How do I connect my Trezor account to CoinTracker?
Connect your Trezor device
Visit suite.trezor.io
For Bitcoin, Bitcoin Cash, Dash, Dogecoin, Litecoin, and Zcash wallets
Select the relevant account, and and navigate to the Basic tab
Click on Show XPUBs
Add the xPub addresses
For all other coins
Select Select the relevant coin, and view wallet addresses underneath Transactions
Copy each address
What is Trezor Wallet?
Trezor is a hardware wallet developed by SatoshiLabs that securely stores your private keys offline. It's one of the most trusted cold storage solutions, supporting thousands of cryptocurrencies and tokens across multiple blockchains, including Bitcoin, Ethereum, Litecoin, and ERC-20 tokens. Trezor devices (Model One and Model T) integrate with wallet interfaces such as Trezor Suite, Electrum, and MetaMask to help you send, receive, and manage your assets safely.
Do I pay taxes on my Trezor Wallet transactions?
Yes. Even though your crypto is stored offline, any taxable events—such as selling, swapping, or spending crypto—must be reported. The location of your assets (hardware, software, or exchange) doesn't affect your tax obligations. If you earned staking rewards, airdrops, or income from crypto activity linked to your Trezor wallet, these are also taxable.
Does Trezor Wallet report to the IRS?
No. Trezor is a hardware wallet manufacturer, not a broker or exchange. It doesn't collect personal information, perform KYC verification, or issue 1099 tax forms. Since it's fully non-custodial, Trezor does not directly report to the IRS or any tax authority.
Can the IRS see my Trezor Wallet transactions?
Potentially, yes. While Trezor itself doesn't report transactions, all blockchain data is public and can be analyzed. If you've transferred crypto between your Trezor wallet and a centralized exchange (like Coinbase or Binance), those transfers can be used to link your activity to identifiable accounts.
Does Trezor Wallet have tax documents?
No. Trezor doesn't generate tax documents such as 1099s or transaction summaries. However, you can calculate your taxes easily by connecting your public wallet addresses or xpub keys to CoinTracker, which automatically pulls all historical transactions from the blockchain.
How do I get tax forms from Trezor Wallet?
To get tax forms for your Trezor Wallet, connect it to CoinTracker using your extended public keys (xpub, ypub, or zpub) for each blockchain you use. CoinTracker will automatically sync your transaction data, calculate your cost basis, and generate tax-ready forms like Form 8949 and Schedule D.
How are NFTs stored in Trezor taxed?
If you use your Trezor device in combination with an external wallet (such as MetaMask) to manage NFTs, NFT transactions follow the same tax principles as other crypto assets. Selling or swapping an NFT is a taxable event, and minting or receiving NFTs as compensation may count as income.