How do I report my Uphold taxes?

All crypto activity on Uphold — whether trades, conversions, or card payments — is taxable in most jurisdictions.

Capital Gains Tax

Triggered when you dispose of crypto through:

• Buying/selling crypto

• Swapping one crypto for another

• Converting crypto to fiat

• Using crypto with the Uphold Card (treated as a sale)

• Trading crypto ↔ metals or crypto ↔ stocks (yes, these are taxable disposals)

Your taxable gain = fair market value at disposal – cost basis.

Income Tax

Applied when you earn crypto on Uphold through:

• Staking / Earn rewards

• Promotional bonuses

• Airdrops

• Referral rewards

CoinTracker automatically classifies Uphold transactions as either capital gains or taxable income based on IRS and international rules.

Yes.

• You must report all Uphold activity, including:

• Crypto trades and conversions

• FX and metals trades involving crypto

• Crypto used via the Uphold debit card

• Staking rewards

• Incoming transfers classified as income or gifts

• Stablecoin conversions

CoinTracker consolidates your complete Uphold activity so every taxable event is captured accurately.

Partially.

Uphold offers downloadable:

• Transaction CSV exports

• Trading history

• Payments/transfer logs

• Uphold card spending history

However, Uphold does not typically issue:

• Form 1099-B

• Form 1099-MISC (for most users)

• HMRC CGT reports

• ATO summaries

CoinTracker converts your Uphold data into full tax reports like Form 8949, Schedule D, etc.

• Log in to your Uphold account.

• Go to Activity → Subaccounts.

• Select Transactions.

• Choose Download CSV.

• Export all categories relevant to taxes:

  • Trades

  • Conversions

  • Uphold Card spending

  • Deposits & withdrawals

  • Staking/Earn rewards

• Upload CSVs into CoinTracker under: Add Account → Uphold → Upload CSV

Uphold may issue 1099 forms only in limited cases (e.g., >$600 in U.S. earnings), but most users do NOT receive tax forms.

CoinTracker generates all equivalent forms needed for filing:

Form 8949 & Schedule D (U.S.)

• Income reports

• HMRC CGT summaries

• ATO CGT schedules

• EU MiCA-aligned reports

Common reasons:

• Only transactions CSV was exported, but not the Uphold Card history

• Crypto-to-stock or crypto-to-metal conversions missing

• Inter-wallet transfers within Uphold not included

• Staking/Earn CSV not exported

• Using multiple Uphold subaccounts not included in one export

CoinTracker resolves this by merging all file types and using historical price matching to fix missing cost basis.

No.

Uphold does not withhold or remit taxes for users.

You must self-report all taxable activity.

CoinTracker automates the entire process.

Yes — in certain cases.

Uphold complies with:

• KYC/AML rules

• U.S. IRS reporting when applicable

• EU MiCA transaction-sharing requirements

• Travel Rule frameworks

CoinTracker helps ensure your reported data matches any information Uphold may share with regulators.

Yes.

You can download:

• Year-end summaries

• Monthly statements

• Full transaction exports

• Card spending summaries

These can be uploaded to CoinTracker for complete tax-year calculations.