How to Report Your Thorchain Taxes
Coinpanda has direct integration with Thorchain 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 Thorchain
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!
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!
Not all RUNE transactions (incl. fees) can be imported from API. Please check and verify all transactions imported after the API sync has been completed. We will look into updating the integration in the future when possible.
The Thorchain API is very unstable during some periods and you might see the error “0 new transactions imported“. If this happens, please try to sync the wallet again a few hours later or the next day. Unfortunately, this is completely out of our control, but we hope that Thorchain devs will fix their API issues in the future.
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.