Trust Wallet Tax Guide IRS Reporting
Once you sign up for Awaken, you can connect your Trust Wallet and get started on your crypto taxes in under a minute. Simply paste your wallet addresses, and Awaken will automatically retrieve your transactions from every supported blockchain.
✅ Step-by-Step: Connecting Your Wallet to Awaken
To connect Trust Wallet to your Awaken Tax account:
Go to the Accounts tab on Awaken
Click Add Account
Type Trust Wallet in the search bar
Click Add Wallet
Paste your public wallet address for the blockchain you want to sync (e.g., Bitcoin, Ethereum, Solana)
Awaken will automatically fetch all eligible on-chain transactions linked to that address, including trades, NFTs, airdrops, transfers, and DeFi activity.
📌 Note: Trust Wallet supports multiple blockchains. Be sure to add each wallet address separately for every chain you’ve used. If you use your Trust Wallet on a blockchain that Awaken doesn’t connect to directly, you’ll need to upload those transactions via CSV instead.
📄 Alternative Option: Upload a CSV File
Prefer to upload your data manually? Awaken also supports adding your Trust Wallet transactions via CSV. Here’s how:
Open the Trust Wallet app
Use the in-app browser or a block explorer (like Etherscan, BscScan, etc.) to view your transaction history
Export the data and save it as a CSV file
Format it according to this guide: 👉 How to Format Your CSV for Awaken Tax
Return to Accounts > Add Account > Upload CSV and drag in your file
🔗 Next Step: Add All Your Wallets and Exchanges
To generate a complete and accurate tax report, be sure to connect all wallets and exchanges you’ve used, not just Trust Wallet. This allows us to sync your full transaction history and generate accurate tax reports.
Head back to the Awaken Integrations Hub to find easy setup instructions for all exchanges, wallets, and blockchains. Once all your transactions are in one place, you're ready to generate your tax forms.
🌍 How to Do Trust Wallet Taxes in Awaken
Crypto tax laws vary by country, but typically include:
Capital gains for trades, swaps, and sales
Income taxes for staking rewards, airdrops, and yield farming
Deductible fees, such as gas costs (depending on local rules)
Check our global guide to see what applies in your country: 📚 Global Crypto Tax Landscape 2025
🕵️ Does Trust Wallet Report My Transactions to the IRS?
No. Trust Wallet is a non-custodial wallet and does not report to the IRS or any other tax authority. It does not collect personal identifying information, so they couldn’t report it even if they wanted to.
However, if you’ve ever sent or received funds from a centralized exchange (like Coinbase or Binance), the IRS may be able to trace your Trust Wallet address anyway. Even if they don’t know your address today, they may in the future. Audits can go back up to 7 years, so it’s best to report your taxes accurately upfront.
To stay compliant, make sure to include your Trust Wallet activity in your Awaken tax report, as well as every other exchange and wallet you use.
