cost basis | Feature requests (public)

cost basis

complete

Traditional Lynx

Why can't I open up a transaction and set the cost basis to 0? Or better yet, give us a table view where we can quickly go down and set all of them to zero. Some of us had these tokens for over a decade jfc. Why is this so hard?

6 days ago

Jack

marked this post as

complete

Koinly automatically assumes $0 cost basis if there's no history of acquisition of an asset (there's a "missing purchase history" error showing).
While we recommend "clearing" such errors, it's not needed. It's only so that you don't have negative balances of such tokens, which is often confusing for users.
Do mind that such errors often indicate that you didn't yet import your full transaction history, and fixing this root cause is the preferred solution.
Ref. Missing purchase history for XYZ | Koinly Help Center

Traditional Lynx

On the problematic Trade transaction, click the three dots (...) → Duplicate.
On the duplicate:Change the Type to "Deposit" (or "Receive" if Deposit isn't available).
Set the Worth field to 0.00.
Save.
Go back to the original Trade → three dots → Ignore (or delete it).
Go to Tax Reports → Recalculate.
****Is this really what I have to go through to change each transaction to register a 0 cost basis? I honestly want my money back.