Guide to Tax Reporting with Divly
Coinmotion X Divly Partnership
Coinmotion has partnered with Divly to provide its customers with an easy and efficient way to report cryptocurrency taxes. Coinmotion users can upload their transaction report to Divly and receive a 20% partnership discount when reporting their virtual currency gains or losses using Divly.
You can take advantage of the offer through this link: https://divly.com/en/?ref=Coinmotion
Divly is a Nordic service that helps crypto investors easily and efficiently report their virtual currency gains and losses to the tax authorities. Divly’s tax calculator is designed according to Finnish tax regulations, making it an ideal choice for Finnish virtual currency investors. It supports, for example, the deemed acquisition cost and applies the tax regulations that were in force before May 2018 for transactions made before that date.
Please note that the partnership discount currently only applies to payments made with credit cards, and not to tax packages paid with virtual currencies.
Uploading Coinmotion transactions and activating the partnership discount in Divly
Start by downloading your transaction report from Coinmotion. You can do this on a computer by first clicking on your email address in the top right corner of your account and navigating to: Reports → Download Transaction Report.
2. Go to https://divly.com/en/ and create an account using your email and a password or alternatively using your Google account.
3. Select your preferred tax country and tax currency.
4. After setting up your account, go to the dashboard and click “Add Wallets & Exchanges”.
5. Choose Coinmotion from the list.
6. Upload the previously downloaded Coinmotion transaction report to Divly by dragging it into the blue upload box or by clicking the box to browse your device for the file.
7. After uploading the transaction report to Divly, the Coinmotion partnership discount will automatically activate on your Divly account, confirmed by the notification appearing at the top of the page.
Please note that if you make new transactions in Coinmotion after uploading the report, you will need to upload a new transaction report to update the data in Divly. Previously uploaded transactions will not duplicate.
8. Navigate to the Overview tab to see the overall status of your portfolio.
9. On the Transactions page, you can review your Coinmotion transactions in a single view. Here you can also verify that the transactions from Coinmotion have been correctly uploaded and categorized in Divly.
10. On the Tax Report page, select the desired tax year and, after checking the confirmation boxes, proceed to download the tax report.
11. On the tax report purchase page, you can choose the appropriate tax package based on your transaction volume. Divly will recommend a suitable package based on the transaction volume in your Divly account. The Coinmotion customer discount will also be visible on this page.
12. Once you complete the payment, you can download the tax report files.
13. The tax report file from Divly looks like this. You can submit it in OmaVero to report your cryptocurrency taxes.
This was a brief guide on importing Coinmotion transaction data to Divly and creating a tax report based on these transactions. You can also find more detailed guides published by Divly here: https://divly.com/en/guides/