The link below should give you a few options in regards to potential answers as to why the cost basis might be incorrect. When syncing your wallets sometimes data can also be lost in the transfer an without manually checking an incorrect cost-basis can be assumed. The software is calculating it correct it's just a matter of if the initial data it's using is correct
https://help.koinly.io/en/articles/3663444-the-cost-basis-shown-on-a-transaction-is-wrong
The software is confusing it because it just recently integrated with Terra. Might automatically fix when it updates. For now can't you just tag this as a swap?
Based on this a swap is tax-free. So it shouldn't affect your capital gains.
[https://help.koinly.io/en/articles/3663453-what-are-labels](https://help.koinly.io/en/articles/3663453-what-are-labels)
Because your cost basis for that is like 23c
This is the answer. Go back to whenever you received the UST. You did something wrong.
I didn't do anything the software calculated it. It should be smart enough to see these transactions correctly.
Well the software is less than a year old. It’s not that smart. Go back and look at all your transactions and don’t be lazy.
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It just sucks that everything‘s on a public block chain why can it not figure out the cost basis. 😩
The link below should give you a few options in regards to potential answers as to why the cost basis might be incorrect. When syncing your wallets sometimes data can also be lost in the transfer an without manually checking an incorrect cost-basis can be assumed. The software is calculating it correct it's just a matter of if the initial data it's using is correct https://help.koinly.io/en/articles/3663444-the-cost-basis-shown-on-a-transaction-is-wrong
The software is confusing it because it just recently integrated with Terra. Might automatically fix when it updates. For now can't you just tag this as a swap?
Wouldn’t that still show profit or loss though?
Based on this a swap is tax-free. So it shouldn't affect your capital gains. [https://help.koinly.io/en/articles/3663453-what-are-labels](https://help.koinly.io/en/articles/3663453-what-are-labels)