Hi Koinly Team,
last year eToro has introduced it´s cryptocurrency wallet.
If a crypto position in your “normal” eToro account
meets certain conditions you are able to transfer
the underlying asset to the wallet.
I personally feel quite doomed because i have
done this, plus i have sent some of my crypto
to my other accounts, f.e. Binance and i did a
wallet internal trade between two cryptocurrencies.
So my eToro wallet is inevitably linked and mixed inside
my entire crypto tax report, however, on Koinly, i can´t document this
properly yet.
In my opinion the eToro wallet needs to be added
as it´s very own instance for the users documentation in Koinly.
The eToro wallet pretty much acts as it´s own depot since i can not only
send/receive crypto, i also can exchange crypto for crypto,
which i did.
My Binance and Bitpanda depot as shown in Koinly has
some deposits referenced.
I know which ones are from my eToro wallet.
To wrap it up we probably need:
- „Transfer to Wallet“ being recognized by the „normal“ eToro .csv/.xlsx Import with the fixed eToro fees (f.e. 0,006 ETH),
- The ability to manually enter the blockchain transaction coming as a consequence of„Transfer to Wallet“ into a „eToro Wallet“ depot inside Koinly,
- The ability to manually enter trades manually for the eToro wallet,
- The ability to manually enter the adresses of the eToro wallet,
- The ability to manually enter the withdrawals from the eToro wallet and linking them to other depots,
- All of this correctly calculated from the taxes/Koinly point of view in the end given the case there is something to be considered the normie like me doesn´t quite know,
I would like to leave this article in this context:
https://medium.com/trade-report/etoro-and-your-tax-return-ca1a3642cbff
Maybe there is a workaround to this.
Does someone know how to work this out on Koinly?
This is my first crypto tax report and i dont want to mess things up.
If i do it will most probably hurt for the coming years because everything is pretty much based on the
first year.
I i forgot something i will most probably edit or comment.
thank you!