Invictus C20 Compulsory Redemption

Describe the problem: Earlier this year all Invictus C20 Tokens were subject to a compulsory redemption. I was given USDC.E in return for the C20 Tokens. As I prepare my Tax Report the C20 tokens still show in my wallet and the loss on them is still listed as a negative unrealised gain, based on the purchase price and the last known value of the C20 prior to compulsory redemption. How do I get my Koinly account to reflect I no longer have any C20 and received the USDC.E in exchange. In particular how do I ensure the loss is recorded as a loss for tax purposes?

Which exchange/wallet is this regarding? Invictus Wallet

How did you import data into this wallet? Automatic Sync

What have you tried to fix this so far? Nothing, have no clue what to try

Hi @AJD

You should have 2 exchanges (trades) in your wallet. One USDC.E → C20 and another trade of C20 → USDC.E when the redemption occurred. It seems like the second trade is missing so you will need to add it manually.

This approach removes the C20 from your wallet and correctly reports the loss/gain from the redemption.