# Settings Wallet based cost-tracking

**URL:** <https://discuss.koinly.io/t/settings-wallet-based-cost-tracking/765>\
**Category:** Site Feedback\
**Created:** [December 2, 2020, 6:04pm UTC](https://discuss.koinly.io/t/settings-wallet-based-cost-tracking/765 "2020-12-02T18:04:48Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![David](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/david/32/293_2.png) [@David](https://discuss.koinly.io/u/David)\
**Post date:** [December 2, 2020, 6:04pm UTC](https://discuss.koinly.io/t/settings-wallet-based-cost-tracking/765/1 "2020-12-02T18:04:48Z")

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I bough eth on coinbase for 1000 (example number), then I sold it for 1080, still Koinly would report I made a loss, in the cost calculation you would see ETH I bought on Coinbase and ETH I bought afterwards on Bitpanda, so I suppose because of FIFO some calculation is made that leads to this. This all is really confusing and I don’t know if it’s actually correct. I know I made a gain on Coinbase, but Koinly will report a loss. If I change in the settings “Wallet based cost-tracking” to enabled now I would see the gain instead of a loss BUT I now also see that my total loses of the year goes up by ~10%, only because of enabling this setting, this doesn’t make sense to me. Please explain this to me.

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**Author:** ![koinly](https://avatars.discourse-cdn.com/v4/letter/k/49beb7/32.png) [@koinly](https://discuss.koinly.io/u/koinly)\
**Post date:** [December 4, 2020, 1:15pm UTC](https://discuss.koinly.io/t/settings-wallet-based-cost-tracking/765/2 "2020-12-04T13:15:39Z")

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Please see this article: [https://help.koinly.io/en/articles/3661351-cost-tracking-method-explained](https://help.koinly.io/en/articles/3661351-cost-tracking-method-explained)

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**Author:** ![forest](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/forest/32/391_2.png) [@forest](https://discuss.koinly.io/u/forest)\
**Post date:** [December 4, 2020, 10:00pm UTC](https://discuss.koinly.io/t/settings-wallet-based-cost-tracking/765/3 "2020-12-04T22:00:34Z")

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That’s interesting. Does anyone know if HMRC in the UK allows either option? It would seem too easy to be allowed to choose whichever method resulted in less tax to pay! I would have thought that HMRC would not allow wallet based cost-tracking, can anyone confirm?

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**Author:** ![Isma\_Chefe](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/isma_chefe/32/5905_2.png) [@Isma\_Chefe](https://discuss.koinly.io/u/Isma_Chefe)\
**Post date:** [December 28, 2021, 12:11am UTC](https://discuss.koinly.io/t/settings-wallet-based-cost-tracking/765/4 "2021-12-28T00:11:37Z")

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i tried to change that on settings and reverts back to off, I’m also in UK.

I bought stuff in 2019 sold in 2021, and says that I had a loss when I had almost 10x profit  
doesn’t make sense to me