I’m attempting to build the “Universal format” CSV as suggested in this post for a service that has liquidity tokens (much like Uniswap).
My current thinking:
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If I’m providing liquidity for the ETH-USDC pool, then is it fair to say that I am “purchasing” X LP tokens for Y ETH and Z USDC. What would be the best way to represent this in the CSV? Is there a way to purchase an LP token using two currencies? Are there ways of accounting for this without a tax impact upon exchange?
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At time of withdrawal, I will then want to “sell” A LP tokens for B ETH and C USDC. Presumably, here, I would want to account for gains/losses. What would be the best way to represent this in the CSV?
Can anyone provide me with guidance?