# Deposit is handled with 0.00 costs basis

**URL:** <https://discuss.koinly.io/t/deposit-is-handled-with-0-00-costs-basis/15077>\
**Category:** Koinly Support\
**Created:** [August 17, 2022, 5:22pm UTC](https://discuss.koinly.io/t/deposit-is-handled-with-0-00-costs-basis/15077 "2022-08-17T17:22:56Z")\
**Posts on this page:** 5\
**Page:** 1

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**Author:** ![Someone2](https://avatars.discourse-cdn.com/v4/letter/s/da6949/32.png) [@Someone2](https://discuss.koinly.io/u/Someone2)\
**Post date:** [August 17, 2022, 5:22pm UTC](https://discuss.koinly.io/t/deposit-is-handled-with-0-00-costs-basis/15077/1 "2022-08-17T17:22:56Z")

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**Describe the problem:**  
I have deposited ~190 USDC and then used this to buy Matic a few minutes later.  
Koinly handles this with a cost basis of 0.00 Euro which is obviously not correct.

I am using FIFO per wallet and there haven’t been any other transactions with USDC before, so there must be something wrong with this particular transaction.

 ![koinly](https://canada1.discourse-cdn.com/flex052/uploads/koinly_app/original/2X/1/1c46b7cf726d9ce1ec98f39a1294ff6cb88717d8.png)

**Which exchange/wallet is this regarding?**  
Polygon

**How did you import data into this wallet?**  
Direct sync with the blockchain

**What have you tried to fix this so far?**  
Checked the cost analysis which shows that the deposit was used for the exchange.

What can I do to fix this?

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**Author:** ![Ali\_Koinly](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/ali_koinly/32/8406_2.png) [@Ali\_Koinly](https://discuss.koinly.io/u/Ali_Koinly)\
**Post date:** [August 17, 2022, 10:06pm UTC](https://discuss.koinly.io/t/deposit-is-handled-with-0-00-costs-basis/15077/2 "2022-08-17T22:06:14Z")

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Hey @Someone2

If you expand the Exchange transaction at 6:52 PM and navigate to the Cost-Analysis tab, it should tell you in this section which Lot of USDC it is taking into consideration when calculating the p/l.

FIFO will use the first lot of USDC you have invested in, here it looks like you want Koinly to apply the 157EURO cost basis - that would be LIFO (Last in, First Out).

It’s difficult to say without investigating this further in your account but from a glance, it seems that it’s treating that deposit of USDC as though you got it for free. Was it a transfer from a different wallet, or perhaps a purchase/conversion from FIAT?

Some more info would be useful, but it would be best if you got in touch with us via email so we can take a look at the account in more depth. 👍

Best,  
Ali 🚀

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<div class="post-metadata">

**Author:** ![Someone2](https://avatars.discourse-cdn.com/v4/letter/s/da6949/32.png) [@Someone2](https://discuss.koinly.io/u/Someone2)\
**Post date:** [August 18, 2022, 8:13am UTC](https://discuss.koinly.io/t/deposit-is-handled-with-0-00-costs-basis/15077/3 "2022-08-18T08:13:45Z")

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Thanks for the quick reply.

I searched through the previous transactions, and I think I found the issue:

When adding liquidity, those AM3CRV tokens are worth ~1 USDC. But later they have a cost basis of nearly 0:

 ![Screenshot 2022-08-18 at 10.08.56](https://canada1.discourse-cdn.com/flex052/uploads/koinly_app/original/2X/e/e35b5cc0766524a5acdb98a2eb04fbceac3271e8.png)

What’s the best way to fix this?

Thank you!

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<div class="post-metadata">

**Author:** ![Ali\_Koinly](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/ali_koinly/32/8406_2.png) [@Ali\_Koinly](https://discuss.koinly.io/u/Ali_Koinly)\
**Post date:** [August 28, 2022, 10:19pm UTC](https://discuss.koinly.io/t/deposit-is-handled-with-0-00-costs-basis/15077/4 "2022-08-28T22:19:20Z")

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@Someone2 hey there!

Sorry for the delayed response, could you email live support so we can take closer look for you?

Mention this thread in your email 🙂

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**Author:** ![system](https://canada1.discourse-cdn.com/flex052/uploads/koinly_app/original/1X/7ac58e5593a7122893d066794a7254dcdb5ddb31.png) [@system](https://discuss.koinly.io/u/system)\
**Post date:** [August 29, 2022, 1:20am UTC](https://discuss.koinly.io/t/deposit-is-handled-with-0-00-costs-basis/15077/5 "2022-08-29T01:20:16Z")

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