Just joined Koinly today and imported a ton of Metamask transactions. I live in Canada, in case that matters.
I notice that all the gas fees come up as separate transactions, and the cost basis of my ETH is compared to the value of the ETH spent on gas, and since ETH has been rising, each transaction is causing some “profit.” See the image at the bottom.
This seems wrong to me, mainly because the ETH cost is irrespective of the fiat value of the ETH. It’s denominated in ETH at all times. And it’s purely a fee.
Is this right? Or is it wrong and I need to fix it somehow?