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Ledger Live doesn't provide finalized tax documents for their customers, similar to most crypto wallets. This is due to the complexity of creating tax logic for customers from various jurisdictions. Customers can instead choose to use an accountant or a crypto tax platform like Divly for their tax needs.
Step 1: Export your Ledger Live transaction history
Ledger Live allows users to export their transactions via a CSV file that includes all chains. You can also aggergate your transactions by importing each chain individually by using APIs.
| Transaction type | File Import | Automatic Import |
|---|---|---|
| Withdrawals | ||
| Deposits | ||
| Staking Rewards | ||
| Other Expenses | ||
| NFTs |
Automatic import
Divly has simplified the process by building an automatic integration with multiple blockchain explorers for our users. By simply providing Divly with a wallet address, all your transactions including the native tokens will be imported automatically.
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To locate your Wallet Address, sign into your wallet and find your public wallet address.
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Copy the Wallet Address into Divly. Please ensure to use the public Wallet Address, never share your private keys with anyone!
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In Divly, select the relevant blockchain and click Save wallet address and import. Your transactions will automatically be imported directly from the blockchain ledger.
File import
You can import transactions from Ledger into Divly by downloading and importing a CSV file. Make sure to download the CSV file every time you want to include the latest transactions.
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Sign in to the Ledger Live application on your computer.
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In the navigation bar at the top right click on the Settings icon that resembles a gear.
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Click on Accounts in the sub menu.
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Next to Operations history click on the button Save.
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Select all your accounts and click the button Save. Choose a location on your computer and the CSV file will download.
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Drag and drop the CSV file to where it says Upload CSV. Divly will import the transactions.
Important: Ledger does not export enough information to correctly account for NFTs when doing taxes. If you have been trading NFTs, please use the relevant blockchain import on Divly (e.g. Ethereum, Polygon, BSC, etc).
Step 2: Calculate your crypto taxes
After exporting your transaction history from Ledger Live, you need to calculate your cryptocurrency gains and losses. This can be done manually using spreadsheet tools, through tax platforms like Divly which offer automated calculations, or by hiring a tax professional.
Step 3: Declare your crypto taxes
Finally, report your tax calculations from your Ledger Live activities to your local tax authority. If using Divly, you can download a customized, automated tax report compliant with your country's tax laws. This report guides you on what and where to declare based on your account's country of registration.
Any tax-related information provided by us is not tax advice, financial advice, accounting advice, or legal advice and cannot be used by you or any other party for the purpose of avoiding tax penalties. You should seek the advice of a tax professional regarding your particular circumstances. We make no claims, promises, or warranties about the accuracy of the information provided herein. Everything included herein is our opinion and not a statement of fact. This article may contain affiliate links.