Preparing Your Liquid Taxes
Summ has integrated Liquid into our platform to help users easily calculate their cryptocurrency tax obligations. Users can upload via a CSV or API import following the instructions in this guide.
Summ As the first step in your crypto tax process, you will need to upload all your transactions to Summ. For Liquid there are two ways to do so, through an API upload or through a CSV history file upload. Either will work and allow Summ to calculate your crypto taxes and specifically your Liquid tax obligation.
Using An API
The easiest way to transfer data is to generate an API key and share the details with Summ.
On Liquid:
- Open the Liquid API page
- Click Create a New Token button
- Select Accounts: Read and select executions: Read
- Type the 2FA code (if enabled)
- Click Create an API Token
On Summ:
- Once logged in navigate to the Import page and select Liquid from the dropdown menu
- Paste in your API key, secret key, and passphrase used to create the API
- The process might take a few minutes but in the meantime, you can upload data from your other exchange accounts and wallets
Using a CSV upload
The alternative to using an API is downloading your transaction data from Liquid and uploading the files to Summ.
On Liquid:
- Navigate to the funds/wallet section in the top right corner
- Select the date range and export via email (you might have to do this multiple times for all your transactions)
On Summ:
- Once logged in navigate to the import page
- Select Liquid from the dropdown menu
- Click the import button and upload all the files you have downloaded from Liquid
Wrapping Up
Once you have uploaded all your crypto data Summ can calculate your portfolio breakdown and crypto tax obligation. If for some reason you can’t upload your transactions you can add them individually on the review transactions page.