How To Calculate Your Injective Taxes With Kryptos

Injective Protocol is a fully decentralized layer-1 blockchain platform designed for building powerful DeFi applications, enabling cross-chain derivatives trading without any restrictions. It features a high-speed, orderbook-based exchange infrastructure, supporting a variety of financial instruments with zero gas fees and complete interoperability across different blockchains.

If you use Injective(INJ), follow these steps to connect it with Kryptos – auto-sync all your transactions, analyze your portfolio, and calculate your crypto taxes in minutes. We help users with Defi Taxes and show their DeFi portfolio overview as well.

1. To start, Sign up on Kryptos here and choose your country and currency.
2. Once done, link your Injective wallet to Kryptos. 
3. View and analyze all your transactions in a single dashboard and manage your portfolio
4. Kryptos automatically categorizes all your Injective transactions into gains/losses or income.
5. Now you can relax while we calculate your Capital Gains Tax and Income Tax from Injective Blockchain.
6. Generate the Injective tax report for free and download it once everything looks good.
7. File your Injective taxes online or leverage our crypto tax accountant network to help you out.

How To Connect Injective With Kryptos 

On Injective :

1. Go to your Injective Wallet
2. We support all major Injective wallets like Keplr, Cosmostation, Exodus, Leap, Trust Wallet, and many more!
3. Copy your wallet address.

On Kryptos :

1. Go to Kryptos.io & signup using your Google account.
2. From the menu, click on Add Wallets/Exchanges. Go to the Wallets/Exchanges page.
3. Search for Injective or select it from the list below.
4. Now, click on the Injective icon.
5. Name your wallet anything you would like.
6. Paste your Injective wallet address.
7. Click on Import Your Transactions. All transactions are directly imported and tagged by default.
8. If you wish to import custom history, select Advanced Options. Now you can specify the start and end date of your transaction history.
9. Sit back and let Kryptos generate the report for you!

Note: If you wish to accurately calculate all of your Injective(INJ) capital gains taxes, make sure to add all the wallets consisting of your Injective Trading history.

We currently support Deposits, Withdrawals, Balances, Swaps, Staking & Rewards. 

We’ll be adding support for DeFi on Injective soon.

How are Injective transactions taxed?

The crypto tax laws may vary depending on the country you reside in and other factors such as your filing status, income bracket, and marital status. But, in general, there are mainly two types of taxes applicable to Injective transactions.

• Income Tax- If you are earning rewards (e.g. through lending or staking) or receiving, you may need to pay income tax.
• Capital Gains Tax- If you profit from the disposal of your crypto assets (e.g. by selling your tokens, ATOM, TIA, INJ, etc.), you incur capital gains tax.

EssenINJl things to keep in mind while integrating Injective

• In your wallet, make sure you’re copying the address from the correct network.
• Do not use your private keys for integrations on Kryptos.

Facing Issues While Connecting Injective To Kryptos?

Go to Resources and head over to the Help Centre page from the dropdown menu. Or send us your queries via the Support Desk. If a critical or urgent issue needs to be resolved, you can use our live chat option on the right side of the screen or email us at support@kryptos.io.