LIFO/FIFO Cost basis Breakdown Report for Italy
Arty
Italian users DON'T realise gains on crypto>crypto trades. This creates a lot of issues when it comes to explaining the taxable events when they eventually sell to FIAT.
It makes it incredibly hard for to grasp the exact trades that went into the cost basis calculation and hence a specialised report would be a great solution.
A report that covers the inheritance of cost basis, sort of a family tree.
Currently we only show the last trade from asset to asset making it nearly impossible to trace where the original lot was.
B
Blue Duck
I agree with the proposal.
In addition, this should be also used for the capital gain calculation, with all the single lifo lots carried over when crypto-crypto swaps happens without realizing gains (only for cost basis related to swaps, while cost basis of the holdings in the UI Dashboard should reflect the full amount of the tokens with an average cost basis, maybe with the possibility to open the view of the list of LIFO lots).
I had already opened a ticket about it, maybe it should be merged with this one:
https://feedback.koinly.io/bug-reports-public/p/accurate-lifo-lot-tracking-for-crypto-to-crypto-trades