Abra Taxes: How to Generate Your Crypto Tax Report
Abra does not create tax reports for you. Every crypto trade and disposal on the platform is your responsibility to declare. CoinTracking imports your full Abra transaction history via CSV export from the mobile app, calculates gains and losses, and generates a tax report ready for your tax authority or accountant.
How to Import Your Abra Transactions into CoinTracking
Watch how to export your transaction history from the Abra mobile app as a CSV file and import it into CoinTracking to generate your crypto tax report.
Start Your Free Abra Import- Every crypto trade on Abra is a taxable disposal in most jurisdictions. Capital gains tax applies when you sell, swap or spend crypto.
- Abra does not offer an API. Your transaction history must be exported as a CSV file from the Abra mobile app and uploaded to CoinTracking.
- Transfers between your own wallets are not taxable events. Buying and holding crypto is not a taxable event.
- Abra is a US-based platform. It is not subject to EU DAC8 reporting requirements. However, under international data-sharing agreements, US platforms may share account data with foreign tax authorities. Undeclared gains carry significant legal and financial risk.
Abra and Your Tax Obligations
Abra is a US-based mobile crypto platform that allows users to buy, sell, earn and transfer a wide range of digital assets. Its simple mobile-first experience makes it popular with retail crypto investors — but every crypto transaction creates a potential tax event.
Unlike many crypto exchanges, Abra does not offer API access for tax software. Your full transaction history must be exported as a CSV file from the Abra mobile app and uploaded to CoinTracking.
CoinTracking supports Abra via CSV file upload:
- Abra CSV import: export your transaction history via the Abra mobile app (Menu → Transaction History → send via email → download CSV)
- All crypto buy, sell, swap and transfer transactions are supported
- CoinTracking maps Abra CSV columns automatically for accurate tax calculations
Crypto Tax Basics: What Abra Users Need to Know
Tax rules for crypto vary across jurisdictions. These three principles apply broadly to Abra users, but always verify the specifics with your local tax authority or a qualified advisor.
Trading crypto is a taxable disposal
In most countries, every sale, swap or use of crypto is a taxable event. Capital gains tax applies to the difference between what you paid (cost basis) and what you received. Transfers between your own wallets do not trigger tax. Abra's range of assets — from Bitcoin to stablecoins — means your tax exposure can span many transaction types.
Holding periods can reduce your tax liability
Several jurisdictions offer reduced rates or exemptions for crypto held beyond a qualifying period. In Germany, gains are tax-free after one year. In the US, long-term capital gains rates apply to assets held over 12 months. CoinTracking tracks the holding period for every Abra asset automatically, flagging positions that have crossed into tax-advantaged territory.
Records are your responsibility
Abra does not produce a tax report. Accurate records of every trade, date, cost basis and proceeds remain your responsibility. CoinTracking maintains a complete, dated audit trail of every Abra transaction you import — providing the documentation your tax authority or accountant will expect.
Abra Taxes by Country
Crypto tax rules differ by market. Below are the key rates, deadlines and filing forms for the countries where CoinTracking users trade most actively on Abra.
Germany
- Disposal tax: Personal income tax rate (up to 45%); gains are tax-free if held longer than 1 year (Haltefrist)
- Annual exemption: Gains up to €600/year are tax-free
- Staking income: Taxed as other income (Sonstige Einkünfte)
- Cost basis: FIFO
- Authority: Finanzamt
- Forms: Anlage SO, Anlage KAP
United Kingdom
- Capital Gains Tax: 18% (basic rate) or 24% (higher rate) from October 2024
- Annual exempt amount: £3,000 (2024/25 onward)
- Staking income: Income Tax at marginal rate
- Cost basis: Section 104 pool (HMRC rules)
- Authority: HMRC
- Forms: Self Assessment SA100, SA108
Spain
- Savings income (IRPF): 19% up to €6,000; 21% up to €50,000; 23% up to €200,000; 27% up to €300,000; 28% above
- Foreign crypto disclosure: Modelo 721 required if portfolio exceeds €50,000 abroad
- Staking income: Taxed as savings income (rendimientos del capital)
- Authority: Agencia Tributaria (AEAT)
- Forms: Modelo 100 (IRPF), Modelo 721
Poland
- Flat rate: 19% on all crypto gains (no holding period exemption)
- Loss carryforward: Up to 5 years
- Staking income: Taxed as capital income at 19%
- Cost basis: FIFO
- Authority: Urząd Skarbowy
- Form: PIT-38
Italy
- Flat rate: 26% on gains exceeding €2,000/year (from 2023)
- Foreign holdings disclosure: Quadro RW required if portfolio exceeds €15,000
- Staking income: Taxed as capital income at 26%
- Authority: Agenzia delle Entrate
- Forms: Quadro RT (gains), Quadro RW (foreign holdings)
Portugal
- Disposal tax: 28% on gains from crypto held less than 1 year (from 2023)
- Long-term holding: Tax-free on disposal if held 1 year or longer
- Staking income: Taxed at 35% flat rate or progressive income tax rates
- Authority: Autoridade Tributária (AT)
- Forms: Modelo 3, Anexo G or Anexo J
United States
- Short-term gains (held under 1 year): Ordinary income tax (10-37%)
- Long-term gains (held 1 year or longer): 0%, 15%, or 20% depending on income
- Staking rewards: Taxable as ordinary income when received
- Cost basis: FIFO (default); specific identification permitted
- Authority: IRS
- Forms: Form 8949, Schedule D
France
- Flat 30% tax (PFU): Gains from crypto disposals are subject to the prelevement forfaitaire unique (PFU) — 12.8% income tax + 17.2% social charges.
- No exemption for holding period: Unlike Germany, there is no tax-free threshold after 1 year.
- Staking income: Taxed as BNC (non-commercial income) if received regularly; otherwise as capital gains.
- Authority: Direction generale des Finances publiques (DGFiP). Declare via Formulaire 2086.
Austria
- 27.5% capital gains tax: Since March 2022, crypto is taxed like shares — a flat 27.5% KESt (Kapitalertragsteuer) applies to gains.
- Old coins grandfathered: Crypto acquired before 28 February 2021 is tax-free on disposal (no KESt applies).
- Staking and lending: Treated as capital income, also taxed at 27.5%.
- Authority: Finanzamt Austria. Report via Einkommensteuererklarung (E1 / E1kv).
Tax rules change frequently. This overview is for general information only and does not constitute tax advice. Consult a qualified advisor for your specific situation.
Are Abra Transactions Taxable?
In most jurisdictions, crypto is treated as an asset: disposing of it can trigger capital gains tax. Use this as a starting reference. The exact rules vary by country.
Taxable Events
- Selling crypto for fiat (USD, EUR, etc.)
- Swapping crypto for crypto on Abra
- Using crypto to pay for goods or services
- Receiving crypto as income or reward
Not Taxable
- Buying and holding crypto on Abra
- Transferring crypto between your own wallets
- Depositing fiat to Abra
- Receiving crypto as a personal gift
Tax treatment varies by country. CoinTracking applies the rules for your selected jurisdiction automatically.
How to Calculate Your Abra Taxes
Calculating crypto taxes manually from Abra is error-prone, especially across multiple trades and years. Abra's CSV export contains all the raw transaction data — but converting that into an accurate tax report requires calculating cost basis, holding periods and gains for every transaction.
The core calculation is straightforward: take what you received (proceeds), subtract what you paid (cost basis, calculated with FIFO), and the result is your taxable gain or loss.
CoinTracking automates this across your full Abra history, handles edge cases like partial fills and multi-year carryforwards, and produces a report your accountant or local tax authority will accept.
How to Import Abra into CoinTracking
Three steps to upload your Abra CSV and generate your tax report.
- 1
Log into CoinTracking and open Imports
After logging in, go to Enter Coins → Import. This is where you connect all your exchanges, wallets and blockchains. Use the search to find the Abra import option quickly.
- 2
Search for Abra in the import list
Type "Abra" in the import search field. CoinTracking will show the Abra import card. Click it to open the CSV upload area.
- 3
Export from Abra and upload your CSV
Open the Abra mobile app, select Transaction History from the menu, press the link to receive your history via email, download the CSV file from that email, then upload it here to CoinTracking.
"CoinTracking can handle just about any complex transaction you can throw at it and the automation is a real lifesaver. Of all the tax software tools we've reviewed, CoinTracking is the most detail-oriented and has more accuracy checks in place than the competition."
How to Create Your Abra
Tax Report with CoinTracking
Three steps from CSV export to a tax report your accountant will accept.
Export your Abra CSV
Open the Abra mobile app, go to the menu and select Transaction History. Press the link to receive your history via email, then download the CSV file from that email.
Review your transactions
Open Reports → Validate Transactions. CoinTracking flags missing cost basis entries, duplicate imports and price gaps so your final report is accurate.
Generate and export your tax report
Select your country and tax year. CoinTracking generates a report formatted for your jurisdiction: PDF or Excel, ready to file or hand to your accountant.
No. Abra does not generate a tax report for users. Every crypto trade, swap and disposal on Abra is your responsibility to declare to your tax authority. CoinTracking imports your full Abra transaction history via CSV export from the Abra mobile app and generates a complete, jurisdiction-specific tax report.
Open the Abra mobile app, navigate to the menu and select Transaction History. Press the link to receive your transaction history via email. Download the CSV file from the email you receive. Then upload that file to CoinTracking to import all your Abra transactions.
In most countries, yes. Every sale, swap or disposal of cryptocurrency is a taxable event. The taxable gain or loss is calculated as the difference between your cost basis (what you originally paid) and the proceeds at the time of sale. Tax-free thresholds and holding periods vary by jurisdiction. CoinTracking applies the correct rules for your selected country.
No. Abra does not offer a public API for transaction data. The only supported import method is the CSV export from the Abra mobile app. CoinTracking fully supports the Abra CSV format and maps all columns automatically.
No. Abra is a US-based platform and is not subject to EU DAC8 regulations. However, under international data-sharing agreements, US platforms may share account data with foreign tax authorities. Undeclared gains carry significant legal and financial risk regardless of where the platform is based.
Yes. In most jurisdictions, realised losses from crypto disposals can be offset against gains in the same tax year. Rules on carrying losses forward vary by country. CoinTracking calculates and reports both gains and losses automatically from your Abra CSV export, giving you a complete picture of your tax position.
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