

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

How do I get LATOKEN tax documents?

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

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

No, LATOKEN 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 LATOKEN?

Yes, all transactions on LATOKEN 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 LATOKEN taxable?

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

How do I avoid paying taxes on LATOKEN?

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

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

Is LATOKEN safe?

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

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