Blur NFT Marketplace - Purchasing of nft's using "bidding system" shows as "ZERO cost basis"

Koinly Support
#1

When using Koinly to do NFT taxes, having bids accepted on Blur is counting as 2 separate transactions. For example, buying a captainz for 5.4 eth through a bid, shows as “sent” 5.4 eth and “received” the captainz. As a result, the nft (captainz) comes up as a ZERO cost basis (instead of 5.4 eth). This problem has overestimated my gains by a huge margin.

I understand you can manually fix this, but when I have 1000+ nfts purchased through blur bids it adds alot more time onto an already time consuming activity.

Let me know what I should do, thanks!

1 Like
BLUR not picking up cost value
#3

@pumpking.eth could you share your public address so we can reproduce the wallet in a test environment?

You can either DM me, or send a message to [email protected]

#2

hey there @pumpking.eth :wave:

Hmm, yeah this wouldn’t be fun to merge manually but I am unsure if this is something we can fix in support.

I’ll get a second opinion on this and get back to you!

#4

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