How To Calculate Your Exodus Wallet Taxes With Kryptoskatt

If you are using Exodus wallet, follow these steps to connect it with Kryptoskatt – auto-sync all your transactions, analyze your portfolio, and calculate your crypto taxes in minutes.

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

How To Connect Exodus Wallet With Kryptoskatt 

1. Go to kryptoskatt.com & sign up using your Google account.
2. From the menu, click on Add Wallets/Exchanges. Go to the Wallets/Exchanges page.
3. Search for Exodus or select it from the list below.
4. Now, click on the Exodus icon.
5. Click on “Connect with Exodus Wallet” for Ethereum-based assets or EVMs
6. On your Exodus wallet app, navigate to the bottom right Icon, right next to the $ icon, and tap on it.
7. You’ll be taken to the wallet settings menu screen. Select “Connect” and click on “Add Connection”
8. Scan the QR Code on Kryptoskatt and Slide to Approve the connection. 
9. Kryptoskatt will automatically read all the wallet addresses.
10. Click on “Import your Transactions”
11. For non-EVMs, click on “Add Now” and manually enter your wallet address.
12. Sit back and let Kryptoskatt synchronize with all of your wallets from Exodus.

How to download Exodus Wallet Tax Reports

1. Once synchronization finishes, head to Reports under Menu on Kryptoskatt.
2. Under summary, click on the Download Tax Report button.
3. Choose your Tax Report Type and click on download. 

How are Exodus 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 Exodus Wallet 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, BTC, ETH, SOL, etc.), you incur capital gains tax.

Essential things to keep in mind while integrating Exodus Wallet

• In your wallet, make sure you’ve selected the correct networks before integrating them.
• Do not use your private keys for integrations on Kryptoskatt.

Facing Issues While Connecting Exodus Wallet To Kryptoskatt?

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@kryptoskatt.com.