How to Report Taxes on your Arbitrum Transactions

Awaken makes it effortless to track your transactions and calculate taxes on Arbitrum, one of the most widely used Ethereum Layer 2 networks. Just connect your wallet address, and we’ll automatically sync your full transaction history, including swaps, NFT activity, bridging, and DeFi interactions.

✅ Step-by-Step: Connecting Your Arbitrum Wallet to Awaken

To connect your Arbitrum wallet to Awaken:

1. Go to the Accounts tab on Awaken

2. Click Add Account

3. Type Arbitrum in the search bar

4. Click Add Wallet

5. Paste your public EVM wallet address (starts with 0x)

Awaken will automatically import all your activity on the Arbitrum network — including trades, transfers, bridges, and smart contract interactions.

📌 Note: Arbitrum uses standard EVM addresses, so by adding your wallet, Awaken will also detect activity from other supported EVM chains using the same 0x address — including Ethereum, Polygon, Base, Optimism, BNB Chain, Avalanche, Blast, and HyperLiquid.

📄 Alternative Option: Upload a CSV File

Prefer to upload your Arbitrum data manually? Here's how:

1. Download a CSV of your Arbitrum transactions

   1. The wallet you use for Arbitrum may have CSV support, or you can download a CSV from Arbiscan.

2. Select your desired date range and export your transaction history as a CSV file

3. Follow this guide to properly format your CSV: 👉 How to Format Your CSV for Awaken Tax

4. Then return to Accounts > Add Account > Upload CSV and drag in your file

🔗 Supported Transaction Types on Arbitrum

Awaken automatically categorizes the following transaction types on Arbitrum:

• Token swaps (e.g., Uniswap, GMX)

• NFT purchases, sales, and transfers

• Yield farming and liquidity provision

• Airdrops and on-chain incentives

• Bridges to/from Ethereum and other L2s

• Transfers between wallets

We handle the heavy lifting of labeling transactions and calculating their tax implication, reducing your workload by more than 99% (literally).

🌍 How to Do Arbitrum Taxes in Awaken

Your Arbitrum activity may trigger tax obligations depending on your country, including:

• Capital gains on swaps or NFT sales

• Income from staking, farming, or airdrops

• Deductible gas fees (check local rules)

Awaken’s engine applies your local tax framework automatically and generates ready-to-file reports. To learn more, explore our international tax guide: 📚 Global Crypto Tax Landscape 2025

🕵️ Does Arbitrum Report My Transactions to the IRS?

No — Arbitrum is a decentralized blockchain and does not report to the IRS or any tax authority. It does not collect personal information or link wallet addresses to identities.

However, if your Arbitrum wallet has interacted with centralized exchanges or fiat onramps, that address could be traceable. The IRS may connect on-chain activity through those entry points, which is why it’s essential to include Arbitrum transactions in your Awaken tax report.

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