Coinbase vault short/long term gains

Tax Questions
#1

Is Koinly able to read Coinbase Vault balances? If I keep cryptos in vault for over a year and I decided to withdraw and sell. Does Koinly know to count it as long-term capital gains? Thanks.

#2

Hi R111 :wave:t2:

Thanks for your message. :+1:t2:

Koinly isn’t able to read Coinbase Vault balances, but there is a way to keep track of the tokens correctly.

You can apply the ‘Sent to Pool’ and ‘Received from Pool’ tags to maintain the original acquisition date of your tokens. You would simply apply these tags to the transactions where you’ve sent tokens to the vault, or got them back.

I hope that helps! :blush:

#3

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