Describe the problem:
When swapping USDT with USDC (I had recently accumulated USDT other cryptos (eg: RSR/USDT) I often get very large proceeds even when I recieve less USDC than what I held with USDT
In one instance on 12 may 2022, USDT was depegging and I swapped for USDC and received 1500 USDC tokens less than what I originally held with USDT… (Thats a loss in anyone’s books surely), however Koinly didnt see it this way.
In all these instances the convesion from a crypto coin to USDT has already created a gain/loss… so then why when I then convert USDT/USDC is it either creating another large gain or not enough losses (such as in a depegging event)
Which exchange/wallet is this regarding?
Kucoin and Metamask usually
How did you import data into this wallet?
Kucoin via an API and metamask via API
What have you tried to fix this so far?
I have no idea what to do