You can find this toggle under Settings → Tax → Capital gains category options section. Switching this toggle might change the results of your Capital Gains Report. The default setting depends on your tax jurisdiction. The choice of settings may impact your tax liability, so it's essential to consult with your accountant or local tax professionals about your situation before making any changes.

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

Some countries (e.g., 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 'off' similar to the above image will set all of your reports to track capital gains on forex conversions.

If you have any questions or need help, we're here for you! Feel free to reach out to us via the in-app chat in the bottom-right corner or send your inquiries to [email protected].