Tax Optimization based on holding time
complete
D
Developing Hare
Hey Koinly Team,
I'm very happy to see another banger Feature, the Tax Optimization.
However the differentiation between short and longterm gains is a little confusing to me.
Could we add another option for those tax regions that no longer pay taxes for token hold longer than 365 days?
Shortterm <=365
Longterm >365
Thanks in advance!
Jack
marked this post as
complete
The breakdown between short- and long-term gains on the Tax Optimization page follows the same threshold as your reports and depend on your Country.
For example, the threshold for Germany and USA is 1 year, while for Luxembourg - 6 months.
U
Umbral green Salamander
I'm almost certain that the holding period of your residence country (per user serttings) is used, but I'd be curious for an official confirmation as well.
D
Daffodil Eagle
I am wondering if the current calculation considers wallet based taxation? That would be very important! Otherwise in a way useless.
Q
Quasar blue Goose
A great addition indeed! May another request please be to add a feature that allows you to chage the quantity that you wish to sell. At the moment it only allos you to select total amount of either short or long term holding. Thanks!