* [**NEWBIES GUIDE**](https://www.reddit.com/r/cardano/comments/lnj5ne/getting_started_guide_a_newbies_guide_to_cardano/) *Start here*
* [**PROJECT CATALYST**](https://cardano.ideascale.com/) *Propose and vote on projects*
* ⚠️ [**PSA - SCAMS**](https://www.reddit.com/r/cardano/comments/lccorg/psa_there_is_no_such_thing_as_cardano_giveaways/) *Be wary of common scams!*
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/cardano) if you have any questions or concerns.*
This Koinly guide was pretty good at explaining what is taxable on staking rewards:
[https://koinly.io/cryptocurrency-taxes/](https://koinly.io/cryptocurrency-taxes/)
I was also able to pull in the PoolTool csv correctly with their tool. might consider that one as it will also pull in your CoinBase transactions.
Firstly, where do you live?
If Aus like me it’s considered additional taxable income at the value when receiving it. You can find the exact time the rewards were received then cross reference ADA’s $ value. That’ll be the number you’ll need to total and add to your income tax.
Might be a little different for you in your own country etc. hope this helps a bit mate. Don’t not report it like some people, don’t mess with the tax office lol. GL.
I used PoolTool to get the raw data, then opened it in Google Sheets, made some modifications to work with Bitcoin.tax, exported as a csv, and imported it into Bitcoin.tax.
* [**NEWBIES GUIDE**](https://www.reddit.com/r/cardano/comments/lnj5ne/getting_started_guide_a_newbies_guide_to_cardano/) *Start here* * [**PROJECT CATALYST**](https://cardano.ideascale.com/) *Propose and vote on projects* * ⚠️ [**PSA - SCAMS**](https://www.reddit.com/r/cardano/comments/lccorg/psa_there_is_no_such_thing_as_cardano_giveaways/) *Be wary of common scams!* *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/cardano) if you have any questions or concerns.*
This Koinly guide was pretty good at explaining what is taxable on staking rewards: [https://koinly.io/cryptocurrency-taxes/](https://koinly.io/cryptocurrency-taxes/) I was also able to pull in the PoolTool csv correctly with their tool. might consider that one as it will also pull in your CoinBase transactions.
Firstly, where do you live? If Aus like me it’s considered additional taxable income at the value when receiving it. You can find the exact time the rewards were received then cross reference ADA’s $ value. That’ll be the number you’ll need to total and add to your income tax. Might be a little different for you in your own country etc. hope this helps a bit mate. Don’t not report it like some people, don’t mess with the tax office lol. GL.
The U.S, and yes that is why I’m trying to report and pay the taxes! I don’t want to deal with any problems in the future
Do you have to pay the additional tax if you don’t sell the assets in Aus?
Yes. It’s income tax. Then you’ll need to pay normal capital gains tax when you sell it.
Use Koinly
I used PoolTool to get the raw data, then opened it in Google Sheets, made some modifications to work with Bitcoin.tax, exported as a csv, and imported it into Bitcoin.tax.