Search for Uphold or select it from the list below.
Now, click on the Uphold icon.
Choose Upload CSV.
Click on Import Your Transactions. All transactions are imported and tagged by default.
If you wish to import custom history, select Advanced Options. Now you can specify the start and end date of your transaction history.
How to download Uphold Tax Reports
Once synchronization finishes, head to Reports under Menu on Kryptos.
Under summary, click on the Download Tax Report button.
Choose your Tax Report Type and click on download.
How are Uphold 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 Uphold 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, BAT, HBAR, etc.), you incur capital gains tax.
Essential things to keep in mind while integrating Uphold
Make sure to upload the complete wallet history to avoid errors in tax and capital gains calculations.
Facing Issues While Connecting Uphold 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 email@example.com.
Ready To Experience A Stress-Free Crypto Tax Journey?
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