Small value missing transactions

This year is the first time i’ve made large enough gains, so i need to use Koinly to help with the HMRC forms.

I have added as much info as possible from wallets and exchanges i’ve used but two are showing up as a problem

KUCOIN
68 transactions are missing purchase history

  • Total gains due to missing cost basis: 1.04 GBP

BINANCE
323 transactions are missing purchase history

  • Total gains due to missing cost basis: 592.84 GBP

These are low sums compared to other examples i’ve seen on the forum.

If i end up sending the Koinly reports to HMRC, will these cause an issue?

Hello,

When you want to generate a report, Koinly will tell you how much of an impact the missing transaction history will make on your account if you submit it as is, so it’s up to you and your accountant to decide whether that amount is negligible or not. For example in my personal case, it’s $61, now do I want to waste x amount of time fixing this for such a small amount? No. So, go over your account, talk to your accountant, and make that decision after taking everything into consideration.

If you do want to fix the issue and you decide it’s really too much to accept, then take a look at these articles and follow the steps to correct the problem.

https://help.koinly.io/en/articles/3663415-missing-purchase-history-for-xyz

https://help.koinly.io/en/articles/4066042-how-to-find-missing-transactions

Regards,

Anakin

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