Disclaimer: DimeFi does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only and is not intended to provide—nor should it be relied on for—tax, legal or accounting advice.
What reports does DimeFi provide to help me file my 2021 taxes?
DimeFi provides you with a report of your transaction history. The transaction history includes the following information:
The interest you've earned.
Crypto trading activities.
Trading cashback you redeemed.
Referral bonuses you received.
Your fiat and crypto deposits and withdrawals activities.
Any other crypto received or paid for services.
What do I do with the transaction history report?
If you are using an accountant or tax professional, you can send the transaction history report to them for reference.
If you are using a tax-preparation software, we recommend the specialized crypto-tax service, Koinly.io. You can import your transaction history report directly into Koinly.io, which will calculate your P/L and other income and generate the tax forms you need to file with the IRS. Here is a step-by-step guide from Koinly on how to import your transaction history.
Disclaimer: DimeFi is not affiliated with Koinly.io.
Does DimeFi report my activity to the IRS?
DimeFi does not report your trading activity to the IRS. You must download your DimeFi transaction history and use that to help you file your taxes.
We will be issuing 1099-MISC form for your interest income in 2022. The form will be sent to your registered email address at the beginning of 2023.