Koinly Tax Form 8949

Tax Questions
#1

Hello, this is my first time using Koinly. On the Capital Gains and Losses form 8949, my proceeds and costs seem WAY off. Its in the several hundreds of thousands. I did some digging and it says the Koinly aggregates all buy and sells when there are too many transactions.

is this a problem when filling?
should i look at another tax software?
can I an un aggregated form?

#2

Hey,

Acquisition cost/proceeds from sale are usually high, and it likely does not mean what you think it means, learn more here -

https://support.koinly.io/hc/en-us/articles/9919697560732-Proceeds-from-sales-acquisition-costs-are-very-high

We can aggregate 8949 if you dont want an itemised list, just reach out to support on [email protected] to request this.

#3

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