Dashboard shows ~14k cost basis, tax export shows ~30k. Is this just a case of me being ignorant and not understanding what I’m looking at?
I’ve got the same problem. The cost basis in the tax report is nearly double the one on the Dashboard.
i see the same but have ignored the dashboard numbers. If you export the capital gains report and add all the cost basis the number is correct as opposed to the dashboard. So maybe the dashboard cost basis number is “not correct”/“buggy”. can koinly support clarify the same ?
My theory is as follows:
if u export the capital gains report and add up the cost basis column , the numbers are way higher than what is captured on the dashboard as it basically considers every fiat->crypto and crypto->crypto as individual trades and just adds up all of them. I have a hunch the dashboard numbers shown are less as they may be ignoring the crypto->crypto trades even though their pop-up says “every crypto to crypto trade is considered a new investment…” OR the cost basis shown in the dashboard is the current value as of now not the net summary of cost basis as reported by capital gains report. I think it is the latter as the cost basis on the dashboard does not change whenever u change the time period of reporting. Need koiny support to confirm or deny this . IRS cares less about these numbers anyways but a high cost basis could raise a few eyebrows lol
found this snapshot from koinly help docs…it says the cost basis is recalculated whenever a buy/sell happens so it leads me to believe that it is the running total …
The dashboard is showing you the cost base of the crypto assets thatyou are still holding in your wallets. It is not relevant for tax reporting purposes.
The various capital gains tax reports are showing you the cost base of the crypto assets that you have sold or otherwise disposed of.
Two different things entirely.
i didnt spend 30000 on crypto, period
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