MM Finance Polygon taxes: How to do your tax declaration in 2025
With Blockpit, you can quickly and easily calculate your MM Finance Polygon taxes and correctly include them in your tax return!
Blockpit is a trusted cryptocurrency tax calculator used by hundreds of thousands of crypto investors worldwide to accurately track and optimize MM Finance Polygon transactions, and calculate gains, losses and income for tax purposes.
Simply sign up for free, import your transaction data and generate your fully compliant crypto tax report for MM Finance Polygon and more than 500,000 other crypto assets, exchanges and wallets in minutes!
Read on to learn everything you need to know about MM Finance Polygon and crypto taxation in the US!
🤝 MM Finance Polygon is an official Blockpit partner.
#1 MM Finance Polygon Tax Calculator
🏆 Full MM Finance Polygon support
📈 Smart tax optimization and offsetting of losses
🇺🇸 Full support for US tax regulations
Do I have to pay taxes if I use MM Finance Polygon?
Yes, in the US MM Finance Polygon gains and income are considered taxable transactions by the IRS.
Crypto is treated as property and subject to capital gains tax. Short-term gains (held <1 year) are taxed at 10%-37%, while long-term gains (held >1 year) are taxed at 0%, 15%, or 20%. Crypto earned through staking, mining, or payments is considered income and taxed accordingly.
Read our complete 2025 guide Crypto Tax USA for more information.
Does MM Finance Polygon automatically deduct taxes?
No, as of 2025, MM Finance Polygon does not automatically deduct taxes for you.
Crypto exchanges only track your transactions on their own platform, not your transfers to other wallets or exchanges. This means crucial information for accurate tax calculations is missing – something only crypto tax tools like Blockpit can provide.
Warning: The IRS knows about your MM Finance Polygon gains!
MM Finance Polygon transactions are publicly recorded on the blockchain, making them fully traceable by the IRS. The IRS uses advanced tracking methods to monitor crypto activity and enforce tax compliance. Additionally, centralized exchanges report user data to the IRS via form 1099-DA, increasing the likelihood of audits and tax notices.
Failing to report your crypto gains can result in hefty back taxes and penalties. Use a crypto tax tool like Blockpit to ensure accurate reporting and compliance.
Warning: The IRS knows about your MM Finance Polygon gains!
MM Finance Polygon transactions are publicly recorded on the blockchain, and wallets and DeFi activity leave a clear trail. The IRS actively uses blockchain analysis to track transactions and can access additional data from centralized exchanges. Enforcement is increasing, and more crypto users are receiving tax notices and back tax demands.
Failing to report your crypto gains can lead to audits, hefty tax bills, and penalties. Stay compliant with a crypto tax tool like Blockpit.
Import MM Finance Polygon transactions into Blockpit
Blockpit offers advanced integrations to process MM Finance Polygon transaction data. Our guide explains how to add the MM Finance Polygon integration for portfolio tracking and tax calculation.
Step 1: Log in to your Blockpit account
Log into your Blockpit account here: Login. If you don’t have an account yet, please sign up first: Create Blockpit Account.
Step 2: Select "+ Integration"
After logging in, click on “+ Integration" in the top navigation.
Step 3: Select "MM Finance Polygon"
Select MM Finance Polygon from the integration creation dialog
Step 4: Follow the on-screen instructions
You can find a detailed MM Finance Polygon setup guide here: How to import MM Finance Polygon transactions
Step 5: Wait for the data import to finish
The data import can take several minutes, depending on the number of transactions. Have a look at the import scope description of our MM Finance Polygon integration in the meantime!
Import MM Finance Polygon transactions into Blockpit
Blockpit offers advanced integrations to process MM Finance Polygon transaction data. Our guide explains how to add the MM Finance Polygon integration for portfolio tracking and tax calculation.
Step 1: Log in to your Blockpit account
Log into your Blockpit account here: Login. If you don’t have an account yet, please sign up first: Create Blockpit Account.
Step 2: Select "+ Integration"
After logging in, click on “+ Integration" in the top navigation.
Step 3: Select the corresponding blockchain
In the appearing integration creation dialog, select the corresponding blockchain from the list.
Step 4: Follow the on-screen instructions
You can find a detailed MM Finance Polygon setup guide here: How to import MM Finance Polygon transactions
Step 5: Wait for the data import to finish
The data import can take several minutes, depending on the number of transactions. Have a look at the import scope description of our MM Finance Polygon integration in the meantime!
Which MM Finance Polygon transactions are automatically imported into Blockpit?
Blockpit auto-labels MM Finance Polygon transaction data based on country-specific gain, loss, and income tax categories, then processes them in alignment with your national tax regulations. As a result, Blockpit can distinguish automatically among these asset classes and MM Finance Polygon transactions:
Assets
✅ Fiat (EUR, USD, CHF, etc.)
✅ Crypto (Coins & Token)
✅ NFTs (NFT Collections)
✅ Commodities (Gold, Silver, etc.)
✅ Derivatives (Tokenized Stocks, Tokenized Commodities, etc.)
Transactions
✅ All transactions provided by MM Finance Polygon
Review MM Finance Polygon transaction data in Blockpit
Blockpit seamlessly merges and organizes your MM Finance Polygon transaction data. Once all data is imported, the following features ensure clarity and assist in verifying data accuracy:
- Identifying unmerged transfers
- Flagging unlabeled transactions
- Highlighting mismatched balances
- Pinpointing potential issues
- Filtering of assets and transactions
- Access to help center guides
For an in-depth overview of Blockpit's review capabilities, refer to: Troubleshooting
What does the MM Finance Polygon tax report look like?
Blockpit's popular Crypto Tax Calculator creates the most comprehensive MM Finance Polygon tax report with pre-filled IRS tax forms, such as Form 8949 for capital gains and Form 1040 Schedule D for tax reporting. The reports include clear explanations to help ensure correct filing with the IRS and have been successfully used by many taxpayers.
Each report provides a complete overview of your balances, realized profits and losses, and can serve as proof of origin for banks or tax advisors. It includes all relevant transactions for the selected tax year, detailing timestamps, amounts, assets, costs, and fees.
Check out sample reports for the US here: Blockpit Tax Report
Optimize MM Finance Polygon taxes with Blockpit's Crypto Tax Optimizer
Save an average of 2,395$ in crypto taxes with our tax-loss harvesting tool and unique sell simulator for your crypto portfolio.
With Blockpit’s Crypto Tax Optimizer, you can track unrealized gains, losses, and holding periods for your MM Finance Polygon assets.