![]() Realized P&L: use for futures, contracts and options trades, this lets Koinly know to treat the entire transaction as profit or loss.You’ll still realize a profit or loss from the transaction, but they’ll show up in the expense section of your report and may be tax deductible. Cost, interest payment and margin fee: Use these tags as appropriate for your expenses.Sent to pool: use this tag when you’ve sent crypto to staking pools - not liquidity pools, these are taxed differently.Lost: you can claim lost or stolen crypto as a capital loss in many countries.Gift: tag any gifts of crypto - in many countries, this is tax free.Received from pool: use this tag when you remove crypto from staking pools - not liquidity pools, these are taxed differently.Income: tag any income you make in crypto so it’s correctly marked in your report.Loan interest: loan interest is always treated as income and separated out in your report.Reward: tag staking rewards, referral bonuses and other kinds of rewards.Mining: you can adjust whether mining is treated as income in your settings.Fork: tag any coins from hard forks, you can treat these as income in your settings.Airdrop: tag any airdrops, you can treat these as income in your settings.Use the tags as they apply to your country’s crypto tax rules ( find your crypto tax rules): Check any warnings on the tax reports page, just above your tax summary.ĭifferent transactions have different tax treatment - so it's important your transactions are tagged correctly in Koinly so it can generate an accurate tax report.Use the warning filter to check for any missing costs or missing rates.Filter your transactions by deposits and withdrawals and check there aren’t any large transactions which are actually transfers.You don't need to double-check everything, but we recommend the following: Check your imported dataĪPIs can be limited in the data they return and CSV files may be missing tags for certain transactions. If there’s an issue with a specific wallet, Koinly will flag it with a small yellow icon - select the icon to find out what the issue is and how to resolve it. ![]() Koinly needs your entire transaction history - so make sure you’ve connected every single wallet, exchange and blockchain you use with Koinly, however many you're using! Here's how: Sync all wallets, exchanges and blockchains Koinly is pretty smart - but incorrectly imported data can cause problems, so you should always check through your imported data to ensure it's accurate. How do I check my IOTA import is accurate?
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