Hey,
I have some wallets in my account and I looked at some transactions from today.
I bought and sold BTC on a wallet with 0 BTC at the beginning.
I lost some € with this trade, but Koinly is showing a win because it sees I have BTC in another wallet and takes those.
But shouldn’t it be FIFO inside each wallet and not throughout all wallets together?
Each crypto is treated as a single asset regardless of how many wallets you keep it in. There’s an option in settings to do a cost basis for each wallet but your tax authority would likely take issue with it if you owned both wallets.
Hi Alexander,
The previous comment is correct that Koinly will consider your entire portfolio when applying the FIFO method.
You can change this behaviour by enabling ‘wallet based cost tracking’ in your settings (this might not be allowed in all countries).
Best regards,
Petur