How do I remove Aave deposits as taxable events?
Do I need to delete both the deposit and withdrawal? Or can i just search for the “Atoken”, e.g Alink, and delete all these at once? What is the fastest way to do it?
I would like a response to this also. Is there a way to treat Aave loans as non taxable?
Hi @jkjkjkjkjk
I am not sure what you mean by Aave deposits. If you are referring to the deposits of the LSD (liquid staking derivative) tokens, check out the below, if not, we may need more details so it would be better to reach out to our support team.
If you have staked coins with the AAVE protocol and received a new token representing your ownership of the staked token, these transactions typically appear in Koinly as trades (or you can merge them manually into trades), which may result in taxable gains. However, if you believe that these transactions are exempt from taxes, you can tag them as Swaps in Koinly to remove any gains from them. This action effectively acknowledges the transaction but does not recognize it as a taxable event.
Check out https://support.koinly.io/en/articles/9490056-staking-and-farming-tokens
I believe this also answers @shane1901’s question.