Hi, would just like some advice on if non active empty wallets and non active exchanges are required from previous years at all after all crypto is sold and new investments purchases creates new acquisition costs.
Thanks.
Koinly needs your entire transaction history across all wallets even if some of them are inactive at the moment since the transactions in those wallets may be used to set up the cost basis of your tokens in the following years.
Hi Aria, i’ve sold all my cryptos with very minimal amounts left and re- brought Btc only, would this of reset my cost basis and acquisition?
Any acquisition or disposal can affect your cost basis. This, however, depends on your cost-basis method. Check out the blog post below:
Thank you for the help.