Overview
Okipo's Integrated Tax Report is a service designed for those who use DeFi protocols, own NFTs, trade on multiple exchanges, or hold cryptocurrencies in different wallets. The collaboration between the Young Platform and Okipo offers a detailed and retroactive report up to 2016 for complete management of the tax return for the tax year 2023 and for the “Ravvedimento Operoso” of previous tax years up to 2016.
Important: on the Okipo Report you will need to upload the CSV of the Young Platform Transaction Report so that it also processes transactions made on our platform. Therefore, it is not necessary to purchase both reports. If you fall into the category of an investor who uses advanced services, you can only opt to purchase the Okipo Report.
Report details and structure
Okipo's report provides a comprehensive overview of your crypto assets, including details of each transaction, the value of the assets and the data to be included in your tax return. As with the Young Platform Tax Report, it is a single report that includes transactions from all tax years, from 2023 to 2016. In this way, we have eliminated the need for multiple payments for separate annual reports.
Costs and economic benefits
The Okipo Integrated Tax Report is offered at competitive prices, with special discounts for Young Platform users and further reductions for Club members. To ensure that the reductions are correctly applied, it is essential to access these discounts by clicking on the dedicated banner in the Young Platform exchange.
Purchasing procedure
- Access your Young Platform account from your desktop.
- Click on the menu section 'Taxes & Reports'.
- Click on the second banner, dedicated to the Okipo Tax Report.
- You will be redirected to Okipo's registration page where you will have to enter your email and create a password.
- After registration, you will be offered a basic plan with a limit of 10,000 transactions.
- Confirm the chosen plan and proceed to payment.
- After payment, link your wallets by uploading CSV files, including the Young Platform Transaction Report. If transactions exceed the limit of the chosen plan, an additional payment will be required to cover 10,000 extra transactions.
- Once all wallets are linked, you can generate the report that includes all assets by year, from 2016 to the present, in one document.
Retention of documents
It is essential to keep these documents carefully, as they will be crucial in case of tax audits. These reports will enable you to prove the correctness of your declarations.