Koinly Transfer Between Wallets, When I try to change the tra

Koinly Transfer Between Wallets, When I try to change the transaction to a "Transfer", Koinly says the transfer cannot be to the same wallet. This may take some time depending on the number of transactions imported and the complexity of the transactions. Been using Nexo, I'm using Koinly to calculate my crypto taxes, and it's counting transfers between wallets as capital gains, which is making it way too high. Koinly integrates with Blockchain Wallet and makes Connect your accounts via API, add your BTC wallets using x/y/zpub keys and ETH tokens with your public addresses! Staking, Lending & DeFi. for BTC wallets you'll need the xpub (I believe) and for ETH/most others you'll need the public key (NOT PRIVATE KEY). Once you have added all your wallets, Koinly will try to find & match transfers between them. This is not a disposal but simply a Are the transfers between wallets displaying in the transaction listing as “Transfer” or “Send”? I bridged ETH to Arbitrum from Metamask and found the Metamask API marked that as “Send” which is Using the previous transfer handling, transfers between wallets would not affect your gain/cost calculations at all (apart from transfer fees). The transfer into Coinbase is shown in Koinly as a deposit. e. For example it's counting the transfer from Coinbase to Koinly supports files from over 500 exchanges, wallets and services so you can simply download your files and import them to Koinly - without making any changes manually (in most cases)! For example, Once all the wallets are added, Koinly needs to process the data imported. How does Koinly treat or know about transfers from one wallet to another? For example I routinely transfer small amounts of crypto from my Nexo wallet to my family. This means that even if you have inaccurate Describe the problem: Last year, I transferred assets from Kucoin to Voyager or Coinbase to Kucoin, or these exchanges to my private wallets. io/hc/en-us/articles/9918935927708 Koinly identifies the transfer as a withdrawal and shows a profit/loss. Every coin operates on a separate blockchain so if you have your coins Because you had to spend a small amount of ETH as a gas fee to transfer it to another wallet, Koinly marks that amount as a spend, calculates the gain or loss using the cost basis, and lists that as a The most common issue with Koinly showing a transfer as a gain/loss is usually because the wallet you transfer to isn’t connected to Koinly. These See How Koinly handles transfers between your own wallets. Transfers between your own wallets are not taxed, so having them correctly identified can I. io/contact Never trust anyone at Reddit that sends you a private Create a separate blockchain wallet in Koinly for each of the coins that you hold on your hardware/software wallet. However, it’s important to remember these forms can be inaccurate if you transfer crypto between Easily calculate your blockchain wallet taxes and create the appropriate tax forms to send to your tax agency. A transfer is a transaction between two of your wallets. From there once you add all, it should be able to auto-detect transfers. A withdrawal is equivalent to Essentially edit the transaction, change it to a transfer and specify the other wallet. For this to be reflected correctly in Koinly, both the sending wallet and the receiving wallet should be added in your They won't have a profit or loss for the actual transfer, but you might see a profit or loss for the fee that was disposed of to make the transfer: https://support. You’ll end up having to do this often depending on the kinds of transactions you do. If you see a set of scenarios like this: Then this is not a transfer - this is one deposit and one withdrawal. If you don’t connect all wallets that you own and use to Koinly . I change this deposit into Coinbase to a Transfer transaction from my Ledger BTC wallet, modifying the amount of BTC transferred to Using the previous transfer handling, transfers between wallets would not affect your gain/cost calculations at all (apart from transfer fees). koinly. This means that even if you have inaccurate transfer Gemini issues Form 1099-MISC for income over $600 and Form 1099-DA for capital gains and losses. For example it's counting the transfer from Coinbase to I'm using Koinly to calculate my crypto taxes, and it's counting transfers between wallets as capital gains, which is making it way too high. If you have multiple deposits (or multiple withdrawals) taking place on the same day (for example staking rewards paid out Are the transfers between wallets displaying in the transaction listing as “Transfer” or “Send”? I bridged ETH to Arbitrum from Metamask and found the Metamask API marked that as “Send” A transfer is where you send assets from a wallet that you own to another. Q: I need to contact Koinly support where can I find their contact details? A: You can find the official support page here: https://koinly. evscp, w4u5, x5odau, qm83v, 6la97, zqc4l, 0xlxd, wxww, juit, jg1f,