> ## Documentation Index
> Fetch the complete documentation index at: https://guides.koinx.com/llms.txt
> Use this file to discover all available pages before exploring further.
# USA - Complete Tax Report
> Learn how the USA Complete Tax Report organises your crypto tax data, separating short- and long-term gains, income and derivatives for accurate, IRS-ready filing.
* Comprehensive report covering all US crypto tax obligations, structured to align with IRS requirements
* Short-term and long-term capital gains are separated based on holding period
* Includes derivatives trading income (futures and options) and income events (staking, airdrops, mining)
* Contains Form 8949 data ready for manual filing or sharing with your CPA
* Use alongside the Form 8949 report or TurboTax report for actual filing
The Complete Tax Report for USA users brings together everything you need for your federal tax filing: capital gains, income events, and summary calculations, all formatted with IRS requirements in mind. Whether you are filing yourself or working with a CPA, this report gives you the full picture.
***
## What Is in This Report?
| Section | What It Shows |
| ----------------------------------------- | ----------------------------------------------- |
| Capital Gains Summary | Overview of short-term and long-term gains |
| Summary of Income from Crypto Derivatives | Futures and options trading income |
| Other Income and Expense Summary | Staking, airdrops, mining income and expenses |
| IRS Form 8949 Data | Capital gains formatted for IRS reporting |
| Year Beginning Balance of Assets | Portfolio holdings at the start of the tax year |
| Year End Balance of Assets | Portfolio holdings at the end of the tax year |
| Capital Gains Transactions | Detailed list of all taxable disposals |
| Crypto Derivatives Transactions | Detailed futures and options trade records |
| Other Income & Expense Transactions | Income events and expenses |
| Asset Wise Profit & Loss | Profit and loss breakdown by asset |
| Data Sources | Exchanges, wallets, and integrations used |
The report consolidates all your tax data into a single document your CPA can review.
***
## Summary of Capital Gains
The report separates capital gains into two categories based on the holding period of the asset:
* **Short-Term Capital Gains (STCG)** – Assets held **1 year or less**
* **Long-Term Capital Gains (LTCG)** – Assets held **more than 1 year**
Each section summarises the trading activity and includes the following fields.
## Short-Term Capital Gains (STCG)
Applies to assets that were **bought and sold within one year**.
| Field | Description |
| :---------------------- | :--------------------------------------------------- |
| **Number of Transfers** | Total disposals of short-term assets during the year |
| **Sale Consideration** | Total value received from short-term disposals |
| **Cost of Acquisition** | Purchase value of the assets that were sold |
| **Fees Paid** | Trading fees paid during buy and sell transactions |
| **Gross Profit** | Total gains before adjustments |
| **Gross Loss** | Total losses recorded |
| **Net Gains** | Final gains after deducting fees |
## Long-Term Capital Gains (LTCG)
Applies to assets that were **held for more than one year before being sold**.
These values summarise all trading activity across **spot, P2P, and margin markets**.
***
## Summary of Income from Crypto Derivatives
This section summarizes **profits and losses from futures and options trading**.
Derivative trading includes:
* Crypto **futures contracts**
* Crypto **options contracts**
* **Perpetual futures**
* **Margin trading positions**
The report calculates the following values.
| Field | Explanation |
| ----------------------------- | ------------------------------------ |
| Total Realised Futures Profit | Total profit from futures trades |
| Total Realised Futures Losses | Total losses from futures trades |
| Total Futures Turnover | Sum of profits and losses |
| Brokerage Fees | Trading fees paid for futures trades |
| Funding Interest Received | Funding payments received |
| Funding Fees Paid | Funding payments paid |
| Gross Gains from Futures | Profit before brokerage fees |
| Net Gains from Futures | Final profit after brokerage |
The same structure is applied to **options trading**.
Example fields include:
* Total Realised Options Profit
* Total Realised Options Losses
* Total Options Turnover
* Brokerage Fees
* Gross Gains from Options
* Net Gains from Options
These values summarize your **overall derivatives trading performance** for the tax year.
***
## Other Income and Expense Summary
This section captures **crypto received as income**, not through trading.
Examples include:
* Staking rewards
* Airdrops
* Mining income
* Salary received in crypto
* Consultancy payments
Each income event is valued at the **fair market value on the date received**, which becomes the **cost basis for future sales**.
***
## IRS Form 8949 Data
This section contains capital gains data formatted for IRS Form 8949, separated into Short-Term Transactions (assets held one year or less) and Long-Term Transactions (assets held more than one year).
Each transaction includes the required IRS fields:
| IRS Column | Description |
| ----------------------- | -------------- |
| Description of Property | Asset sold |
| Date Acquired | Purchase date |
| Date Sold | Disposal date |
| Proceeds | Sale value |
| Cost Basis | Purchase value |
| Gain / Loss | Profit or loss |
This section provides the exact data needed to complete IRS Form 8949 and Schedule D.
***
## Capital Gains Transactions
This section lists every individual taxable disposal.
| Field | Description |
| -------------- | ------------------------------- |
| Date Purchased | When the asset was acquired |
| Date Sold | When it was disposed |
| Asset | Cryptocurrency traded |
| Quantity | Amount sold |
| Buy Value | Purchase value |
| Sell Value | Sale value |
| Gross Gains | Profit before fees |
| Source | Exchange name or wallet address |
| Purchase Fee | Fee on purchase |
| Sale Fee | Fee on sale |
| Net Gains | Final profit after fees |
This provides audit-level detail for each trade.
***
## Crypto Derivatives Transactions
This section shows each futures and options trade executed during the year.
| Field | Description |
| --------- | ------------------------------------- |
| Date | Trade settlement date |
| Asset | Asset used in the derivative contract |
| Quantity | Contract size |
| Net Gains | Profit or loss |
| Type | Futures or Options |
| Source | Exchange or integration |
These transactions support the derivatives income summary shown earlier.
***
## Other Income & Expense Transactions
This section records **crypto received as income**, rather than through trading.
***
## Asset Wise Profit & Loss
This section shows the profit and loss contribution of each asset.
| Asset | Gross Profit | Gross Loss | Net Gains |
| ----- | ------------ | ------------ | ----------- |
| ETH | 79.32 | 67,071.32 | -66,991.99 |
| BNB | 440.97 | 1.49 | 439.48 |
| USDT | 986,200.07 | 1,667,389.46 | -681,189.39 |
| XRP | 67,662.27 | 3,365.96 | 64,296.31 |
This helps identify which assets contributed most to your gains or losses.
***
## Detailed Beginning of Year Balance of Assets
Shows the **portfolio position at the start of the financial year**.
These sections include:
* Asset name
* Quantity held
* Cost value
* Market value
* Average price per coin
## Detailed End of Year Balance of Assets
Shows the **portfolio position on the last day of the financial year**.
**Why this matters:**
* Shows your starting position for the year
* Helps verify that cost basis carry-forward is correct
* Useful for audit trail and reconciliation
***
## Data Sources
The final section lists all integrations used to generate the report, such as exchanges, wallets, and custom CSV files. This provides transparency on where the transaction data originated.
***
## Frequently Asked Questions
Yes. The report separates short-term and long-term gains, includes Form 8949 data, and calculates cost basis using accepted accounting methods.
This report provides the complete overview of your crypto taxes, but you will still need Form 8949 and Schedule D, or you can import the TurboTax report for automated filing.
Yes. These appear under Other Income and are valued at fair market value when received.
Yes. Futures and options profits and losses are summarised and listed in the Crypto Derivatives sections.