diff --git a/resolutions/docs.md b/resolutions/docs.md
new file mode 100644
index 0000000..75a473a
--- /dev/null
+++ b/resolutions/docs.md
@@ -0,0 +1,17 @@
+# Channel Reports
+Channel reports provide details summaries of channels that we have closed on chain, including fees and on chain resolutions required to fully finalize a channel. Note that channels that are still pending close will not be considered for channel reports; you must wait until the channel is fully resolved on chain. Since these channels are opened, closed and resolved on chain, all units will be expressed in satoshis. 
+
+## Common Fields
+- Channel Point: The funding txid: output index of of the output which created the channel. 
+- Channel Initiator: True if our node opened the channel. 
+- Close Type: The type of channel close - cooperative, local force, remote force, breach or justice.
+- Open Fee: The fees we paid to open the channel in satoshis, note that this amount will be 0 if we did not open the channel. 
+- Close Fee: The fees we paid to close the channel in satoshis, not that this amount will be 0 if we did not open the channel.
+
+### Cooperative Close
+A cooperative close occurs when one party decides that they want to close the channel, and the other is online to cooperatively sign a close transaction. When this kind of close occurs, there are no on chain resolutions because the parties agree to wait for all htlcs to clear, and sign a close transaction which pays out each party without encumbering their funds behind a time lock. 
+
+Since this close type has no on chain resolutions, there are no fields in the report aside from the common fields listed above. 
+
+Known Omissions:
+- The current implementation does not support generation of reports for channels that were created with batched funding transactions. 
\ No newline at end of file
diff --git a/resolutions/fees.go b/resolutions/fees.go
new file mode 100644
index 0000000..a0d93a2
--- /dev/null
+++ b/resolutions/fees.go
@@ -0,0 +1,77 @@
+package resolutions
+
+import (
+	"errors"
+
+	"github.com/btcsuite/btcd/btcjson"
+	"github.com/btcsuite/btcd/chaincfg/chainhash"
+	"github.com/btcsuite/btcutil"
+	"github.com/shopspring/decimal"
+)
+
+// getTxDetails is a function which looks up transactions by hash.
+type getTxDetails func(hash *chainhash.Hash) (*btcjson.TxRawResult, error)
+
+// errBatchedTx is returned when we are trying to get the fees for a transaction
+// but it is not of the format we expect (max 2 outputs, one change one output).
+var errBatchedTx = errors.New("cannot calculate fees for batched " +
+	"transaction")
+
+// totalFees returns the total fees for the transaction provided. Note that this
+// function assumes that we have a maximum of two outputs (one regular and one
+// change address, or two outputs from a cooperative close) and does not
+// calculate fees for batched transactions (where we cannot split fees between
+// outputs).
+func totalFees(details getTxDetails, txid *chainhash.Hash) (decimal.Decimal,
+	error) {
+
+	var fees decimal.Decimal
+
+	tx, err := details(txid)
+	if err != nil {
+		return decimal.Zero, err
+	}
+
+	// Do a quick sanity check that our transaction does not have more than
+	// two outputs.
+	// TODO(carla): identify change address and split fees between outputs.
+	if len(tx.Vout) > 2 {
+		return decimal.Zero, errBatchedTx
+	}
+
+	// First, we minus total outputs from our fees.
+	for _, out := range tx.Vout {
+		amt, err := btcutil.NewAmount(out.Value)
+		if err != nil {
+			return decimal.Zero, err
+		}
+
+		fees = fees.Sub(decimal.NewFromInt(int64(amt)))
+	}
+
+	// Next, we lookup each of our inputs to figure out their values and
+	// minus them from our fees
+	for _, in := range tx.Vin {
+		prevOutHash, err := chainhash.NewHashFromStr(in.Txid)
+		if err != nil {
+			return decimal.Zero, err
+		}
+
+		tx, err := details(prevOutHash)
+		if err != nil {
+			return decimal.Zero, err
+		}
+
+		prevOut := tx.Vout[in.Vout]
+		amt, err := btcutil.NewAmount(prevOut.Value)
+		if err != nil {
+			return decimal.Zero, err
+		}
+
+		fees = fees.Add(decimal.NewFromInt(int64(amt)))
+	}
+
+	// Our fees are simply the difference between our input and output
+	// total.
+	return fees, nil
+}
diff --git a/resolutions/fees_test.go b/resolutions/fees_test.go
new file mode 100644
index 0000000..c3fc401
--- /dev/null
+++ b/resolutions/fees_test.go
@@ -0,0 +1,51 @@
+package resolutions
+
+import (
+	"testing"
+
+	"github.com/btcsuite/btcd/chaincfg/chainhash"
+	"github.com/shopspring/decimal"
+	"github.com/stretchr/testify/require"
+)
+
+// TestTotalFees tests fee calculation for a transaction that we assume has a
+// single output, and perhaps a change address.
+func TestTotalFees(t *testing.T) {
+	tests := []struct {
+		name string
+		txid *chainhash.Hash
+		fee  decimal.Decimal
+		err  error
+	}{
+		{
+			name: "can calculate fees",
+			txid: txid1,
+			fee:  tx1TotalFee,
+			err:  nil,
+		},
+		{
+			name: "tx2",
+			txid: txid2,
+			fee:  tx2TotalFee,
+			err:  nil,
+		},
+		{
+			name: "too many outputs",
+			txid: txid0,
+			fee:  decimal.Zero,
+			err:  errBatchedTx,
+		},
+	}
+
+	for _, test := range tests {
+		test := test
+
+		t.Run(test.name, func(t *testing.T) {
+			t.Parallel()
+
+			fee, err := totalFees(getDetails, test.txid)
+			require.Equal(t, test.err, err)
+			require.Equal(t, test.fee, fee)
+		})
+	}
+}
diff --git a/resolutions/resolutions.go b/resolutions/resolutions.go
new file mode 100644
index 0000000..cb3e35d
--- /dev/null
+++ b/resolutions/resolutions.go
@@ -0,0 +1,205 @@
+package resolutions
+
+import (
+	"errors"
+	"fmt"
+
+	"github.com/btcsuite/btcd/btcjson"
+	"github.com/btcsuite/btcd/chaincfg/chainhash"
+	"github.com/btcsuite/btcd/wire"
+	"github.com/lightninglabs/faraday/utils"
+	"github.com/lightninglabs/lndclient"
+	"github.com/shopspring/decimal"
+)
+
+var (
+	// ErrChannelNotClosed is returned when we get a request for a close
+	// channel report for a channel that is not present in lnd's list of
+	// closed channels.
+	ErrChannelNotClosed = errors.New("channel not closed, cannot create " +
+		"report")
+
+	// ErrCloseTypeNotSupported is returned when we do not yet support
+	// creation of close reports for the channel type provided.
+	ErrCloseTypeNotSupported = errors.New("close reports for type not " +
+		"supported")
+)
+
+// Config provides all the external functions and parameters required to produce
+// reports on closed channels.
+type Config struct {
+	// ClosedChannels returns a list of our currently closed channels.
+	ClosedChannels func() ([]lndclient.ClosedChannel, error)
+
+	// WalletTransactions returns a list of transactions that are relevant
+	// to our wallet.
+	WalletTransactions func() ([]lndclient.Transaction, error)
+
+	// GetTxDetail looks up an on chain transaction and returns the raw
+	// tx result which contains a detailed set of information about the
+	// transaction.
+	GetTxDetail func(txHash *chainhash.Hash) (*btcjson.TxRawResult, error)
+}
+
+// ChannelCloseReport returns a full report on a closed channel.
+func ChannelCloseReport(cfg *Config, chanPoint string) (*CloseReport, error) {
+	// First, get our set of closed channels and make sure that the
+	closed, err := cfg.ClosedChannels()
+	if err != nil {
+		return nil, err
+	}
+
+	var (
+		closedChannel lndclient.ClosedChannel
+		found         bool
+	)
+
+	for _, channel := range closed {
+		if channel.ChannelPoint == chanPoint {
+			closedChannel = channel
+			found = true
+			break
+		}
+	}
+
+	if !found {
+		return nil, ErrChannelNotClosed
+	}
+
+	switch closedChannel.CloseType {
+	case lndclient.CloseTypeCooperative:
+		return coopCloseReport(cfg, &closedChannel)
+
+	default:
+		return nil, ErrCloseTypeNotSupported
+	}
+}
+
+// CloseReport represents a closed channel.
+type CloseReport struct {
+	// ChannelPoint is the outpoint of the funding transaction.
+	ChannelPoint *wire.OutPoint
+
+	// ChannelInitiator is true if we opened the channel.
+	ChannelInitiator bool
+
+	// CloseType reflects the type of close that occurred.
+	CloseType lndclient.CloseType
+
+	// CloseTxid is the transaction ID of the channel close.
+	CloseTxid string
+
+	// OpenFee is the amount of fees we paid to open the channel in
+	// satoshis. Note that this will be zero for the current protocol where
+	// the initiating party pays for the channel to be opened.
+	OpenFee decimal.Decimal
+
+	// CloseFee is the amount of fees we paid to close the channel in
+	// satoshis. Note that this will be zero for the current protocol where
+	// the initiating party pays for the channel to be closed.
+	CloseFee decimal.Decimal
+}
+
+// coopCloseReport creates a channel report for a cooperatively closed channel
+// where we do not need to worry about on chain resolutions.
+func coopCloseReport(cfg *Config,
+	channel *lndclient.ClosedChannel) (*CloseReport, error) {
+
+	chanPoint, err := utils.GetOutPointFromString(channel.ChannelPoint)
+	if err != nil {
+		return nil, err
+	}
+
+	report := &CloseReport{
+		ChannelPoint:     chanPoint,
+		ChannelInitiator: false,
+		CloseType:        channel.CloseType,
+		CloseTxid:        channel.ClosingTxHash,
+		OpenFee:          decimal.Zero,
+		CloseFee:         decimal.Zero,
+	}
+
+	// We pay fees based on whether we opened the channel or not, so we
+	// switch on our open initiator field (which may be unknown) to decide
+	// whether we need to get fee information.
+	switch channel.OpenInitiator {
+	// If the remote party opened the channel, we do not need to get any
+	// further information about the open and close fees, because we know
+	// the remote party paid them. We can just return our report as is.
+	case lndclient.InitiatorRemote:
+		return report, nil
+
+	// If we know we opened the channel, we fallthrough to get our open and
+	// close fees.
+	case lndclient.InitiatorLocal:
+		report.ChannelInitiator = true
+
+	// If we do not know whether we opened the channel or not, we lookup our
+	// funding outpoint with our wallet to determine whether is is ours or
+	// not. If it isn't ours, we just return the report as is. If it is, we
+	// fallthrough to get additional information about the close.
+	case lndclient.InitiatorUnrecorded:
+		report.ChannelInitiator, err = getCloseInitiatorFromWallet(
+			cfg, report.ChannelPoint.Hash.String(),
+		)
+		if err != nil {
+			return nil, err
+		}
+
+		// If we did not open the channel, we can just return here
+		// because we do not need to record any fees (we did not pay
+		// them). If we did open the channel, we fallthrough to get
+		// our fee information.
+		if !report.ChannelInitiator {
+			return report, nil
+		}
+
+	default:
+		return nil, fmt.Errorf("unknown inititor: %v",
+			channel.OpenInitiator)
+	}
+
+	// At this stage, we know that we opened the channel. We now lookup our
+	// open and close transactions to get the fees we paid for them.
+	report.OpenFee, err = totalFees(cfg.GetTxDetail, &chanPoint.Hash)
+	if err != nil {
+		return nil, err
+	}
+
+	closeHash, err := chainhash.NewHashFromStr(channel.ClosingTxHash)
+	if err != nil {
+		return nil, err
+	}
+
+	// Get the fees for our closing transaction. Since we will have to pay
+	// for the full close transaction (regardless of whether we have an
+	// output), we get our total fees for this transaction rather than for
+	// a specific outpoint.
+	report.CloseFee, err = totalFees(cfg.GetTxDetail, closeHash)
+	if err != nil {
+		return nil, err
+	}
+
+	return report, nil
+}
+
+// getCloseInitiatorFromWallet figures out whether we initiated opening a
+// channel by checking whether the opening transaction is in our set of wallet
+// relevant transactions. If it is present, we contributed funds or published
+// (in the case of psbt) the channel, so we were the opening party.
+func getCloseInitiatorFromWallet(cfg *Config, openTx string) (bool,
+	error) {
+
+	txns, err := cfg.WalletTransactions()
+	if err != nil {
+		return false, err
+	}
+
+	for _, tx := range txns {
+		if tx.TxHash == openTx {
+			return true, nil
+		}
+	}
+
+	return false, nil
+}
diff --git a/resolutions/resolutions_test.go b/resolutions/resolutions_test.go
new file mode 100644
index 0000000..136bb37
--- /dev/null
+++ b/resolutions/resolutions_test.go
@@ -0,0 +1,319 @@
+package resolutions
+
+import (
+	"fmt"
+	"testing"
+
+	"github.com/btcsuite/btcd/btcjson"
+	"github.com/btcsuite/btcd/chaincfg/chainhash"
+	"github.com/btcsuite/btcd/wire"
+	"github.com/btcsuite/btcutil"
+	"github.com/lightninglabs/lndclient"
+	"github.com/shopspring/decimal"
+	"github.com/stretchr/testify/require"
+)
+
+var (
+	hash0 = "286ddb794170fafb73450db66b911f65823567ca3f9b88adc1c67b769951d7c2"
+	hash1 = "b3ee48d811b07dd4c6c089e49587ed45d313cf2333d3588468848c4d98e5940d"
+	hash2 = "ffa0c0191f491ac5193c6626db13d78e44d8b841530058a9eeb89d8fcea26c0d"
+
+	// Create three transaction ids, which we will setup in the sequence
+	// txid2 --spends from--> txid1 --spends from--> txid0.
+	txid0, _ = chainhash.NewHashFromStr(hash0)
+	txid1, _ = chainhash.NewHashFromStr(hash1)
+	txid2, _ = chainhash.NewHashFromStr(hash2)
+
+	tx0VOutValue    = 3.1
+	tx0OtherOutputs = 1.1
+
+	// Create our first transaction, we do not need to set inputs here
+	// because we just spend from this tx in tests. We give this transaction
+	// three outputs so that it checks that we appropriately only use the
+	// value of a single output in our calculation, and so that it can be
+	// used to trigger error conditions (where we require >2 output).
+	tx0 = &btcjson.TxRawResult{
+		Hash: hash0,
+		Vout: []btcjson.Vout{
+			{
+				Value: tx0VOutValue,
+			},
+			{
+				Value: tx0OtherOutputs,
+			},
+			{
+				Value: tx0OtherOutputs,
+			},
+		},
+	}
+
+	// Set the amount that our next tx will have as an output. The fee for
+	// our first tx is therefore the original tx0VOutValue less this amount.
+	tx1VoutValue      float64 = 3
+	tx1TotalFeeSat, _         = btcutil.NewAmount(
+		tx0VOutValue - tx1VoutValue,
+	)
+	tx1TotalFee = decimal.NewFromInt(int64(tx1TotalFeeSat))
+
+	// Create tx1 which spends all of the outputs from tx0, and will be
+	// spent by tx2.
+	tx1 = &btcjson.TxRawResult{
+		Hash: hash1,
+		Vin: []btcjson.Vin{
+			{
+				Txid: hash0,
+				Vout: 0,
+			},
+		},
+		Vout: []btcjson.Vout{
+			{
+				Value: tx1VoutValue,
+			},
+		},
+	}
+
+	// Set the output amounts that our final tx will create.
+	output1Value float64 = 2
+	output2Value         = 0.5
+
+	// Our fee for our second transaction is therefore the output of tx1
+	// less our two outputs.
+	tx2TotalFeeSat, _ = btcutil.NewAmount(
+		tx1VoutValue - output1Value - output2Value,
+	)
+	tx2TotalFee = decimal.NewFromInt(int64(tx2TotalFeeSat))
+
+	// tx2 is a transaction that spends from only tx1 (value =3) and creates
+	// two new outpoints, with a total value of 2.5
+	tx2 = &btcjson.TxRawResult{
+		Hash: hash2,
+		Vin: []btcjson.Vin{
+			{
+				Txid: hash1,
+				Vout: 0,
+			},
+		},
+		Vout: []btcjson.Vout{
+			{
+				Value: output1Value,
+			},
+			{
+				Value: output2Value,
+			},
+		},
+	}
+
+	// Finally, we create channel point
+	tx1ChanPoint = &wire.OutPoint{
+		Hash:  *txid1,
+		Index: 0,
+	}
+
+	tx2ChanPoint = &wire.OutPoint{
+		Hash:  *txid2,
+		Index: 0,
+	}
+)
+
+// TestGetClosedReport tests creation of a a closed channel report.
+func TestGetClosedReport(t *testing.T) {
+	tests := []struct {
+		name           string
+		chanPoint      string
+		closedChannels []lndclient.ClosedChannel
+		error          error
+	}{
+		{
+			name:      "channel found, wrong type",
+			chanPoint: tx2ChanPoint.String(),
+			closedChannels: []lndclient.ClosedChannel{
+				{
+					ChannelPoint: tx1ChanPoint.String(),
+				},
+				{
+					ChannelPoint: tx2ChanPoint.String(),
+					CloseType:    lndclient.CloseTypeAbandoned,
+				},
+			},
+			error: ErrCloseTypeNotSupported,
+		},
+		{
+			name:      "channel not found",
+			chanPoint: tx1ChanPoint.String(),
+			closedChannels: []lndclient.ClosedChannel{
+				{ChannelPoint: tx2ChanPoint.String()},
+			},
+			error: ErrChannelNotClosed,
+		},
+	}
+
+	for _, test := range tests {
+		test := test
+
+		t.Run(test.name, func(t *testing.T) {
+			t.Parallel()
+
+			closedChannels := func() ([]lndclient.ClosedChannel,
+				error) {
+
+				return test.closedChannels, nil
+			}
+
+			_, err := ChannelCloseReport(
+				&Config{ClosedChannels: closedChannels},
+				test.chanPoint,
+			)
+			require.Equal(t, test.error, err)
+		})
+	}
+}
+
+// walletTransactions is a helper function which provides a WalletTransactions
+// function that will return the txids provided.
+func walletTransactions(txids []*chainhash.Hash) func() (
+	[]lndclient.Transaction, error) {
+
+	txns := make([]lndclient.Transaction, len(txids))
+	for i, tx := range txids {
+		txns[i] = lndclient.Transaction{
+			TxHash: tx.String(),
+		}
+	}
+
+	return func() ([]lndclient.Transaction, error) {
+		return txns, nil
+	}
+}
+
+// TestCoopCloseReport tests creation of a cooperative close report.
+func TestCoopCloseReport(t *testing.T) {
+	tests := []struct {
+		name          string
+		openInitiator lndclient.Initiator
+		initiator     bool
+		chanPoint     *wire.OutPoint
+		openFee       decimal.Decimal
+		closeFee      decimal.Decimal
+		// walletTxns is a list of transactions that belong to our
+		// wallet, our channel point should be in this list if it is
+		// expected to be locally initiated.
+		walletTxns []*chainhash.Hash
+		error      error
+	}{
+		{
+			name:          "remote opened",
+			openInitiator: lndclient.InitiatorRemote,
+			chanPoint:     tx1ChanPoint,
+			initiator:     false,
+			openFee:       decimal.Zero,
+			closeFee:      decimal.Zero,
+			error:         nil,
+		},
+		{
+			name:          "local initiator",
+			openInitiator: lndclient.InitiatorLocal,
+			chanPoint:     tx1ChanPoint,
+			initiator:     true,
+			openFee:       tx1TotalFee,
+			closeFee:      tx2TotalFee,
+			error:         nil,
+		},
+		{
+			// Refer to tx0 (which has 3 outputs) as our open tx,
+			// this indicates that our close tx was batched, which
+			// we do not currently support.
+			name:          "local initiator, batched open tx",
+			openInitiator: lndclient.InitiatorLocal,
+			chanPoint:     wire.NewOutPoint(txid0, 0),
+			initiator:     true,
+			openFee:       decimal.Zero,
+			closeFee:      decimal.Zero,
+			error:         errBatchedTx,
+		},
+		{
+			name:          "unknown initiator - lookup is remote",
+			openInitiator: lndclient.InitiatorUnrecorded,
+			chanPoint:     tx1ChanPoint,
+			initiator:     false,
+			openFee:       decimal.Zero,
+			closeFee:      decimal.Zero,
+			walletTxns:    nil,
+			error:         nil,
+		},
+		{
+			name:          "unknown initiator - lookup is local",
+			openInitiator: lndclient.InitiatorUnrecorded,
+			chanPoint:     tx1ChanPoint,
+			initiator:     true,
+			openFee:       tx1TotalFee,
+			closeFee:      tx2TotalFee,
+			walletTxns:    []*chainhash.Hash{txid1},
+			error:         nil,
+		},
+	}
+
+	for _, test := range tests {
+		test := test
+
+		t.Run(test.name, func(t *testing.T) {
+			t.Parallel()
+
+			// Create a coop-close with out outpoint and close
+			// initiator of choice.
+			chanClose := lndclient.ClosedChannel{
+				ChannelPoint:  test.chanPoint.String(),
+				ClosingTxHash: hash2,
+				CloseType:     lndclient.CloseTypeCooperative,
+				OpenInitiator: test.openInitiator,
+			}
+
+			cfg := &Config{
+				WalletTransactions: walletTransactions(
+					test.walletTxns,
+				),
+				GetTxDetail: getDetails,
+			}
+
+			report, err := coopCloseReport(cfg, &chanClose)
+			require.Equal(t, test.error, err)
+
+			// If we expect an error, we do not proceed to check our
+			// report against our expected output.
+			if err != nil {
+				require.Nil(t, report)
+				return
+			}
+
+			expected := &CloseReport{
+				ChannelPoint: &wire.OutPoint{
+					Hash:  *txid1,
+					Index: 0,
+				},
+				ChannelInitiator: test.initiator,
+				CloseType:        lndclient.CloseTypeCooperative,
+				CloseTxid:        hash2,
+				OpenFee:          test.openFee,
+				CloseFee:         test.closeFee,
+			}
+
+			require.Equal(t, expected, report)
+		})
+	}
+}
+
+// getDetails mocks lookup for a node that has knowledge of tx1 and tx2.
+func getDetails(txHash *chainhash.Hash) (*btcjson.TxRawResult, error) {
+	switch *txHash {
+	case *txid0:
+		return tx0, nil
+
+	case *txid1:
+		return tx1, nil
+
+	case *txid2:
+		return tx2, nil
+
+	default:
+		return nil, fmt.Errorf("transaction not found")
+	}
+}