ASSET MATURITY BETA: Wrong dates for ETH + SOL
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Nickel Clownfish
I bought all of my ETH years ago, yet the bulk (67%) isn't supposed to mature until late this year (according to the ASSET MATURITY feature). I did not buy ETH last year, and there are also no such trades in my transactions. What I did do a lot last year is use my existing ETH to buy smaller altcoins. I don't see how that could be misinterpreted as making large ETH purchases. - The same goes for SOL. I've owned several SOL for years, yet not a single SOL shows up as long term...
I FOUND THE ANSWER TO THIS PROBLEM. SEE COMMENT BELOW.
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Nickel Clownfish
I finally figured out why I have so much short-term ETH and SOL, even though I thought most of my holdings were long-term.
Turns out, IT’S NOT A BUG — it’s because my Koinly tax settings were set to FIFO. I hadn’t accounted for that.
So when I used newly bought or swapped ETH and SOL to buy altcoins on smaller DEXes, Koinly treated the older (long-term) ETH and SOL as being sold first, not the newer ones. That’s why my remaining ETH and SOL are now showing as short-term — the long-term ones got sold first.
From now on, I’m only going to swap into USDC on DEXes — not ETH or SOL (if possible). That way, I avoid creating new tokens with fresh maturity dates that just sit there unused (thanks to FIFO, which is the tax setting I have to use).
Maybe this is obvious to others, but it definitely caught me off guard — so I figured I’d share in case it helps someone else.