{"id":78019,"date":"2023-04-28T14:56:33","date_gmt":"2023-04-28T11:56:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78019"},"modified":"2025-09-11T02:31:12","modified_gmt":"2025-09-10T23:31:12","slug":"koinly-to-help-revolut-with-crypto-tax-reporting","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/koinly-to-help-revolut-with-crypto-tax-reporting\/","title":{"rendered":"Koinly to Help Revolut With Crypto Tax Reporting"},"content":{"rendered":"<p>Revolut and the provider of automated tax-reporting solutions, Koinly, have agreed to integrate the latter into the fintech company&#8217;s range of services.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">So, what\u2019s <a href=\\\"https:\/\/twitter.com\/koinly?ref_src=twsrc%5Etfw\\\">@koinly<\/a>? Koinly reports are designed to make filing your crypto taxes a breeze. By signing up through the app, you can get up to 60% off on your next tax report. Read more on our blog here <a href=\\\"https:\/\/t.co\/8ouy9Txrxf\\\">https:\/\/t.co\/8ouy9Txrxf<\/a><\/p>\n<p>Read our full T&amp;Cs here <a href=\\\"https:\/\/t.co\/uUatAtUC0N\\\">https:\/\/t.co\/uUatAtUC0N<\/a><\/p>\n<p>\u2014 Revolut (@RevolutApp) <a href=\\\"https:\/\/twitter.com\/RevolutApp\/status\/1651617209649704961?ref_src=twsrc%5Etfw\\\">April 27, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n\\n<\/p>\n<p>After subscribing to the Koinly solution, the app automatically synchronizes crypto transactions for the necessary calculations.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>After registering, new clients of the service can expect a discount of up to 60%.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>The initiative was rolled out ahead of the United States tax-filing deadline at the end of April 2023. The fintech company warned of legal responsibility in the event that users fail to fulfil their obligations to the state.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Koinly generates the corresponding reports but does not transmit information to authorities.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>In March 2023, The Wall Street Journal reported on President Joe Biden&#8217;s plans for the 2024 fiscal year to raise<a href=\"https:\/\/forklog.com\/en\/news\/media-biden-proposes-to-raise-24bn-in-taxes-from-crypto-investors\"> $24 billion in taxes<\/a> from crypto investors.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>In September 2022 it became known that the <span data-descr=\\\"Internal Revenue Service\\\" class=\\\"old_tooltip\\\">IRS<\/span> <a href=\"https:\/\/forklog.com\/en\/news\/tax-evading-crypto-investors-in-the-united-states-come-under-irs-scrutiny\">will issue invitations<\/a> to appear before the agency for digital-asset users who do not report their income. This will be possible after a court order.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Earlier, the U.S. Treasury issued updated guidance on taxation that clarifies the status of NFTs.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Divly analysts estimated that 0.53% of crypto investors paid taxes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fintech Revolut and the provider of automated tax-reporting solutions, Koinly, agreed to integrate the latter into Revolut&#8217;s range of fintech services.<\/p>\n","protected":false},"author":1,"featured_media":78020,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1396,558],"class_list":["post-78019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-revolut","tag-taxes"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=78019"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78019\/revisions"}],"predecessor-version":[{"id":78021,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78019\/revisions\/78021"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/78020"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=78019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=78019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=78019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}