How to do your MetaMask tax with Crypto Tax Calculator
Reporting your MetaMask taxes using Crypto Tax Calculator is straightforward. You don’t need to manually export data or calculate anything.
Instead, simply link your public wallet address and Crypto Tax Calculator will analyse the data to identify things like swaps, staking, liquidity pools and other DeFi activities. It will then produce a tax report, ready for your accountant or local tax authority.
Connect all of your exchanges, wallets, and platforms to import your transaction history. Make sure to link all of your accounts besides just MetaMask to ensure you receive an accurate tax report.
Generate a comprehensive tax report ready for your accountant or local tax authority.
If you're new to Crypto Tax Calculator, start with our Getting Started Guide for an overview of how the platform works.
2025-02-20
Guides
20
Feb
2025
-
10
min read
How to do your MetaMask taxes in 2025
A step-by-step walkthrough of everything you need to know about calculating your MetaMask crypto tax.
James Edwards
Key takeaways
Tax agencies can track your Metamask transactions, so it’s important to file your crypto taxes properly.
MetaMask doesn’t currently provide ready-to-file tax forms, but there is a manual process you can follow to get your relevant data.
You can use crypto tax software, such as Crypto Tax Calculator, which easily integrates with MetaMask to give you an overview of your taxes within minutes.
This tax guide is regularly updated: Last Update
When it comes to filing MetaMask taxes, it’s important to understand what’s involved to stay compliant. Using MetaMask to sell, swap, or stake crypto is typically treated as a taxable event in most countries, and as a user of the platform, you’ll most likely need to calculate and report taxes for your transactions.
MetaMask does not collect or report taxes on your behalf, making it your responsibility to manage and file your crypto income. While MetaMask tax reporting may seem complicated, with the right tools and guidance it doesn’t have to be.
In this guide, we’ll walk you through:
How to calculate taxes for MetaMask
How to use crypto tax software for reporting accurate MetaMask taxes
How to get MetaMask tax documents
Which MetaMask transactions are taxable
If MetaMask reports to the IRS
How to calculate taxes for MetaMask
If your MetaMask activity has been limited to basic buying, selling, and staking, you may be able to calculate your transactions manually. You can do this by exporting your transaction data using a block explorer like Etherscan (see our section below on how to get MetaMask tax documents for a detailed walkthrough).
However, since MetaMask is often used for DeFi and more complex transactions, calculating taxes manually can be challenging. To simplify the process, you can use crypto tax software like Crypto Tax Calculator . All you need to do is connect your MetaMask account and CTC will automatically import your transactions and handle the tax calculations in accordance with your country’s regulations.
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The best crypto tax software for MetaMask – Crypto Tax Calculator
Crypto Tax Calculator is the best tax software for MetaMask because it is the official tax partner of MetaMask and powers the Tax Hub inside of MetaMask Portfolio.
In case you missed the news, in 2025 we officially partnered with MetaMask to make crypto tax easy for MetaMask's 30 million monthly active users. Simply access the Tax Hub inside of MetaMask Portfolio to do your MetaMask taxes with your Crypto Tax Calculator in just a few clicks.
Crypto Tax Calculator is designed with DeFi users in mind, and can handle even the most complicated of portfolios and transaction types. Simply link your wallet address and it will automatically scan, categorize and calculate the tax owed on your transactions.
You can add as many accounts as you like from other on-chain wallets and centralised exchanges, streamlining the tax process and saving you a headache.
CTC generates tax reports that comply with the requirements of numerous tax authorities, including the IRS, HMRC, ATO, CRA, and many more.
But don’t just take our word for it. Crypto Tax Calculator has a 4.8-star rating on Trustpilot, with countless positive reviews. Here’s one from Mike Drav:
“I've tried Koinly, TaxBit, CoinLedger… and my conclusion is that CryptoTaxCalculator is the best crypto accounting/tax software on the market and it's not even close.”
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How to get MetaMask tax documents
MetaMask doesn’t currently provide complete tax reports ready for you to file. You’ll need to either export your transaction data in a CSV file–which MetaMask doesn’t currently have the option for–or extract your on-chain trade information with a blockchain explorer, which can be a complicated process. Here’s how you can export your transaction data using Etherscan:
Open your MetaMask wallet.
Click on your account name (in this case “Account 1”).
This will open up a window at the bottom of your screen.
Click on the three dots at the bottom right, then select “View on Etherscan.”
Underneath your transactions, you’ll see an option to download a CSV export.
Click on “CSV Export” and it will open a window where you’ll be asked to specify a date range for your transactions.
Once you complete the verification widget, you’ll be able to download the CSV file showing all of your MetaMask transactions for the specified time frame.
Keep in mind: these steps will only help you create a record of your MetaMask transaction history, and may not provide all the details you need to file an accurate tax return.
Alternatively, you can use crypto tax software like Crypto Tax Calculator, which is an official partner that integrates seamlessly with MetaMask so you can easily import your transactions and have an overview of your taxes almost immediately.
Are MetaMask transactions taxable?
Yes, MetaMask transactions are taxable. If they result in capital gains or income, chances are you’ll need to report and pay tax on them. The specific tax amount depends on where you live and the type of transactions you have made. If you used MetaMask for the following decentralized finance (DeFi) activities, then they are taxable events:
No, MetaMask does not currently report to the IRS.
But just because MetaMask doesn’t report transactions to the IRS, it doesn’t mean the IRS can’t track your activity. Transactions on blockchains such as Ethereum are available for the public to view, which the IRS can trace back to your wallet. So, it’s important to make sure you report all taxable events to prevent any unwanted issues with tax authorities.
For years, DeFi protocols have been operating in a complex regulatory environment, but that’s changing with the new DeFi broker tax regulations. The IRS regulations state that front-end trading services–including websites, non-custodial wallets, and browser extensions that allow users to exchange digital assets–will be classified as “brokers” moving forward.
As a result, starting January 2027, DeFi trading platforms will be required to track and report customer transactions and file a 1099-DA form with the IRS.
The information provided on this website is general in nature and is not tax, accounting or legal advice. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this information, you should consider the appropriateness of the information having regard to your own objectives, financial situation and needs and seek professional advice. Cryptotaxcalculator disclaims all and any guarantees, undertakings and warranties, expressed or implied, and is not liable for any loss or damage whatsoever (including human or computer error, negligent or otherwise, or incidental or Consequential Loss or damage) arising out of, or in connection with, any use or reliance on the information or advice in this website. The user must accept sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information in this website is no substitute for specialist advice.
FAQ
Does MetaMask provide a tax report?
No, but you can get a tax report of your MetaMask activity by using Crypto Tax Calculator. By creating an account with Crypto Tax Calculator and linking your MetaMask account, you can simplify the tax reporting process. CTC will automatically import all your MetaMask transactions and generate a detailed crypto tax report.
How to get tax info from MetaMask?
Since MetaMask tax info isn’t readily available, you’ll need to export your transaction data using Etherscan, which can be a lengthy process. A more efficient option is to use crypto tax software like Crypto Tax Calculator. CTC easily integrates with MetaMask, automatically importing your transaction data and streamlining the tax reporting process. This can save you significant time and effort, ensuring that your crypto tax forms are filed accurately and in compliance with local regulations.
How to report MetaMask taxes
To report MetaMask taxes, you must include all your crypto-related activity conducted on the platform. Be sure to track transactions like selling, swapping, staking, or earning rewards, as these are typically taxable events. The specific tax rules may vary depending on where you live, but typically these activities will be categorised as income tax or capital gains tax.
Income tax: Applies when you earn income in the form of new coins or tokens, such as rewards received from staking or tokens received through airdrops.
Capital gains tax: Applies when you profit from a crypto transaction, such as selling, swapping, or spending assets. This includes all types of crypto assets like stablecoins, tokens, and NFTs.
James Edwards
Cryptocurrency Expert
James Edwards has been active in the cryptocurrency industry for over 10 years. He is an avid user of DeFi and believes in the promise of a user-owned and operated web.
His expertise as a cryptocurrency journalist has seen him contribute to publications such as Nasdaq, CoinMarketCap and CoinTelegraph.
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