I exchanged one stablecoin for another on an exchange, yet Koinly treats these stablecoin-to-stablecoin swaps as zero-cost

I exchanged one stablecoin for another on an exchange, yet Koinly treats these stablecoin-to-stablecoin swaps as zero-cost transactions for tax purposes? I incurred a loss of over 70,000 in 2025, yet it calculated a profit of 40,000 for me? It is almost entirely wrong.

Hi @11110

This most likely mean that you have missing purchase history errors on these tokens. Please refer to the two guides below:

Transactions in stablecoins show gains (or losses)


Some transactions are missing