Coinpanda integrates directly with Skale to simplify your tax reporting. Learn how to calculate your taxes and generate all required tax documents for Skale quickly.
Have you invested in Skale and made transactions from your wallet? If yes, you may need to calculate and report taxes for all your Skale transactions. Coinpanda can help you with calculating crypto tax for Skale by following these steps:
Create a free account and add your Skale addresses to Coinpanda safely and securely
Next, Coinpanda will import all your transactions from Skale
Wait for Coinpanda to calculate capital gains for your Skale transactions automatically
Download your Skale tax report
File your Skale taxes before the deadline
Supported transactions
To calculate your taxes accurately, you must import all transactions from Skale to Coinpanda. Coinpanda supports the following transactions from Skale today:
Tx Type
API import
CSV file upload
Deposits and withdrawals
Token swaps
Liquidity mining
Everything DeFi
NFTs
Bridged assets
Failed transactions
Smart contract executions
RECOMMENDED
How to connect Skale 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.
Coinpanda will automatically sync all transactions from a Skale public address you add. You will most likely find your public address after logging in to your Skale wallet. Next, copy and paste the address into Coinpanda, and all transactions will be imported automatically!
Not sure how to find the public address of your wallet? We have written instruction articles for the most popular cryptocurrency wallets used today on our integration pages.
Remember that you must add all your wallet addresses to Coinpanda for your tax calculations to be accurate. This also includes wallet addresses you are not actively using anymore.
Due to the complexity of ETH and other EVM chains, we update the API integration for Skale every week. If you suspect one or more transactions were previously not imported correctly, we recommend deleting and reimporting all transactions, which should normally fix the issue.
If you still see a transaction not imported correctly, please reach out to us so that we can look into it. We can usually fix any import errors within a few days.
How to connect Skale with CSV
Follow these steps to export your transactions from Skale:
Unfortunately, Skale does not allow exporting your transaction history as a CSV file. Because of this, the best solution is to import using API in most cases. If you still want to use file upload, you can try exporting a CSV file from any block explorer instead.
You can also add transactions by uploading the Coinpanda generic file. We support both XLSX and CSV formats. Please follow the steps described in this guide.
How are Skale transactions taxed?
The exact tax implications on Skale transactions depend on which country you live in and the type of transactions you have made. However, in most countries, you must generally pay capital gains tax on all Skale transactions except transfers between your own wallets.
To learn more about how Skale transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.
How do I file my Skale taxes?
First, you must calculate capital gains from all taxable Skale transactions. When this information is ready, you have everything you need to report capital gains in your annual tax return. However, the actual procedure for reporting crypto tax in the tax return might vary from country to country.
To calculate your capital gains, you must first export a complete history of all transactions made on the Skale blockchain. 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 Skale tax statements from Coinpanda, the last step is to report the capital gains 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 Skale transactions to Coinpanda?
While we strive every day to ensure the highest possible accuracy for importing transactions from Skale 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 Skale API
Updated CSV file format
The Skale API 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 Skale block explorer with the transactions imported into your Coinpanda account. See also our help article with an overview of known blockchain API limitations.
The quickest way to get help from our dedicated support team is to send a message in the Live Chat.
The easiest way to get tax documents and reports is to connect your Skale account with Coinpanda which will automatically import your transactions. After that, you can download complete tax reports for Skale.
Do I have to pay taxes for Skale?
Yes, all transactions on Skale involving the disposal of a crypto asset are in most cases taxable. You must also pay income tax on earned crypto such as staking, airdrops, or interest rewards.
Is sending Skale taxable?
No, sending Skale is not taxed as long as you transfer between your personal wallets or exchange accounts.
How do I avoid paying taxes for Skale?
It is impossible to avoid paying taxes completely for Skale 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.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site.
Functional
Always active
These cookies are essential for the proper functioning of the website and cannot be disabled.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Analytics
These cookies collect information about how you use our website. All of the data is anonymized and cannot be used to identify you.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
