# Gain/loss wrongly calculated on ETH to ETH2 swap **URL:** \ **Category:** Koinly Support\ **Created:** [June 24, 2021, 11:57am UTC](https://discuss.koinly.io/t/gain-loss-wrongly-calculated-on-eth-to-eth2-swap/5688 "2021-06-24T11:57:18Z")\ **Posts on this page:** 7\ **Page:** 1
**Author:** ![mindwtf](https://avatars.discourse-cdn.com/v4/letter/m/e8c25b/32.png) [@mindwtf](https://discuss.koinly.io/u/mindwtf)\ **Post date:** [June 24, 2021, 11:57am UTC](https://discuss.koinly.io/t/gain-loss-wrongly-calculated-on-eth-to-eth2-swap/5688/1 "2021-06-24T11:57:18Z")
**Describe the problem:** This is a follow-up from this thread: [Fix Please! ETH to ETH2 is NOT a taxable event](https://discuss.koinly.io/t/fix-please-eth-to-eth2-is-not-a-taxable-event/5641) 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.: ![Screen Shot 2021-06-24 at 12.49.32](https://canada1.discourse-cdn.com/flex052/uploads/koinly_app/original/2X/b/bb0bff970dad956ccef21c2921105849a4a01e0b.png) The cost analysis tab for these transactions also show a capital gains calculations - e.g. ![Screen Shot 2021-06-24 at 12.49.45](https://canada1.discourse-cdn.com/flex052/uploads/koinly_app/original/2X/8/8b7304f8aba76cc3c7492b11985791491f9a126f.png) 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. ---
**Author:** ![genxcrypto1984](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/genxcrypto1984/32/3947_2.png) [@genxcrypto1984](https://discuss.koinly.io/u/genxcrypto1984)\ **Post date:** [September 3, 2021, 10:42am UTC](https://discuss.koinly.io/t/gain-loss-wrongly-calculated-on-eth-to-eth2-swap/5688/3 "2021-09-03T10:42:26Z")
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. ---
**Author:** ![mikatachan](https://avatars.discourse-cdn.com/v4/letter/m/919ad9/32.png) [@mikatachan](https://discuss.koinly.io/u/mikatachan)\ **Post date:** [September 3, 2021, 9:27pm UTC](https://discuss.koinly.io/t/gain-loss-wrongly-calculated-on-eth-to-eth2-swap/5688/4 "2021-09-03T21:27:30Z")
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). ---
**Author:** ![tomasrc](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/tomasrc/32/3893_2.png) [@tomasrc](https://discuss.koinly.io/u/tomasrc)\ **Post date:** [July 25, 2021, 3:13pm UTC](https://discuss.koinly.io/t/gain-loss-wrongly-calculated-on-eth-to-eth2-swap/5688/2 "2021-07-25T15:13:57Z")
I do have the same issue. Any idea how to solve it? ---
**Author:** ![mindwtf](https://avatars.discourse-cdn.com/v4/letter/m/e8c25b/32.png) [@mindwtf](https://discuss.koinly.io/u/mindwtf)\ **Post date:** [September 5, 2021, 11:16am UTC](https://discuss.koinly.io/t/gain-loss-wrongly-calculated-on-eth-to-eth2-swap/5688/5 "2021-09-05T11:16:59Z")
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. ---
**Author:** ![Tim1](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/tim1/32/379_2.png) [@Tim1](https://discuss.koinly.io/u/Tim1)\ **Post date:** [September 24, 2021, 8:57pm UTC](https://discuss.koinly.io/t/gain-loss-wrongly-calculated-on-eth-to-eth2-swap/5688/6 "2021-09-24T20:57:29Z")
Thanks reporting back. Disappointing that koinly themselves have not responded here ---
**Author:** ![system](https://canada1.discourse-cdn.com/flex052/uploads/koinly_app/original/1X/7ac58e5593a7122893d066794a7254dcdb5ddb31.png) [@system](https://discuss.koinly.io/u/system)\ **Post date:** [September 24, 2021, 11:58pm UTC](https://discuss.koinly.io/t/gain-loss-wrongly-calculated-on-eth-to-eth2-swap/5688/7 "2021-09-24T23:58:05Z")
This topic was automatically closed 3 hours after the last reply. New replies are no longer allowed.