Distinction between some tags, for German tax and in general

[0xrf]

Hi,
I have just started using Koinly, have finished importing my wallets and exchange accounts, and finished reading through the Tax Guide Germany.
But now I am confused about how to tag things correctly to get the right result.
Firstly, I have done some swaps, but if I tag those crytpo-to-crypto-trades as swaps, Koinly will stop treating the price evolution of the source currency as realized gains. But according to German tax law it clearly should. The related portfolio setting is also active by default.
Secondly, what is the distinction between the tags “reward” and “other income”, both in general, and in particular as to how those transactions get considered in the tax report for Germany. Relevant scenarios for me are the rewards for opening accounts at exchanges, rewards for delegating GRT to indexers (should be treated as staking rewards I guess), and rewards for doing random tasks like learning quests on Coinbase. I’m not sure which of those should be tagged as what kind of deposit.
Any help is appreciated

[Carl_Koinly]

Hi @0xrf

Thanks for posting and I hope you had a good weekend.

The Swap label is only for trades that you want to be non-taxable. People use it for trades like ETH → WETH where they believe wrapping tokens isn’t taxable, or where a token has had a change of contract/name. If yours are just normal trades, you don’t need to tag them, they should just be seen as ‘Exchange’.

The Rewards and Other Income tags actually do the same thing, it’s just so you can tag your transactions in a more custom way. Anything you tag as Reward/Other Income/Airdrop etc. will all end up in the ‘Income’ section of the tax report so the amount can be reported all together when you file.

I hope that helps!

[0xrf]

Yes, that clears it up perfectly, thank you