# ICO Accounting Issue
**URL:** https://discuss.koinly.io/t/ico-accounting-issue/4496
**Category:** Koinly Support
**Created:** [May 6, 2021, 12:49pm UTC](https://discuss.koinly.io/t/ico-accounting-issue/4496 "2021-05-06T12:49:06Z")
**Posts on this page:** 2
**Page:** 1
### Author:  [@Fragilezim](https://discuss.koinly.io/u/Fragilezim)
#### Post date: [May 6, 2021, 12:49pm UTC](https://discuss.koinly.io/t/ico-accounting-issue/4496/1 "2021-05-06T12:49:06Z")
Hiya,
I have a cost basis issue. Its complicated and this is all pretend values:
Bought TKY 2017: I can see the amount on deposited into my wallet as worth $100,000. This has been sitting there till today. The price has tanked 90% of its value over this time period.
On Kucoin, I have another $50,000 that I bought over the years. So this was roughly at the tanked price. I want to account for this initial ICO loss this year. So what I did was transfer the 50,000 TKY onto another wallet and then transferred the ORGINAL $100,000 onto the exchange and sold it. What was odd is that the value of this transfer from cold wallet to exchange was seen as $3000.
But in my mind, the cost of that $100,000 grouping should be that, $100,000 and as a result I’ve made a loss of $90000.
I’m not seeing this on Koinly, that sale today has been costed at $20,000 and the eth value at say $2000, meaning a loss of $18,000. So significantly less that what I expected.
Am I doing something wrong here? I’m assuming even if I change the value of the TKY going to the exchange to $100,000 instead of that random $3000, it wont change that cost basis calculation?
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### Author:  [@system](https://discuss.koinly.io/u/system)
#### Post date: [November 2, 2021, 1:50pm UTC](https://discuss.koinly.io/t/ico-accounting-issue/4496/2 "2021-11-02T13:50:29Z")
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