Crypto to BlockFi

Hi Guys, I transferred some ETH from my wallet to my BlockFi account. KOINLY software currently records this as a Capital gain. As these funds have not been liquidated into USD what category does this transaction file under for a manual entry to negate the capital gain record.

Any help would be greatly appreciated.

Rob

You would need to import your BlockFi information so Koinly can “match” it as a transfer. If this is not possible, create a blank wallet for BlockFi in Koinly, then manually update the transaction to a transfer instead of a withdraw. Hope this helps.

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