How to Report Your Polkadot Taxes
Coinpanda has direct integration with Polkadot to simplify tracking your trades and tax reporting. Calculate your taxes and generate all required tax reports and forms easily.
Prepare your tax forms for Polkadot
There are a few ways you can import your transactions to Coinpanda:
- API import: Connect your account directly using your public address. This is the simplest way to synchronize all your trades, deposits, and withdrawals automatically. Simply follow the steps below to get your public address and your tax forms will be ready shortly.
- File upload: You can also upload a CSV/Excel file instead of connecting your account with public address by following the steps explained below.
- Add manual: The last option is to manually add transactions one by one from the Transactions page. This is only recommended if you have very few transactions.
Remember also to tag your transactions if you have received airdrops, forks or staking rewards!
Supported transaction types
It is important that you import all transactions from Polkadot to Coinpanda to calculate your taxes accurately. Coinpanda supports the following transaction types from Polkadot today:
|Tx Type||API import||CSV file upload|
Import trades automatically with API
We are only requesting view permissions. This does not give us access to your private keys nor the ability to move your funds.
Coinpanda will automatically sync all transactions from a public address you add. In most cases, you will find your public address after logging in to your wallet. All you have to do is simply copy and paste the address into Coinpanda, and all transactions will be imported automatically!
November 25th, 2021 – Important message
We have recently completed a major upgrade to the Polkadot API integration. Because of these major changes, we highly recommend reimporting all transactions if you have synced your Polkadot wallet prior to this date.
Coinpanda can only import token transfers and staking rewards at the moment. Other transactions like tipping, voting, and contract calls must be added manually for now. If your Polkadot balance calculated by Coinpanda does not match your actual wallet balance, it means that one or more transactions have not been imported. You can verify this using the Subscan block explorer.
Upload a XLSX/CSV file to Coinpanda
You can also add transactions by uploading a generic Excel file. We support both XLSX and CSV formats. Please follow the steps described in this guide.