How to handle the Luna (old) to Luna (new) situation

Like many, I got caught up in the Luna debacle earlier this year and haven’t wanted to think about it until recently. I’m now looking for advice on how to handle this for the upcoming taxes.

What is the best way to log what happened into Koinly? I tried searching but could not find a specific answer.

Should I mark my Luna (old) as lost, with the money lost as offset on my crypto gains. And should I then mark the Luna (new) that I received as part of the airdrop with the day 1 value of that marked as a profit?

How have others handled this situation?

Thanks

1 Like