I realize that not every company has the support staff they need to answer questions in real time, I took a reasonable amount of time to search for an answer but couldn’t find an answer.
The figures I am using here are not real, but they are proportional to my real scenario.
- I invested $1,000 into crypto since 2017 until now.
- In 2021, I withdrew $1,000 by selling various assets.
- Koinly reports $1,000 in capital gains for 2021 tax season.
While I understand that the value of digital assets fluctuates wildly, what is the most effective way of validating that the initial investment was properly accounted for by Koinly? I want to make sure that the investment is subtracted from my capital gains properly. Some of the sells were on LT and some on ST assets.
I would buy the report. But if I am going to have to manually validate every transaction anyway, I don’t need that report.