Is the transaction history technically complete?
Every wallet, every exchange account, every transfer between them, reconciled against the blockchain. Gaps named and quantified.
Source of wealth and tax
Your bank asks three questions. We answer two of them.
A CashoutReady report documents where your crypto wealth came from and how it grew, for bank compliance purposes. It does not replace a tax report or tax advice. This page explains how the two fit together, how to get both from one set of data, and when it is worth bringing in a tax adviser.
Three different documents
A tax report, a blockchain analysis and proof of funds are not the same document.
Clients often assume they are. Banks do not. Each document comes from a different tool and answers a different question.
The bridge between the two. The SoW Claim does not deal with tax, but it usually shows very clearly whether tax was due: whether you traded, sold, exchanged to fiat or earned rewards, how much, and in which years. The bank reads exactly that. So it has good grounds to question you about tax dues.
Therefore, when a compliance officer reviews crypto wealth, they must answer three separate questions.
Can the origin of the wealth be explained for AML and banking purposes?
Where the first money came from, how the balance was built, which external inflows need a story, whether anything touches illicit activity.
Has the income or gain been correctly declared for tax purposes?
Which events were taxable, in which year, under which rules, and whether they appear in your tax returns.
Why the third question reaches the bank at all. Anti-money-laundering rules treat money that escaped tax the same way they treat the proceeds of any other crime. So a bank that sees significant undeclared gains is not looking at a tax issue. It is looking at a money-laundering risk, and it has to treat it as one.
Who stands behind what
A source-of-wealth file works when everyone knows what they stand behind.
You
Completeness and accuracy of the information you supply.
CashoutReady
Technical reconstruction of the history and the source-of-wealth documentation: your SoW Claim.
SoW assistant optional
A Cashout analyst who loads and reconciles your data with you and prepares the Claim for the bank, within the package you choose.
Tax calculator
Establishes the figures for your tax declaration, from the same accounts and transactions.
Tax adviser optional
Tax classification and tax filings, within the engagement you agree with them.
Your bank
The final AML and onboarding decision. Anti-money-laundering review includes tax offences.
We do not give tax advice, and a tax adviser does not reconstruct your wallets. Kept apart, each piece of work protects the other.
One data set, two declarations
“You have just paid for a tax declaration. Now you have to pay again for a source-of-wealth file?” We know. It sucks.
So we reuse the work you have already paid for.
Most of the work in a tax report and in a source-of-wealth report is the same work: collecting every account, matching every transfer, pricing every trade. Doing it twice costs you time and, worse, produces two files that do not match. A bank that receives a tax report and a source-of-wealth report with different totals will ask why.
Our partner tax calculators, Kryptos and CoinTracking, already hold your history if you have done your crypto taxes with them. We reuse that data to build your Source-of-Wealth Claim. One import, two declarations, figures that reconcile.
Kryptos
Fully automatedConnect your Kryptos account and your history flows into CashoutReady as it is. No re-upload, no CSV. The Cashout process runs as usual from there.
Start with Kryptos dataCoinTracking
With our helpExport your CoinTracking data or tell us your account is there. An analyst loads and checks it with you before the case starts.
Contact us about CoinTracking data
Both routes are available with the Full SoW Claim Kit. They are not part of the Simple check, which works from wallet addresses only.
Kryptos and CoinTracking calculate your taxes. CashoutReady does not. Using either does not change what your tax adviser or the tax office decides.
Self-assessment
Do you need a tax adviser as well?
Many cases do not. If your history is straightforward and your gains are declared, the Claim is all the bank needs. Some cases do, and finding out after the bank has asked is expensive. Tick what applies. It takes a minute and nothing is stored.
This is orientation, not advice. It does not replace a conversation with a qualified tax adviser.
Rather not deal with any of this?
You can push through most of it yourself: a tax calculator for the tax, your SoW Claim for the source of wealth, this page for the rest. Some cases are simply not worth your weekends. Tell us where you stand and we assemble the team: a Cashout analyst for the file, a partner tax adviser for the returns, one conversation for you.
Tax and source of wealth
Questions we get asked
Is a CashoutReady report a tax report?
No. It documents the origin and development of your crypto wealth for bank compliance purposes. It quantifies realised gains because a bank wants to see them, but it does not classify them for tax and it is not a return for a tax authority.
My bank has asked if taxes were paid. Can CashoutReady help?
Partly. Proof that taxes were paid comes from two documents we do not produce: your tax declaration, which a tax calculator such as Kryptos or CoinTracking prepares and you file, and the tax assessment, which the tax office issues in return. What we can do is make sure the Source-of-Wealth Claim we build reconciles with both, so the bank sees one consistent set of figures, and, if you need one, we can bring in a partner tax adviser who works with our tool.
I did my taxes with Kryptos or CoinTracking. Do I have to upload everything again?
No. With Kryptos the import is automated; with CoinTracking an analyst loads your export with you. One data set, two declarations, and the figures reconcile.
I have not declared all my crypto gains. Can you still help?
Yes, but not alone. A bank treats significant undeclared gains as a money-laundering risk, so the tax side has to be resolved together with the source-of-wealth file. Book a call; we put together a team with a partner tax adviser for exactly this.
Do you recommend a tax adviser?
We work with crypto-specialised tax advisers who know our tool. If your case needs one, we bring them into your case rather than sending you to a list. You keep one point of contact.