Original acquisition date on transferred tokens not being preserved

[Michael_Ferguson]

Koinly appears to reset the acquisition date (and as such the holding period) on tokens that are transferred between wallets/exchanges. This has ramifications for CGT disposal events of these tokens, as it effectively means the acquisition dates on these tokens are later than they should be, and can preclude someone from claiming 12 month CGT discounts on disposal of these tokens because the original earlier acquisition date is lost and reset to the last time the tokens were transferred between wallets/exchanges.

This had originally been queried in this post here, but this was not responded to and is now closed:

Wrong acquisition dates when using wallet based cost tracking?

Describe the problem: I’m a new user of Koinly, I just noticed that Koinly has the following behavior at least when using wallet based cost tracking: If you buy 1 BTC on day X, and then transfer that 1 BTC on day Y to a different exchange, and then later sell that 1 BTC in that new exchange (on day Y or later), then in “cost analysis” Koinly will not show that the 1 BTC was acquired on day X like it was, but it will claim that it was acquired on the day it was deposited to the exchange (i.e. d…

Is there guidance around how original acquisition dates (and as such the longer holding periods) on tokens that are transferred between exchanges/wallets can be preserved?

Thanks,
Michael

[Ali_Koinly]

Hi @Michael_Ferguson

Sorry to ask, but are both wallets added to Koinly? The acquisition date should be preserved if a transfer is documented correctly in Koinly.