Borrowed USD appears in ledger but not reflected in FTX wallet value

Tax Questions
#1

I have a negative USD Balance in my FTX Ledger but it shows up as zero in my FTX wallet. Koinly recognizes the discrepancy and flags it in the wallet totals. This came about as I provided BTC as collateral and borrowed USD to trade the FTX PERP contracts.

Does this mean that my tax reports show a higher value of crypto held than I actually hold and what are the tax implications for this?

#4

This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.

#3

@Dennis_Reardon

Hey Dennis!

Could you get in touch via support so we can dive in and take a look at your account please?

If you could email [email protected] and mention this thread in your message, we will pick it up :slight_smile: