ETH to ETH2 is not a taxable event, and that thread suggests tagging the ETH>ETH2 transactions as swaps so no gain/loss calculation is done on them.
I checked my transactions, and confirmed that my ETH to ETH2 were tagged as swaps, to ensure gain/loss is not calculated. However, the transaction shows a profit in green - e.g.:
The cost analysis tab for these transactions also show a capital gains calculations - e.g.
So I’m confused - is there a setting I need to turn on so that gain/loss is not calculated on my swaps?
Which exchange/wallet is this regarding?
In my case, Kraken
How did you import data into this wallet?
API Sync + manually tag as swap
What have you tried to fix this so far?
Tried removing then re-adding the swap tag on the affected transactions, but that doesn’t change anything.
Exactly the same issue with staking 1Inch, manually entered as a swap (not exchange). Koinly is calculating the swap as a gain. Have not as yet found a way to fix this so some feedback from Koinly would be good.
I’m not sure how much you’re swapping, but could you be realizing a capital gain/loss on the fees? I did the same thing on KuCoin, and since I paid fees in ETH, those fees are causing me to realize a capital gain. Otherwise, you’re right, swapping shouldn’t cause a gain/loss (minus the fees which do).
FYI I ended up getting in touch with support directly, and they advised to do the following:
To be able to show this correctly you will need to edit the worth of the transaction.
You can set the worth equal to the displayed cost-basis so that no gains will be realized.
They did admit it was a workaround, but it should be fixed on their end in the future.
