In the settings page under Report Settings you will find a toggle switch called 'Ignore capital gains on forex conversions'. But what exactly does it do to my report?

Some countries (eg: Australia) require CGT on foreign exchange conversions.

For example, I specify that my country is Australia in my tax settings and I purchase 1 Bitcoin at $1000 USD. If we cannot find how the $1000 USD was gained from imported transactions, it is calculated as a zero cost basis, as it is a CGT asset that has "appeared from nowhere".

This toggle switch will give you the option to choose whether you want to track capital gains on your forex conversions or whether you want to ignore them.

Setting the toggle switch to 'on' (purple colour) will set all of your reports to ignore capital gains on forex conversions.

Setting the toggle switch to 'off' similar to the above image will set all of your reports to track capital gains on forex conversions.

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