How do I connect my Xapo account to CoinTracker?
To add your Xapo transactions to CoinTracker:
Download the CSV export of your transactions from Xapo
Reformat those transactions into our CoinTracker CSV format (see our support guide here)
Import your CSV export to CoinTracker here
What is Xapo Wallet?
Xapo is a digital bank and Bitcoin wallet that combines traditional banking features with secure crypto custody. Founded in 2013, Xapo offers users the ability to buy, hold, and transfer Bitcoin (BTC) alongside U.S. dollar accounts. It operates under a regulated banking license in Gibraltar and provides a hybrid model that bridges the gap between traditional finance and crypto — including a Bitcoin wallet, Visa debit card, and custody vaults for long-term storage.
Do I pay taxes on my Xapo Wallet transactions?
Yes. All Bitcoin sales, swaps, or payments made from your Xapo account are taxable events. Additionally, if you earn interest or rewards through Xapo, these count as taxable income. Your crypto activity is subject to capital gains or income tax depending on the transaction type and your jurisdiction.
Does Xapo Wallet report to the IRS?
Potentially, yes. Because Xapo is a licensed and regulated financial institution, it may share user data with tax authorities when required by law, depending on your country of residence. This may include reporting under FATCA, CRS, or similar international agreements. However, Xapo does not automatically issue tax forms to every user; you are still responsible for ensuring your crypto transactions are accurately reported.
Can the IRS see my Xapo Wallet transactions?
Yes, potentially. Since Xapo operates as a regulated institution with both custodial and banking features, it may be subject to disclosure requests from tax authorities. Additionally, transactions moving between Xapo and other wallets or exchanges on the Bitcoin blockchain are publicly traceable.
Does Xapo Wallet have tax documents?
Xapo may provide account statements and transaction summaries, but it does not typically issue U.S. tax forms like 1099-B or 1099-DA. You can use these statements or export your transaction history to CoinTracker, which will automatically categorize your activity and generate tax reports based on your holdings and transfers.
How do I get tax forms from Xapo Wallet?
You can generate your crypto tax forms by connecting your Xapo Wallet or exporting your transaction data to CoinTracker. CoinTracker automatically consolidates your transaction history, calculates capital gains, and generates IRS-compliant forms such as Form 8949 and Schedule D.
How are Bitcoin transactions from Xapo taxed?
Bitcoin held or traded through Xapo is treated as property for tax purposes.
Selling or converting BTC: creates a capital gain or loss.
Paying with BTC: also counts as a disposal, triggering tax.
Earning BTC through interest or rewards: is taxable as income.
CoinTracker helps classify each transaction correctly and calculates the taxable value based on market prices and holding periods.