Feature requests (public)

Can we make the xero integration let us pick which type of transaction each tag is. It's defaulting to BAS excluded, where in my instance it should be GST Free BAS Included. It makes it so I have to manually go through each xero entry and manually change it for every transaction. For context, this is for australia

I want Koinly to automatically account for italian tax rules regarding cryptocurrencies. In my understanding: Crypto-to-crypto trades are not taxable unless they involve a fiat-backed stablecoin (like USDC) Tax treatment may differ if the worth of a wallet exceeded ~51k EUR for 7 consecutive days I may need to realize my gains on all assets at year end, no matter if I sold them or not Gains under 2k EUR are exempt from taxes Sources mondo-crypto mrcaporale agenziaentrate Status/Workaround Koinly can most likely already be used for crypto tax reporting in Italy, though some manual adjustments are necessary: Treating crypto-to-crypto as non-taxable unless it's a trade with a stablecoin "Realize gains on crypto-to-crypto" should be ON User needs to manually tag as Swap every trade that is not taxable (ie. doesn't involve a stablecoin) Per-wallet balances (to check if over 51k EUR) To view per-wallet balances, download the "Wallet Balances" report You may need to generate multiple reports, to see if the balance was over 51k for more than 7 days Realizing all gains at year-end Create manual withdrawals of all assets with date Dec 31st Create manual deposits of all assets (with same amounts) on Jan 1st Koinly will automatically calculate the gain on Dec 31st as if the asset was sold and the deposit will receive the cost basis equal to the value of the asset on Jan 1st This list might not be comprehensive: if in doubt, consult with your tax advisor 2k EUR tax exemption From the total taxable gain calculated by Koinly, deduct 2000 EUR.

Provide Schedule C form 4797 for business property Profit/Loss filers Schedule D form 8949 reports are only good for personal capital gains reporting

Is there a way to flag a wallet as non-taxable, so that it will be ignored for the tax report? If not, I'd like to request that feature.

CRA is now requiring a listing of all wallets and public address details for audit review purposes. These will need to be available for each year, for each Canadian reporting entity.

There are times when there is a variance between Koinly Proceeds and those reported on 1099-DA, give an option to match the 1099-DA from the exchange

A report displaying proceeds per exchange would be hugely beneficial for checking Koinly compared to 1099-DA report received from each exchange. The IRS will also receive these reports, so ensuring Koinly is in line with these (or at least being able to identify errors / causes of discrepancies) is crucial.

I am uploading my transactions to turbotax and they are making fill in all this information that I am paying you guys to deal with. Its not just working.

It would be great if cost basis choices could be updated/changed for different years. This would enable users to follow changes in legislation without updating the treatments of all previous years.

When the capital gain is NULL (for USDC for example), or 0, the generated Excel file contains '0.0' in that cell, which does not match with all languages. Example: some languages have commas instead of dots for separator, so it should be '0,0'. To resolve the problem, instead of hardcoding '0.0', hardcode to '0' only. Pass this to the development team.