Resources/exchanges/Preparing Your Poloniex Taxes

Preparing Your Poloniex Taxes

The first and most important step when using CryptoTaxCalculator is to import all your crypto data onto our platform. If you have just traded on Poloniex CryptoTaxCalculator can calculate your Polniex tax, otherwise, you can find out your general tax obligation and a profit and loss breakdown by token.

There are two ways to import your transactions from Poloniex, an API, or a CSV history upload.

Using an API

On Poloniex:

  1. Once logged in click on Settings in the top right corner and then navigate to the API keys page
    Poloniex API
    Poloniex API
  2. Click create new key and verify through email if needed
  3. Uncheck the enable trading option (for security purposes)
  4. Save your API and secret keys

On CryptoTaxCalculator:

  1. Once logged in navigate to the Import page
  2. Select Poloniex from the dropdown menu
    Import Your Poloniex API
    Import Your Poloniex API
  3. Enter your API and secret keys
  4. Click Import
  5. While CryptoTaxCalculator is uploading your data you can continue importing transactions from your other accounts

Using a CSV Upload

On Poloniex:

  1. Click on the Activity tab on the top of the page and navigate to the Trade Analysis page
    Poloniex Trade Analysis
    Poloniex Trade Analysis
  2. Click Export on the top right of the page
  3. From the activity type options select trades and enter the date range you have traded over
  4. Click Download

On CryptoTaxCalculator:

  1. Once logged in navigate to the Import page
  2. Select Poloniex from the dropdown menu
    Poloniex CSV import
    Poloniex CSV import
  3. Upload the file downloaded previously and click import

Wrapping Up

If you can’t import your transactions you also have the option to manually add them on the review transactions page, after this, you can view a summary report of your tax obligations, profit and loss as well as holdings over time.

The information provided on this website is general in nature and is not tax, accounting or legal advice. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this information, you should consider the appropriateness of the information having regard to your own objectives, financial situation and needs and seek professional advice. Cryptotaxcalculator disclaims all and any guarantees, undertakings and warranties, expressed or implied, and is not liable for any loss or damage whatsoever (including human or computer error, negligent or otherwise, or incidental or Consequential Loss or damage) arising out of, or in connection with, any use or reliance on the information or advice in this website. The user must accept sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information in this website is no substitute for specialist advice.

Shane Brunette

CEO

Shane Brunette founded CTC back in 2018 after dealing with his own crypto tax nightmare. He has worked closely with accountants and tax lawyers to make it easy for fellow cryptocurrency users to be tax compliant.

Recommended Reads

Calculate Your Crypto Taxes Now!

CryptoTaxCalculator does the hard work so you don’t have to.

Copyright © 2021 CryptoTaxCalculator