{"id":1766,"date":"2022-02-13T21:50:42","date_gmt":"2022-02-14T05:50:42","guid":{"rendered":"https:\/\/blog.bitcoin.tax\/?p=1766"},"modified":"2022-04-27T11:26:22","modified_gmt":"2022-04-27T18:26:22","slug":"trust-wallet-taxes","status":"publish","type":"post","link":"https:\/\/bitcoin.tax\/blog\/trust-wallet-taxes\/","title":{"rendered":"The Easiest Way to Report Trust Wallet Taxes in 2022"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Over 25 million people use <a href=\"https:\/\/trustwallet.com\/\" rel=\"nofollow\">Trust Wallet<\/a> to send and store their crypto. But many of them don\u2019t know how to report their Trust Wallet taxes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Does Trust Wallet report to the IRS? Does Trust Wallet provide tax forms? And the easiest way to report your Trust Wallet taxes. These are all the questions we\u2019ll answer in this article. So stick around till the end.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What is Trust Wallet?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Founded by Viktor Radchenko in 2017, Trust wallet is known as the simplest and easiest to use crypto wallet. It supports more than 250,000 digital currencies and assets. You can store and send Bitcoins, Ethereums, other cryptocurrencies and even NFTs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Does Trust Wallet Report to the IRS?<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"1080\" height=\"1080\" src=\"https:\/\/bitcoin.tax\/blog\/wp-content\/uploads\/2022\/02\/Does-Trust-Wallet-Report-to-the-IRS.png\" alt=\"trust wallet taxes\" class=\"wp-image-1773\" srcset=\"https:\/\/bitcoin.tax\/blog\/wp-content\/uploads\/2022\/02\/Does-Trust-Wallet-Report-to-the-IRS.png 1080w, https:\/\/bitcoin.tax\/blog\/wp-content\/uploads\/2022\/02\/Does-Trust-Wallet-Report-to-the-IRS-300x300.png 300w, https:\/\/bitcoin.tax\/blog\/wp-content\/uploads\/2022\/02\/Does-Trust-Wallet-Report-to-the-IRS-1024x1024.png 1024w, https:\/\/bitcoin.tax\/blog\/wp-content\/uploads\/2022\/02\/Does-Trust-Wallet-Report-to-the-IRS-150x150.png 150w, https:\/\/bitcoin.tax\/blog\/wp-content\/uploads\/2022\/02\/Does-Trust-Wallet-Report-to-the-IRS-768x768.png 768w, https:\/\/bitcoin.tax\/blog\/wp-content\/uploads\/2022\/02\/Does-Trust-Wallet-Report-to-the-IRS-980x980.png 980w, https:\/\/bitcoin.tax\/blog\/wp-content\/uploads\/2022\/02\/Does-Trust-Wallet-Report-to-the-IRS-480x480.png 480w\" sizes=\"auto, (max-width: 1080px) 100vw, 1080px\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">There\u2019s a short answer and a long answer.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The short answer is yes, Trust Wallet does report to the IRS.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The long answer is that we don&#8217;t know how much they report to the IRS. The IRS has recently started cracking down on crypto tax dodgers. As a part of this process, they have started sending out letters and conducting more <a href=\"https:\/\/bitcoin.tax\/blog\/crypto-tax-audit\/\">crypto tax audits<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, in order for the IRS to know if you\u2019re avoiding taxes and then to track you down, they need user data.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As of now, no Trust Wallet representative has come out and officially announced that they share customer data. But considering that it\u2019s one of the most used crypto wallets in the country, they most likely do.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Does Trust Wallet Provide Tax Forms?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">No, Trust Wallet doesn\u2019t provide tax forms, and here\u2019s what else they don\u2019t provide &#8211; exporting transaction history in CSV and an end-of-year statement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While Trust Wallet doesn&#8217;t provide these features, they do allow the option to download your transaction history or integrate your account with your choice of crypto tax software that automatically calculates your taxes, and creates a tax report for you.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Reporting Trust Wallet Taxes<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"1080\" height=\"1080\" src=\"https:\/\/bitcoin.tax\/blog\/wp-content\/uploads\/2022\/02\/Reporting-Trust-Wallet-Taxes.png\" alt=\"trust wallet taxes\" class=\"wp-image-1774\" srcset=\"https:\/\/bitcoin.tax\/blog\/wp-content\/uploads\/2022\/02\/Reporting-Trust-Wallet-Taxes.png 1080w, https:\/\/bitcoin.tax\/blog\/wp-content\/uploads\/2022\/02\/Reporting-Trust-Wallet-Taxes-300x300.png 300w, https:\/\/bitcoin.tax\/blog\/wp-content\/uploads\/2022\/02\/Reporting-Trust-Wallet-Taxes-1024x1024.png 1024w, https:\/\/bitcoin.tax\/blog\/wp-content\/uploads\/2022\/02\/Reporting-Trust-Wallet-Taxes-150x150.png 150w, https:\/\/bitcoin.tax\/blog\/wp-content\/uploads\/2022\/02\/Reporting-Trust-Wallet-Taxes-768x768.png 768w, https:\/\/bitcoin.tax\/blog\/wp-content\/uploads\/2022\/02\/Reporting-Trust-Wallet-Taxes-980x980.png 980w, https:\/\/bitcoin.tax\/blog\/wp-content\/uploads\/2022\/02\/Reporting-Trust-Wallet-Taxes-480x480.png 480w\" sizes=\"auto, (max-width: 1080px) 100vw, 1080px\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">There are two ways to report your taxes &#8211;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The DIY method &#8211;<\/strong> This method involves downloading your transaction history, doing all the calculations by yourself and reporting your trust wallet taxes on your tax return.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Not only is this a painfully frustrating and time-consuming task, but it also increases your risk of making mistakes and errors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Bitcoin.Tax Method<\/strong> &#8211; This is the simplest method to report your trust wallet taxes. All you have to do is integrate your trust wallet account with Bitcoin.Tax. That\u2019s it.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The software will automatically calculate all your capital gains and income taxes with your preferred accounting method and create a tax report for you.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Not only do you save yourself a lot of time and headache but lower any chance of errors by almost zero.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Check out <a href=\"http:\/\/bitcoin.tax\">Bitcoin.Tax<\/a> for free.<br><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Don&#8217;t waste your time manually doing all your Trust Wallet taxes. Here&#8217;s the easiest way to report Trust Wallet taxes. <\/p>\n","protected":false},"author":3,"featured_media":2325,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,12],"tags":[],"class_list":["post-1766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-wallets","category-everything-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.12 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Easiest Way to Report Trust Wallet Taxes in 2022 - BitcoinTaxes<\/title>\n<meta name=\"description\" content=\"Trust Wallet does report to the IRS but doesn&#039;t provide any tax forms or the option to export transaction history in CSV. Hence, this is the easiest way to report your Trust Wallet taxes.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bitcoin.tax\/blog\/trust-wallet-taxes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Easiest Way to Report Trust Wallet Taxes in 2022\" \/>\n<meta property=\"og:description\" content=\"Trust Wallet does report to the IRS but doesn&#039;t provide any tax forms or the option to export transaction history in CSV. Hence, this is the easiest way to report your Trust Wallet taxes.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bitcoin.tax\/blog\/trust-wallet-taxes\/\" \/>\n<meta property=\"og:site_name\" content=\"BitcoinTaxes\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/bitcointaxes\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-14T05:50:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-27T18:26:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bitcoin.tax\/blog\/wp-content\/uploads\/2022\/02\/1519799511252-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1012\" \/>\n\t<meta property=\"og:image:height\" content=\"1012\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Rishi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@bitcointax\" \/>\n<meta name=\"twitter:site\" content=\"@bitcointax\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rishi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/bitcoin.tax\\\/blog\\\/trust-wallet-taxes\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/bitcoin.tax\\\/blog\\\/trust-wallet-taxes\\\/\"},\"author\":{\"name\":\"Rishi\",\"@id\":\"https:\\\/\\\/bitcoin.tax\\\/blog\\\/#\\\/schema\\\/person\\\/514b69b1296c5a66cc7f35c9a04c55b7\"},\"headline\":\"The Easiest Way to Report Trust Wallet Taxes in 2022\",\"datePublished\":\"2022-02-14T05:50:42+00:00\",\"dateModified\":\"2022-04-27T18:26:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/bitcoin.tax\\\/blog\\\/trust-wallet-taxes\\\/\"},\"wordCount\":468,\"publisher\":{\"@id\":\"https:\\\/\\\/bitcoin.tax\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/bitcoin.tax\\\/blog\\\/trust-wallet-taxes\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/bitcoin.tax\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/1519799511252-1.png\",\"articleSection\":[\"Crypto Wallets\",\"Everything Crypto\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/bitcoin.tax\\\/blog\\\/trust-wallet-taxes\\\/\",\"url\":\"https:\\\/\\\/bitcoin.tax\\\/blog\\\/trust-wallet-taxes\\\/\",\"name\":\"The Easiest Way to Report Trust Wallet Taxes in 2022 - BitcoinTaxes\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/bitcoin.tax\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/bitcoin.tax\\\/blog\\\/trust-wallet-taxes\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/bitcoin.tax\\\/blog\\\/trust-wallet-taxes\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/bitcoin.tax\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/1519799511252-1.png\",\"datePublished\":\"2022-02-14T05:50:42+00:00\",\"dateModified\":\"2022-04-27T18:26:22+00:00\",\"description\":\"Trust Wallet does report to the IRS but doesn't provide any tax forms or the option to export transaction history in CSV. 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