How do I connect my Ledger account to CoinTracker?
Connect your Ledger device
Login to Ledger Live desktop app
Open the Ledger wallet for the coin of your choice
Select the relevant account (left hand side)
For Bitcoin, Bitcoin Cash, Dash, Dogecoin, Litecoin, and Zcash wallets
Click the wrench icon (top right side)
Click Advanced Logs
Copy the HD wallet address prefixed with "xpub" between the quotes and paste it
For all other coins
View the list of transactions and addresses in the wallet
Copy each address
What is Ledger Wallet?
Ledger is a hardware wallet designed to keep your private keys offline and your crypto assets secure. It supports thousands of cryptocurrencies across multiple blockchains, including Bitcoin, Ethereum, Solana, and Polygon. Through its companion app, Ledger Live, users can send, receive, stake, and swap digital assets while maintaining full control of their keys. Ledger's main devices include the Ledger Nano X, Nano S Plus, and Ledger Stax.
Do I pay taxes on my Ledger Wallet transactions?
Yes. Even though your assets are stored offline, any time you sell, trade, or spend crypto, it triggers a taxable event. Gains or losses from swaps, conversions, or payments using crypto must be reported. Staking rewards, airdrops, or income earned through your Ledger accounts are also taxable as income.
Does Ledger Wallet report to the IRS?
No. Ledger is a hardware wallet manufacturer and does not collect personal information, perform KYC verification, or issue 1099 tax forms. It's not a broker or exchange, so it doesn't directly report your activity to the IRS or any tax authority. You are responsible for reporting your taxable transactions.
Can the IRS see my Ledger Wallet transactions?
Potentially, yes. While Ledger doesn't share your data, most blockchains are public ledgers that record all transactions. If you've transferred crypto between your Ledger Wallet and centralized exchanges, those movements can be analyzed and linked to your identity.
Does Ledger Wallet have tax documents?
No. Ledger doesn't issue tax documents such as Forms 1099 or CSV transaction summaries. Since it's a self-custody hardware wallet, you'll need to use a crypto tax solution like CoinTracker to aggregate and calculate your tax data automatically.
How do I get tax forms from Ledger Wallet?
You can get tax forms for your Ledger Wallet by connecting it to CoinTracker. CoinTracker imports your transactions using public wallet addresses or extended public keys (xpub, ypub, or zpub), calculates your cost basis, gains, and income, and generates tax forms like Form 8949 and Schedule D.
How are NFTs on Ledger Wallet taxed?
NFTs stored, traded, or received through your Ledger Wallet follow the same tax rules as other crypto assets. Selling or swapping NFTs is a taxable event. Minting or receiving NFTs as part of a reward or compensation program may also count as income. Accurate recordkeeping ensures compliance during tax filing.