Incorrect acquisition dates in tax reports

[mikeforcl]

I’ve noticed that acquisition dates are being incorrectly reported on all my Coinbase and Binance transactions. Both exchanges were connected via API although I had to manually add many of my entries for Binance as their API is broken. This is throwing off my short/long term holding periods.

Coinbase
Purchased some LTC on 1/23/22 and this is reflected correctly on the transaction in the Koinly GUI. I sold this at later dates. On my tax reports the sale dates are correct but the date acquired is report as 1/19/22 which is several days off.

Binance
I made several purchases of ETH and BTC throughout 2022 spanning most of the year. ALL of these are reporting acquisition dates of 2/10/21 and 2/6/21 the previous year? This appears to be related to the fee for the purchase so I don’t understand where this is coming from. Wouldn’t the fee be on the same day the currency was acquired?

[Ali_Koinly]

Hey @mikeforcl

The acquisition dates/sold dates are aggregated.

The acquisition date is the last date you acquired the asset throughout the trading period, and the date sold is the first date the asset was sold.

I hope that clears it up!

You can download the Capital Gains Report for an itemized view of all disposals which are not aggregated.

[mikeforcl]

Hey Ali,

I was referring to my capital gains report to begin with. It is showing my acquired date being a year prior to me ever owning the assets. For some reason it is marking the fees this way. I’ve attached a screenshot below. Am I not understanding this correctly? Many of these fees are showing as a capital gains.

[Ali_Koinly]

The fees paid here come from a “lot” of investment, this fee which was used came from the acquisition of the asset on the date listed.

This sounds like the accounting method is deciding the lots.

DM me your email address for Koinly and I can post back with screenshots/clarification.

Best wishes