I just discovered a problem with Binance Trade fees being recorded as a separate sell item instead of being assigned to the fee column… The Web site shows it correctly, but the underlying reports do not (I checked a few of them) So instead of reducing potential gains, it is being added to the gai…

Hi, I will be interested to see if this prompts a response from Koinly as there are number of similar posts elsewhere asking similar (but maybe different aspects) of how the software treats various items when computing gains/losses. To date it would seem that nobody from Koinly Support has provided …

[image] Wallet Transfer Costs/Capital Gains Report Koinly Support Even when I disable (the greyed out X showing) “Treat transfer fees as a Disposal” in Settings … my Capital Gains Transactions Report is still showing costs/fees for transfers between my various …

Binance has alot of issues on Koinly. It only detects cross margin and spot activity. Withdrawal fees and any fiat deposits aren’t detected my the api import. It would be great to better automate all the binance services especially Binance Earn since you can’t manually import csv files an interest o…

[image] Saulius_Ke: |14.1196524|USD|414.1196524| I think I know why this is happening. Binance / Binance.US takes the fee as crypto, not as Fiat. So if you buy 1000 XYZ at 0.1% Trading Fee, you’re paying 1 XYZ, which then gets converted into Fiat, resulting in a “capital gain/loss”. This only…

Thanks, that makes total sense and would explain what’s happening … tks. Koinly … this is something you need to fix please otherwise the capital gains/losses report is pretty unusable as far as I’m concerned and takes a whole lot of editing in excel after downloading via csv … which pretty much def…

Seems no interest from anyone at Koinly … pity.

Looking at this again, I think this is actually the correct way to do it because the exchange is charging crypto to pay the fees and not fiat. When you pay the fee using crypto, you incur a taxable event, similar to if you bought a pizza with crypto.

I am not a tax professional. AFAIK this would also depend on how your country’s tax rules are setup. If any transaction realizes profits /taxation, then the blockchain transactions should also be taxed. In some countries it can be the opposite though where only the conversion to fiat realizes the p…

Binance Trading Fee imported as Separate Sell item and thus counted Gain!?

Koinly Support

jaymdee89_2002 February 1, 2021, 3:34pm 3

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Binance Trading Fee imported as Separate Sell item and thus counted Gain!?

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