Koinly integrates AZERO for convenient tax reporting

Koinly has finalized the integration with Aleph Zero’s native coin, AZERO, for 1M+ users of its crypto tax management platform. Here’s how Koinly can assist you in rapidly and conveniently managing your crypto tax reporting.

Available in over 100 countries and trusted by 1.3 million users, Koinly is one of the industry leaders in tax reporting software. The platform automatically synchronizes data from all connected sources – exchanges, wallets, and blockchain addresses – and imports all your transactions (including exact times and market prices). 

How to use Koinly: importing your trades, previewing your capital gains, and downloading your tax documents

Koinly not only calculates your cryptocurrency taxes – but helps you reduce your taxes for the following year by projecting capital gains before making purchases. After downloading, Koinly enables you to import all your trades easily, preview your capital gains (before purchasing), and download your tax documents conveniently.

Firstly, you add your exchange accounts via API or CSV files and input the public addresses of your on-chain wallets. Koinly can integrate all DEXes and CEXes and track every trading tool used – from spot to margin trades and futures. It utilizes AI and smart transfer matching to detect transfers between your wallets and keep track of your original costs.

Secondly, you can preview your profit/loss for any tax year, before you upgrade to any paid plan on Koinly. You can also track your entire portfolio and view your total holdings, ROI, and growth over time through a comprehensive dashboard. You can always see all your realized and unrealized capital gains.

Lastly, it’s a matter of simply downloading your tax documents. Whether you are filing yourself, using specific tax software, or working directly with an accountant, Koinly can generate crypto tax reports for the supported jurisdictions.

Syncing your AZERO data to Koinly

When it comes to integrating your AZERO data within Koinly, you can follow these simple steps:

1. Open your Aleph Zero (AZERO) wallet app
2. Locate and copy your public address

Next, move over to Koinly and do the following:

1. Create a Koinly account;
2. Complete onboarding until you get to the Wallets page and find Aleph Zero (AZERO) within the list;
3. Select API and then paste your public address/key copied above into the appropriate box;
4. Hit Import and wait for Koinly to sync your data – this can take a few minutes;
5. Review your transactions on the Transactions page to ensure everything is tagged correctly – and that no data is missing;
6. Go to the Tax Reports page to view your tax liability. If you’d like to use one of the official forms, you’ll have to upgrade your Free plan.

Tax season is coming – Get yours done quickly and easily 

In line with our own goals of building a secure, compliant, and interoperable ecosystem, we’re very pleased to have AZERO integrated into an agile tax solution like Koinly, with such an extensive offering of digital assets and exchanges. We encourage our community members to give them a try. Tax season is upon us – so get yours done early!