No-Sell/Swap Withdraw from Exchange Says Profit $2k in Koinly

Tax Questions
1

Hi,

There was no sell or swap - just transferring from one exchange to another. I wasn’t aware this was a taxable capital gain. Is Koinly software just stating the profit that accrued before withdrawing or is it saying the profit is a capitol gain and taxable?

Thanks,
joe

2

Hi, i could be wrong but check the transactions from when you transferred the coins from one exchange to another, Koinly may have interpreted the transfer as a withdrawal. if it has just Edit the transaction from Withdrawal to transfer, and add the wallet/exchange you transferred then too.

i had the same when i sent coins from Coinspot to my exodus wallet.

3

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