Add "Wallet" Column to Capital Gains and Income tax reports
complete
Q
Quail Firefly
Within the "Capital Gains" tax report as well as the "Income" tax report, there needs to be a column for the "Wallet" that generated the capital gain/loss and income value respectively. I have to parse through the full Transaction History report and try to make heads or tails of the relevant rows to calculate a specific Wallet's gain/loss or income. Very time consuming and the values don't seem to match up well to the Capital Gains and Income tax reports. For Canadians, capital gains and income generated from Foreign Exchanges (i.e. Wallets in Koinly that are deemed such) need to be specifically accounted for.
Jack
marked this post as
complete
Since this post was created, the "Wallet" column was added to relevant reports (e.g. "Capital gains" report)
You can generate this report and then open it in Excel (or Google Sheets) and pivot by said column to see sums for each.
I do want to mention that this is somewhat unrelated to 1099-DAs and new format of 8949 form, for which we should add handling soon.
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Premier Bovid
Jack So are you going to be providing turbo tax forms or reports that we can use to reconcile against 1099-DAs from exchanges? And will this be available for taxes due in April in USA? And will you send out an email announcement when these are available?
Jack
Premier Bovid: Yes - we are working on a new report that is compatible with the new flow in Turbotax for this year's filings
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Premier Bovid
How can you have wallet based capital gains/loss support and calculations without showing in a report and online the gains/loss by wallet/coin? Seems like a huge oversight. If there isn't this ability in the tax reporting Koinly becomes unusable for USA residents and taxes. Especially with all the exchanges issuing 1099-DAs there's no matching report in Koinly to reconcile.
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Premier Bovid
This is absolutely needed for USA 2025 tax filers. The wallet based tracking is worthless if it's a black box and ZERO wallet based reporting. We need GAIN/LOSS report for each Wallet. Right now there's a gain/loss report that groups everything together. We need that same gain/loss report but one for each wallet. Will you have this for 2025 taxes?
Q
Quail Firefly
Any chance this can be implemented this year? Should be an easy implementation by just adding a column for the Wallet. This is a must for Canadian users.