Gift Tracking
P
Plain Elk
We need a better way of managing our gifts.
I appreciate and like the spouse/gifting article at:
Regarding step 2: Copy the cost basis shown on the left side of the transaction and share it with your partner
This is all fine assuming ALL past transactions are accurate/correct.
However, sometimes I find mistakes in past transactions, or there's an API version update and we are told to delete & re-add API keys. Mistakes/bugs such as incorrect staking/pool tagging, or previous gifting, etc. I find that one small change in the past can drastically change the worth & cost-basis in future transactions.
Or maybe we do the gift tagging backwards in time and we did't know that it affects the future worth/cost basis, etc. etc.
I know for the SENDER we can filter by tag "Gift". But it's hard to know what's changed from last time. For now I just manually note down the worth/costbasis in the Description but it does mean I have to expand each row to "double-check" nothing has changed.
It's worst for the RECEIVER. There is no special tag to say it was a gift - just Deposit type.
So if I had a huge list of worth/cost basis changes, I need to manually type out date/time, worth, coin, etc. in a table for the RECEIVER to "amend/correct" on their side.
There should be an easier way.
At least create a Gift Received tag (or does the Gift tag work for receiving?).
Then better customisable table/display to show columns such as worth/cost-basis.