TAX REPORT - Review needed

Koinly Support
#1

Hello,

When i click on TAX report it says:

Review needed

  1. [MEXC] added a day ago

When i click on MEXC it says :

  1. 4 transactions are missing purchase history

You are missing deposits/trades for some coins so Koinly has assumed you got them at zero cost. This can result in higher taxes if the amounts are large. Make sure you have imported your deposits/withdrawals/trades for all years into this wallet.

  • Missing 0.002864 USDC between 2025-01-20 15:09:00 UTC and 2025-01-20 15:23:00 UTC
  • Missing 3.06 BULL between 2025-01-23 17:18:21 UTC and 2025-01-29 17:39:15 UTC

Im really sure that i have 1000% correct transaction history BUT i gotta admit ive 3.06 Bull Token that i accidentally used on FEE which i gotta find and remove. But the USDC value is so low, its the cause of api deposit imports and manually edited swap transactions.

Before i buy my TAX PLAN i wanna know:

Can i still make a complete TAX report even when it says review needed and it falsely flags 4 transactions/deposit even thought i got for 10000000% correct? just some manually usdc swaps i created are flagging out with the USDC/USDT Swaps as -0.002864 or my 2nd guess was that this value is caused due to Swap FEES

#2

Hi @sknzk

You can still generate a complete tax report in Koinly even if the wallet shows “:warning: Review needed.” The warning is just a prompt to double-check your data, not a blocker.

If some transactions are missing cost basis, Koinly uses zero-cost basis for those, which can increase your gains depending on the missing amounts. Missing purchase history for XYZ.

  • For the BULL token fee, locate the transaction and either tag it as a Fee or adjust it manually.
  • Ignoring the small USDC discrepancy will not affect your calculations.

If you are sure your data is correct, and the differences are immaterial, you are safe to proceed with the report. Just make a note for your records in case your accountant or tax authority ever asks.

For more details:

:blue_book: How to make sure your tax report is accurate

#3

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