fomo taxes and trade history

What fomo gives you

In the mobile app, tap the clock icon at the top of your profile to open History, which shows all account activity. Filters: All, Transfers (sends and deposits), Trades (buys and sells, including perps fills) and Cash (deposits and withdrawals). Each entry shows the type, date, amount and who it involved. Your profile also splits positions into Open and Closed; tapping one shows your average entry, the amount bought, what you paid and what you received.

On the web there is no History screen. The clock icon opens Transfers (transfers only), and your trades are in the positions table on your profile, with average entry, position, average exit and PnL per token.

fomo’s Settings list also includes a Taxes item “when it is available to your account”. fomo has no help article describing what it contains, so check your own app; we could not verify it.

What fomo does not give you

From fomo’s own documents, as of 10 November 2026:

• No export. “There is no PDF, CSV or statement export of your history, in the app or on the web.”
• No transaction hashes in History. A hash is the unique ID of a blockchain transaction; exchanges, brokers and tax tools often ask for one.
• No guarantee it is complete. Terms section 26: fomo does “not guarantee that any transaction history or report is a complete or accurate tax record. Retain your own records and obtain independent tax advice.”
• No tax advice, and taxes are “solely” yours.

How to rebuild your record

The full history of a non-custodial wallet is public. Here is the method we would use.

1. Copy your two addresses. Mobile: Portfolio tab, gear icon, Profile and Account, then tap the addresses row. Web: account menu, Manage account. You have one Solana address and one EVM address; every EVM row (Base, Ethereum, BNB Chain, Monad, Robinhood Chain, Arc, Elysium) shows the same address.
2. Look them up on block explorers. fomo names these: solscan.io (Solana), basescan.org (Base), bscscan.com (BNB Chain), monadvision.com (Monad), etherscan.io (Ethereum), robinhoodchain.blockscout.com (Robinhood Chain), explorer.arc.io (Arc). For Elysium, fomo names elysium.kinetiq.xyz in one article and says in another that Elysium has no public explorer yet. Transfers are the easiest tab to read.
3. Expect cross-chain trades to show up twice. Your cash balance is USDC on Solana. In our reading of fomo’s design, a buy of a token on Base or another EVM chain appears as USDC leaving your Solana address and the token arriving at your EVM address. Match them by time and amount.
4. Import the addresses into crypto tax software if you use it. Most tools can read a wallet address directly. Check the result against fomo’s History screen, especially for cross-chain trades, which a tool can misread.
5. Keep your own log of deposits and withdrawals in dollars, with the date. Bank deposits and withdrawals do not appear on-chain with your bank details attached.

Perps, fees and rewards need extra care

• Perps PnL leaves out fees. fomo says the PnL on a closed perps position “includes funding and does not include these trading fees”, so adding up closed positions overstates the change in your perps cash. The difference is the fees. See fomo PnL explained.
• Perps run on Hyperliquid under your fomo wallet, so your fills are recorded against your EVM address there.
• Trading fees are taken inside each trade, and on non-Solana networks you also pay network fees. Whether either reduces your gain depends on your country’s rules. The schedule is on fomo fees.
• Rewards are paid in USDC. Referral and creator rewards land in your cash balance; Solana cashback was renamed “Trading rebate” in transaction history in October 2026. fomo’s terms say program participants are responsible for the taxes on them, and fomo may request tax information and withhold where required.
• Your profile chart is not PnL. It shows total account value, so it drops when you withdraw profit. fomo calls that “the chart doing exactly what it should”.

Are fomo trades taxable?

We are not tax advisers, and the answer depends on your country. In the US, the IRS says digital assets “are considered property, not currency”, that selling, exchanging or otherwise disposing of one is reported on your return, and that “income from digital assets is taxable”. Keep records of every buy, sell, deposit and withdrawal, and ask a tax professional if your situation is not simple.

Before you close your account

Deleting your fomo account permanently removes your account data, including the history screens. Rebuild or save your records first, and export your keys. See how to delete your fomo account. JomoBench is unofficial and does not see your account.