How to use MetaMask Tax Hub

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Disclaimer

MetaMask doesn't provide tax advice. This article represents our stance on guidance received to date, which may continue to evolve and change. None of this should be considered as advice or an individualized recommendation, but it's important to us that our users have relevant information available to them in the most accessible way possible. Please consult a local tax professional regarding your own tax circumstances.

What is the Tax Hub?

MetaMask has partnered with Crypto Tax Calculator to provide an embedded tax calculator in MetaMask Portfolio. You can use this tax calculator to download tax reports and learn more about your tax obligations.

How to use the Tax Hub in MetaMask Portfolio

Get started

1. Open MetaMask Portfolio. From the left-hand menu, select "Tax Hub", or visit the tab directly at this link.

2. Sign in to the Tax Hub via one of the following methods:
   • Sign in using your MetaMask wallet.
   • Sign in with your existing account details if you already have a Crypto Tax Calculator account.
   • Create a new account with Crypto Tax Calculator using your email address.

For the purposes of this guide, we will log in using MetaMask.

3. Review the pop-up window asking permission to connect MetaMask with Crypto Tax Calculator. Click "Connect".

4. Then, sign the confirmation request in your MetaMask wallet by clicking "Confirm".

5. The following screen gives you an overview of the partnership between MetaMask and Crypto Tax Calculator, as well as a special 30% discount for MetaMask users. Click "Continue" to accept and begin doing your crypto taxes.

You are now signed in to Crypto Tax Calculator and can proceed with importing your tax information.

Import your tax information

Once you've signed in, you're ready to enter your information and get a free preview of your crypto taxes.

1. Select your tax jurisdiction. Search for your country in the search bar, or click the "more" button to scroll through the full list.

2. Once you select your jurisdiction, a confirmation will open at the bottom of the screen. Click "Confirm" to proceed.

3. On the next screen, you'll see the public address from the MetaMask account you initially connected. Click "Import transactions" to import the transactions from this account. You will be able to add more accounts later.

4. Wait for your transaction data to be calculated, then click "Get the report".

5. If you have additional accounts you want to connect, you can add these here by clicking "Add accounts". Crypto Tax Calculator also suggests any accounts you may want to connect, such as deposit addresses from exchanges you have interacted with.

Add all of your wallets and accounts

To receive an accurate tax report, you must add all your wallets and accounts. This ensures an accurate cost basis for your assets and that the correct tax rules are applied to your transactions. Missing accounts or transaction data can lead to errors in reporting.

Crypto Tax Calculator has put together a guide that explains how to ensure data completeness. It includes steps you can take if data is missing due to an exchange insolvency.

Add additional MetaMask accounts

Select MetaMask from the list of options.

You have three options to add more MetaMask accounts.

1. Sync via API: Simply paste your public address into the "Enter MetaMask Wallet Address" field and give it a name in the field below.

   💡 Need help finding your address? Read our help guide here.

2. Connect MetaMask: If you have several accounts in your MetaMask, this will add them in one go.

3. Upload file: You can use this option if you want to upload a CSV file containing your MetaMask transaction history.

Review your summary and complete any outstanding tasks

You are now ready to review your data and get a tax report. For detailed instructions on how to use Crypto Tax Calculator, visit their dedicated guide.

1. First, review your data in the "Summary" tab. This will give you an overview of your portfolio.

2. Then, review the "Accuracy checks" window at the top right of the summary screen for any additional steps you need to take. This is necessary to ensure that you receive an accurate report.

3. Once these actions are completed, click on "Get tax reports" to see your tax report.

Choose a plan to view your report

Creating an account using the MetaMask Tax Hub gives you access to a free version of Crypto Tax Calculator, which is designed to give you an estimate of your tax obligations.

To receive a complete and accurate tax report that is ready to submit to your local tax office, you will need to select a paid plan.

As a MetaMask user, you automatically receive 30% off all paid plans for your first year when you sign up through the Tax Hub.

Select a plan depending on the number of transactions you require and the features you need. All plans provide unlimited integrations and annual tax reports for 100+ countries, including previous tax years.

Investor and Trader plans include features that identify several tax savings measures, including a proprietary tax minimization algorithm, multiple inventory methods, a tax loss harvesting tool, and advanced tax reports.

Download your report

You can now return to the reports section of the website and download your report for your desired tax years.

To ensure accuracy, you should complete any outstanding review tasks before you download a report.

1. Set your desired tax year or date range in the top left corner.

2. Select the reports you wish to download. These will differ depending on what country you selected as your tax jurisdiction.

3. Click "Download selected" to download your reports. You can choose to receive them as PDF or CSV files.

Your reports are now ready to use to complete your tax return.

If you still have any questions about using Crypto Tax Calculator, you can read their comprehensive Getting Started guide, or reach out to their customer support team. You can contact Crypto Tax Calculator support by clicking this icon in the bottom right window of the Tax Hub.

If your request is not urgent, then you can browse the Crypto Tax Calculator Help Center or reach out using the contact form.

After you've submitted your tax report

As a MetaMask user, you can enjoy a 30% discount on your first year with Crypto Tax Calculator, applicable to all plans. Once you've filed your taxes, there is still plenty to do with Crypto Tax Calculator.

You can monitor your portfolio's performance, review profit and loss, and keep track of your tax obligations throughout the year to help make sure you've got some funds set aside for tax time.

Depending on your plan, you may also be able to view actions you can take before the end of the tax year to help reduce your tax liability.

This includes the tax loss harvesting tool, which identifies underperforming assets you can sell to reduce your tax owed.

Make sure to check in from time to time, as new features are added frequently.

What tax reports can I get from MetaMask Tax Hub?

MetaMask Tax Hub offers a range of reports to solve your cryptocurrency tax reporting. You can download these reports in CSV or PDF formats for local review or to share with your tax professional. Where applicable, reports can also be exported in country-specific formats or integrated with popular tax software. For example, U.S. users can export reports compatible with IRS Form 8949 and TurboTax.

Refer to this guide for step-by-step instructions on accessing and downloading your crypto tax reports.

Common crypto tax reports

The embedded tax calculator provides various tax reports to assist with compliance and record-keeping. Below are some of the most commonly used reports:

Report Name	Description
Report Summary	A high-level overview of your complete trading activity, including capital gains, income, and expenses.
Capital Gains Report	Breakdown of capital gains and losses from buying, selling, and trading crypto, including short- and long-term classifications.
Income Report	Details of all crypto income sources, such as staking rewards, mining, airdrops, and interest.
Miscellaneous Expense Report	Records miscellaneous crypto-related expenses, including fees and other potentially deductible costs.
Transactions Report	A detailed ledger of all transactions.
Inventory Report	Summarizes your crypto holdings at the beginning and end of the financial year, reflecting unrealized gains/losses.
Derivative Trading Report	Summarizes margin, futures, and derivatives trading profits.
Inventory Report	Opening and closing balances, cost basis, and valuation of holdings.
Audit Transaction Report	Lists all transactions, their source and modifications recorded by users.
Outgoing Gift and Lost/Stolen Assets Report	Detailed record of every outgoing gift and lost/stolen transaction.
Start of Year Holdings Report	Summary of your holdings at the start of the year.

For country-specific report guides, visit the CTC Country-Specific Guides section.

Disclaimer

MetaMask does not provide tax advice and this article should not be viewed as such. For questions relating to your specific situation we strongly recommend speaking with a tax professional.