How do I connect my MetaMask account to CoinTracker?
Open your Metamask wallet browser extension or mobile app
Select the copy button at the top of the wallet to copy your EVM compatible address (0x...)
In CoinTracker, select the blockchain you have transactions on within your Metamask wallet
Paste in the public address which you copied from Metamask
Select "Add MetaMask"
What is MetaMask Wallet?
MetaMask is a non-custodial cryptocurrency wallet and gateway to Web3 used to store, send, and interact with digital assets. It supports Ethereum and all EVM-compatible networks, including Polygon, BNB Chain, Avalanche, and Arbitrum. Available as a browser extension and mobile app, MetaMask also lets users connect to decentralized apps (dApps), participate in DeFi protocols, and manage NFTs — all while keeping full control of their private keys.
Do I pay taxes on my MetaMask transactions?
Yes. All crypto transactions made through MetaMask are subject to taxation. Selling, swapping, or spending tokens triggers capital gains or losses, and earning staking rewards, airdrops, or liquidity pool income counts as taxable income. Even if MetaMask doesn't report to tax agencies, you're required to disclose these activities when filing.
Does MetaMask report to the IRS?
No. MetaMask is decentralized and does not collect personal data, verify user identities (KYC), or issue 1099 tax forms. It does not directly report to the IRS or other authorities. However, transactions on public blockchains are visible and can be analyzed if linked to centralized accounts.
Can the IRS see my MetaMask transactions?
Yes, potentially. MetaMask transactions occur on public blockchains like Ethereum and Polygon, meaning they can be viewed and analyzed through blockchain explorers. Transfers between MetaMask and centralized exchanges can make your activity traceable if linked to an identifiable account.
Does MetaMask have tax documents?
No. MetaMask doesn't generate or issue any tax forms, such as 1099s. Since it's a self-custodial wallet, you'll need to use a crypto tax tool like CoinTracker to import your data and automatically calculate capital gains, losses, and taxable income.
How do I get tax forms from MetaMask?
To generate tax forms, connect your MetaMask Wallet to CoinTracker. CoinTracker will automatically import your on-chain activity, calculate cost basis and proceeds, and generate accurate tax documents, including Form 8949 and Schedule D.
How are NFTs on MetaMask taxed?
NFTs bought, sold, or swapped using MetaMask are taxed like other crypto assets. Selling or trading NFTs triggers capital gains or losses, and receiving NFTs as payment or rewards is considered taxable income. CoinTracker can track your NFT transactions and calculate their taxable impact.