Hi,
I have 2 transactions dealing with token ‘CV’ for instance in my ETH wallet:
A transfer transaction of 1000 ‘CV’ tokens from an exchange to my wallet.
A deposit transaction in the same wallet that distribute 30,000 new ‘CV’ tokens base on the first transaction of 1000 ‘CV’ tokens, with the ratio of 1:30.
The ‘CV’ token balance shown on Koinly is 31,000 ‘CV’, although only 30,000 are valid.
I tried to use ‘swap’ but it gives the following error “From currency should not be same as To currency” ,
Meaning i can’t swap to a coin with the same ticker name i.e ‘CV’.
Unfortunately the swaps tokens are with the same ticker i.e ‘CV’ but different contract address.
How do i make my balance show only 30,000 ‘CV’ tokens?
Hi,
Yes, uploaded.
Tough please let me make the question even simpler now that i am thinking about it.
On the screenshot you will see 2 deposit transactions both with the same 9 YEED
tokens.
One transaction is the ICO second is the swap to a new contract/address distributing new coins.
You can delete the lower transaction as long as the dollar value is same for both YEED. if its not than to carry forward the cost basis, you can manually change the value of coin on the top as price paid for the initial ICO.
OK, great i can understand what you are saying and the logic.
So let me see if i understand the process correctly trying it on a different though almost similar situation.
In the below screenshot i have 3 transaction:
transfer CV tokens from an exchange
CV airdrop
3.New token distribution/swap of the previous CV tokens making the previous invalid.
So according to what you explained i should:
Delete the transfer and airdrop transactions and on the deposit transaction i should update the CV tokens net worth to the sum of the previous 2 transaction.
Is that correct?
I see the ticker for both coins are the same. And values add up to 1170 total coin, You have to just delete the upper most transaction and you should be good. For tax purpose it does not matter and koinly sees all the coin as same coin.
Technically its just a duplicate transaction for Cost calculation.
Thank you sir. I am learning so much.
Though i am still struggling with my first question .
All the transactions i have posted always sum up to the same number.
Though what do i do when the numbers are different like in the below transactions:
Transfer 10 SEELE from an exchange.
Deposit(SWAP) of 697 SEELE tokens on the base of the 10 SEELE tokens (ratio of 1:69.7).
The rest of the Pool transaction are sending those new tokens into staking thus i can’t delete those transactions.
So according to what i have learn until now. I should delete the Transfer transaction.
But that’s create another problem which is there is no record from were i bought the SEELE tokens at first thus i miss paying TAX for the buying of the SEELE token.
So what i was thinking is change the net worth of the Deposit transaction to the net worth of the bought 10 SEELE tokens.
I hope i got it right. did i?
Thanks again for your patience and i promise it’s the last one:).
