Question About Maintaining a Swap

Dear Koinly Team ans User,

I hope this message finds you well.

I wanted to ask how I can record or maintain a swap in your system. Specifically, I gave someone 0.2 WETH and an NFT in exchange for 5 NFTs.

I would greatly appreciate it if you could guide me on how to handle this transaction properly.

Thank you in advance for your help!

Best regards,

Hi @Jake

If there was only the ETH withdrawal and the deposit of 5 NFTs, you could simply merge the 5 transactions and Koinly would give the correct cost basis to the NFTs received.

How to merge/split transactions manually

In this case, though, you should calculate and add the worth of the WETH and the NFT spent and divide it by 5 to have the cost of each NFT. Then edit each NFT you received and change the worth of the NFTs to have the correct cost basis.