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and turned out I was tracking it that way mentally but according to FIFO the ones I already had were going out first. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. It's impossible to have a correct tax report without this feature. The Hodler version of Koinly costs $99 per year. And that's it. They are still working on adding NFT support for other chains like SOL, WAX, XTZ, etc.To add NFTs that Koinly doesnt support, see How to manually add NFT trades. In Australia, although it is referred to as Capital Gains Tax, there is no separate tax and any gains you make will be assessable income subject to Income Tax. The cost basis is way too low, as I know I didn't buy ETH for 170! Or is just woefully bad at security and/or actually doing the job. Many of the exchanges have LOTS of errors, Koinly's expert review was entirely worth the higher price tag. New tokens are automatically added once they start trading on exchanges. Cost basis / calculations. Koinly Reviews | Read Customer Service Reviews of koinly.io - Trustpilot When you create a new ETH, BSC, or Polygon wallet, Koinly can automatically import all trades and liquidity transactions from Uniswap, Sushiswap, Cream, Value, Balancer, PancakeSwap, and many other DeFi platforms. Learn more about it in our crypto tax guide. August 24, 2022. If you are And their customer service is top notch! Affiliate partners cannot pay CaptainAltcoin to guarantee favorable review or higher ratings on the website. CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. It's been a tough couple of years, but it's now becoming more natural each and every day. Complete transaction history There is a record, the software is not pulling the info correctly. . There are feature requests for these independently - lock tax year which includes cost basis used. for a deposit txn of GN https://etherscan.io/tx/0x654d6702bd1fd7969851c36762c28b90f92c50be77e04b4b6d601c7713523172. I put the main exchanges into Koinly using API, and it comes up with some very weird stuff. Yes, it is safe to connect Koinly to Coinbase or any other exchange since Koinly only requires read-only API rights to work. I had an similar issue of having my manually editted cost-basis not functioning correctly. This link should be helpful https://koinly.io/blog/calculate-cost-basis-crypto-bitcoin/. It recognizes and calculates needed info from your mining, staking, margin trading, lending, borrowing activities. Hodler and Trader - $99 or $179. No, Koinly does not share information with anyone. thanks. Data Protection ICO registration number: * $99 for 1,000 transactions. Read Customer Service Reviews of koinly.io | 3 of 46 - Trustpilot By submitting, you agree to the Finder Privacy and Cookies Policy and Terms of Use, Level 2, 20 St Thomas St, Koinly is the leading cryptocurrency tax calculator - what Binance is among crypto exchanges, Koinly is among crypto tax software. Koinly complies with all the applicable tax laws in a host of different countries. CaptainAltcoin.com 2022 - All Rights Reserved Koinly is a popular cryptocurrency tax software that helps out with this conundrum (as most traders have a lot of crypto transactions = taxable events to deal with) in an easy and automatic way. Thank you! Free. The software and service I receive at Koinly was second to none.