Product Update: 29th November 2020

Announcements
1

https://twitter.com/Koinly1/status/1333016342287433729

  • Now you can merge multiple deposits into the same transaction (ex. for staking rewards)

  • Added new setting that allows you to set a zero cost basis for airdrops/forks

  • Added new setting that makes liquidity transactions tax free

    • note: if you already have liquidity txns in your wallets then those will not be affected by this setting (even if you turn this on)

  • Added a new Swap label that can be applied to trades to make them tax-free (useful for LEND → AAVE and similar swaps)

    • note: this setting does not work for the Share Pooling cost method (used in UK). We are working on this.

  • Added cryptocurrency payment options

2 Likes
2

The explanation buble in the settings about this is not really clear to me. To me it’s logical that airdrops have a zero cost, why would I need a setting for this?

3

So the solution would be to delete each impacted wallet and import again?

1 Like
4

The merge function is great but does not work for costs, e.g. when you have a trade split up in multiple small trades and the trading fees appear separately, in my case Kraken fees KFEE, imported by API. I can merge the small trades but I can’t merge the small fees, why?

5

We will be updating this to also allow merging costs into a trade :slight_smile:

6

I’m no expert, but in certain jurisdictions, if you are operating as a business, you may need to declare airdrops for inventory and declare the value at the FMV upon airdrop, or the FMV at year end (whichever is lower).

1 Like
7

Are there any plans to allow loan interest and staking rewards to have zero cost as well?