If you bought or sold any crypto over the past tax year, you may need to report any income you earned. Like trading stocks, any activity you take that results in gains – for example, buying and selling coins – could be considered income.
To help you prepare your tax return, we offer a document called Realized Gains and Losses. This document breaks down your adjusted book costs and your proceeds of disposition to help you report numbers on your income tax. We also offer a CSV document called Crypto Transaction Summary that is available to you for your records.
Keep in mind there is no official tax slip offered for crypto, so make sure to double-check these numbers before filing or visiting your tax professional.
Get your crypto gains and losses report
Access your Realized Gains and Losses report by following the steps below -
- Sign into the Wealthsimple app on your mobile device.
- Tap the Profile icon
in the top right corner.
- Tap the gear icon in the top right corner.
- Select the Accounts menu item.
- Choose your Crypto account.
- Select Tax Documents.
- Log in to your Wealthsimple account.
- Select the Profile icon
in the top right corner.
- Choose Documents from the menu.
- Under Filters, open the Account menu and select your Crypto account.
- Open the Document type menu and select Crypto Realized Gain Loss Report.
- View your report on the left side of the screen.
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