Etoro & Taxes(Bonus)
A quick guide for how to get the information you need on Etoro to do your taxes
Hello Everyone,
This is a bonus content article, content that isn’t scheduled on the about page which I will supply as needed. Within this article, I am going to cover how you can get your tax information from the Etoro site in order to do your taxes for 2021
How to get your tax forms from the Etoro site
Options for filing the information
How to get your tax forms from the Etoro site
Sign in to your etoro account
Go to this URL: https://www.etoro.com/portfolio
Click on the button with the red box around it in the picture
The page will then change to the below, you will then click the button highlighted in red again
Next click the “Account Statement” button
Select the “Last Year“ option
Then click “Create”
You have now generated your Etoro Account Statement for the year of 2021 (assuming it’s currently 2022). You can provide this summary to your accountant or tax software. If you would like the raw data of your transactions Etoro provides it in the top right via the “xls“ & “PDF“ icons
Options for filing the information
In terms of using this information to file your taxes, you can use software (Crypto specific) that Etoro previously sent out to users in an email last year (featured below)
This is a link to a webpage version of this email: LINK
I haven’t used these software’s prior so I can’t vouch for or against them but as they were sent out by Etoro I am working under the assumption they are compatible with their raw data (Would recommend checking with Etoro support/the sites help area before paying for there services in case this has changed). Etoro also provided this article on taxes which has the discount links + more crypto tax info LINK. I would like to note that the discount codes have likely expired.
Another option (the one I take) for filing is to work with a tax professional, provide them your tax info and pay them to process it. One issue with this approach is that not all tax professionals will be comfortable with Crypto tax data or with Etoro’s tax data format. Due to this, I checked with the tax professional I work with(who has done my taxes, crypto taxes, & Etoro specific taxes) & he said he would be happy to take on clients with crypto tax needs. His information is as follows:
His contact information & location:
David Lowry, EA
13 Fairfield Ave STE 206
Little Falls NJ 07424
www.davidlowrytaxservice.comHe is comfortable handling general taxes, any 1099-s related to crypto transactions, Crypto Sale transaction information for sites like ETORO, & Crypto sale transaction information for any other Crypto Transactions.
He has 10 open slots for clients who he would be able to meet with during late March or April
He is willing to handle taxes for US residents of NY, NJ, PA, & any other states that don’t have state income tax
He is offering $20 off of this year’s tax filing for any new clients with crypto-related taxes who mention this article/my Etoro page
Two things I would like to note regarding the above:
Full disclosure I am not receiving anything from this referral, if I mention a service at any point & am receiving an incentive of any kind I will mention it to make you all aware.
Even if you don’t match the above locations/arent one of the first 10 people you can reach out to him to ask for any other tax professionals David might recommend/places to find tax professionals for your area that can handle crypto taxes.