Transaction cost from using a bot

Tax Questions
#1

Hi

I have been using a trading bot this year (bullx) and I was wondering if the transaction costs (bribe or priority fee) can be tagged as Cost instead of Send (which they automatically tag to when I import the data).

Are they deductible like other transaction costs?

Thank you!

#2

Hi @JSF

From a technical perspective, this is something you can do in Koinly (What are tags). However, I recommend consulting your accountant to determine whether tagging these transactions as cost is allowed in your jurisdiction.

#3

This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.