Koinly AMA - Ask us all things crypto tax and what the Merge means for your tax bill

Hi, I’m Tony Dhanjal (u/Tony_Koinly), a Head of Tax at Koinly. I'm part of an incredible team of people who are all about solving the headache of crypto tax.

I'm here to chat about the upcoming Ethereum Merge and what it will mean for crypto tax.

Thank you to /cryptocurrency for hosting us here today.

I’ll be answering your questions from 5pm - 6pm BST (6PM CEST, 1pm ET).

Please feel free to submit your questions in advance and we'll do our best to get to as many of them as possible.

For your questions: Please let us know where you're from when asking tax questions so we can help you with the tax implications of your country.

What is Koinly?

Koinly is a crypto tax calculator that aims to make crypto tax less taxing.

We keep track of all your crypto transactions to make calculating your crypto tax simple! Koinly offers support for over 700+ wallets and exchanges and supports over 100 countries with easy-to-use crypto tax reports.

Want to try out Koinly?

Great!

Koinly is free to use as a portfolio tracker and to get a preview of your gains/losses. The only time you need to be on a paid plan is when you need to download your full crypto tax report.

We’ve sweetened the deal with a discount code to give you a chunk off your next tax report. Once you’ve signed up and are ready to download your tax report, enter the code “CCAMA30” and you’ll get 30% off your report.

Some T&C’s for the code above:

To receive 30% off your Koinly tax report, use the coupon code at checkout at Koinly.io (Codes are case-sensitive -> All uppercase). Koinly reserves the right to end the offer at any time, the offer is available globally but can change at any time without warning. This offer cannot be used in conjunction with any other offer. Offer only valid for 14 days from Reddit AMA on 12 September 2022. Excludes Koinly CPA and B2B customers.

Accounts you should expect to hear from today:

• u/Tony_Koinly - Head of Tax at Koinly
• u/KoinlyOfficial - our official Reddit account
• u/Shaun_Koinly - one of our community managers

Stay updated after this AMA

We’re pretty active on our social platforms so that’s the best way to stay connected after this AMA:

• r/Koinly
• Twitter
• LinkedIn
• Instagram
• Facebook

We’ve also summarised everything there is to know about the Ethereum Merge’s tax implications in a guide, which you can read here.

An important disclaimer

Any information posted by or on behalf of Koinly on r/CryptoCurrency*, including but not limited to posts and comments offered by Koinly’s community managers and Head of Tax, shall not be considered as financial or tax advice, or be construed as an express or implied promise, guarantee or implication by Koinly. All expressions of opinions are subject to change without notice.*

AMA!

EDIT: Have to go! Just want to thank all of you again for being here & for sharing your thoughtful questions. Looking forward to more AMAs! A big thanks from myself and everyone at Koinly.

We'll come back periodically to answer any more questions that pop up later though!