Hows does Koinly handle setting up of Nodes? When I setup a node by Sending Strong Tokens Koinly treats it as a sell. In reality this is not a sell as I haven’t received anything for setting up a node.
Please advise.
Hows does Koinly handle setting up of Nodes? When I setup a node by Sending Strong Tokens Koinly treats it as a sell. In reality this is not a sell as I haven’t received anything for setting up a node.
Please advise.
I’m looking into this too. There’s an option to manually add a tag as a “Cost” which seems right to me as opposed to sending it to a Pool as we don’t get them back.
Anyone from @koinly care to answer?
Update - I used Cost for each node purchase. When claiming rewards you’ll notice a deposit for each node amount, I.e if you’ve got 6 nodes there’ll be 6 deposits. I tagged each one as income.
When you look at Tax Report it’ll make sense.
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