# Sold crypto and the costbasis is way to high?

**URL:** <https://discuss.koinly.io/t/sold-crypto-and-the-costbasis-is-way-to-high/21049>\
**Category:** Koinly Support\
**Created:** [June 24, 2024, 5:10am UTC](https://discuss.koinly.io/t/sold-crypto-and-the-costbasis-is-way-to-high/21049 "2024-06-24T05:10:10Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![Felix](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/felix/32/11976_2.png) [@Felix](https://discuss.koinly.io/u/Felix)\
**Post date:** [June 24, 2024, 5:10am UTC](https://discuss.koinly.io/t/sold-crypto-and-the-costbasis-is-way-to-high/21049/1 "2024-06-24T05:10:10Z")

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**Describe the problem:**  
Hey i am from Sweden and sold BTC recently. I want to preview the calculated profit by looking at the transactions in Koinly. The problem is that it calculates only a minor profit/ loss when i though it would be a large profit. It seems like koinly might calculate the costbasis of the coins from when i moved them from my hardware wallet to Coinbase?

**Which exchange/wallet is this regarding?**  
Coinbase

**How did you import data into this wallet?**  
Auto

**What have you tried to fix this so far?**  
Looking through transaction history to see if something is off.

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**Author:** ![Carl\_Koinly](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/carl_koinly/32/854_2.png) [@Carl\_Koinly](https://discuss.koinly.io/u/Carl_Koinly)\
**Post date:** [June 24, 2024, 5:30pm UTC](https://discuss.koinly.io/t/sold-crypto-and-the-costbasis-is-way-to-high/21049/2 "2024-06-24T17:30:52Z")

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Hi @Felix

Thanks for your message. 👋🏻

If you haven’t already you’ll need to import your hardware wallet transactions so that Koinly knows you only transferred the BTC and didn’t dispose of it:

[https://support.koinly.io/en/articles/9489983-how-to-import-data-from-hardware-wallets-ledger-trezor-etc](https://support.koinly.io/en/articles/9489983-how-to-import-data-from-hardware-wallets-ledger-trezor-etc)

That way your cost-basis will be carried through correctly from when you acquired it. 👍🏻

Once imported, it should change any Send/Deposit transactions to Transfers.

I hope that helps! Please let me know if you have any other questions or need help with anything else. 😊

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**Author:** ![system](https://canada1.discourse-cdn.com/flex052/uploads/koinly_app/original/1X/7ac58e5593a7122893d066794a7254dcdb5ddb31.png) [@system](https://discuss.koinly.io/u/system)\
**Post date:** [August 23, 2024, 5:31pm UTC](https://discuss.koinly.io/t/sold-crypto-and-the-costbasis-is-way-to-high/21049/3 "2024-08-23T17:31:25Z")

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