Coinpanda integrates directly with P2PB2B to simplify your tax reporting. Learn how to calculate your taxes and generate all required tax documents for P2PB2B quickly.
If you have been trading, staking, or earning crypto on P2PB2B, you must also calculate your taxes for all transactions. Coinpanda makes calculating crypto tax for P2PB2B quick and easy by following these steps:
Create a free account and connect P2PB2B to Coinpanda safely and securely
Next, Coinpanda will import all your trades, deposits, withdrawals, and rewards from P2PB2B
Wait for Coinpanda to automatically calculate capital gains and income for your P2PB2B transactions
Download your P2PB2B tax report
File your P2PB2B taxes before the deadline
Supported transactions
To calculate your taxes accurately, you must import all transactions from P2PB2B to Coinpanda. Coinpanda supports the following transactions from P2PB2B today:
Tx Type
API import
CSV file upload
Deposits
Withdrawals
Trades
RECOMMENDED
How to connect P2PB2B 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 P2PB2B account to Coinpanda with API:
Export CSV files of your deposits, withdrawals, and trade history
Upload the CSV files to Coinpanda
If you cannot export CSV files with your transaction history from P2PB2B, try contacting P2PB2B customer support and request a complete export for tax purposes.
How are P2PB2B transactions taxed?
The exact tax implications on P2PB2B 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 P2PB2B.
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 P2PB2B, 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 P2PB2B transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.
How do I file my P2PB2B taxes?
First, you must calculate capital gains and income from all taxable transactions on P2PB2B. 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 P2PB2B. 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 P2PB2B 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.
How do I troubleshoot the imported P2PB2B transactions to Coinpanda?
While we strive every day to ensure the highest possible accuracy for importing transactions from P2PB2B 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 P2PB2B API
Updated CSV file format
P2PB2B 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 P2PB2B 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.
No, P2PB2B does not provide complete and ready-to-file tax documents. This is because P2PB2B does not have knowledge of your transactions on other exchanges, platforms, or from your self-custody wallets.
How do I get P2PB2B tax documents?
The easiest way to get tax documents and reports is to connect your P2PB2B account with Coinpanda which will automatically import your transactions. After that, you can download complete tax reports for P2PB2B.
Does P2PB2B provide financial or end-of-year statements?
No, P2PB2B 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 P2PB2B?
Yes, all transactions on P2PB2B 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 P2PB2B taxable?
No, transferring cryptocurrency to P2PB2B is not taxed as long as you transfer between your personal wallets or exchange accounts.
How do I avoid paying taxes on P2PB2B?
It is impossible to avoid paying taxes completely on P2PB2B 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 P2PB2B calculate my taxes?
P2PB2B 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 P2PB2B your entire life, it could technically do so.
Is P2PB2B safe?
P2PB2B is generally considered to be a safe exchange. Although P2PB2B 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 P2PB2B.
