In this guide, we'll walk you through the steps you need to take to automate your mining taxes with our tax professional partner Taxbit.
To automate the tax process for your mining revenue, you'll first have to sign up for Koinly services. You can use our referral link to receive a 10% discount.
To download your mining transaction history and upload it to the sites manually, you can do so by going to the homepage, clicking on "Revenue" and then clicking on "Download CSV" on the "Transactions" section.
Uploading Tax Information to Taxbit
To import your Luxor revenue CSV to Taxbit, first, log in to your account and navigate to the "Income" section on the homepage.
From here, you should see the "Import Income" column with BitcoinTaxes partners, and you will find Luxor in the middle of the pack (the list is alphabetized) and can upload your CSV here.
Don't feel like paying for our partners' service or just want to do your taxes yourself? That's ok too! We wrote a guide just for that reason, and it can walk you through all of the considerations you need to take into account when reporting your taxes as well as which forms you'll want to fill out.