At this point in the reconciliation process, all categories that could be automatically categorized should have already been processed by the platform. The remaining uncategorised transactions will show as either "incoming" or "outgoing" transactions, indicating the direction of the asset movement into/out of your wallets.
How to action this suggestion
To action this suggestion, simply choose a category from the below list to correctly categorize it for tax purposes. You can bulk categorize similar transactions by using the check box on the left of the transactions.
Common Transactions
You bought cryptocurrency. This is not a taxable event.
You sold cryptocurrency. This triggers a capital gains tax event.
You transferred cryptocurrency but still maintained ownership (i.e., the transactions between your own wallets/exchanges).
Advanced Incoming Transactions
You received income in crypto. You can also categorize commissions etc in this category.
You received "free" tokens as part of a promotion or similar.
Used to transfer the cost basis from one chain to another. This category must match with another transaction categorized as 'Bridge Out'.
You received a cash-back from a credit card payment etc.
Use this if you acquired a new cryptocurrency as a result of a chain split (such as Bitcoin Cash being received by Bitcoin holders).
You have withdrawn these coins from a borrowing/lending platform. This acts similar to a deposit into your account.
A failed transaction. This will be ignored from tax and balance calculations (warning: any fees incurred from creating the transaction will be accounted for).
You wired fiat into exchange from your bank account.
You received a gift from a third party (e.g., a family member).
Ignore transactions from tax and balance calculations.
You received interest for lending your cryptocurrency.
You received or borrowed crypto/fiat as a result of providing collateral.
You received crypto as a mining reward.
This acts similar to a 'buy'. A common use case is when a user is minting NFTs.
You received profit from trading derivatives (e.g. futures/margin).
You have received tokens for adding coins into a liquidity pool.
You have removed these coins from a liquidity pool.
Payments provided automatically to the creator of an NFT from secondary sales.
Mark the transactions as spam, and ignore them from tax and balance calculations.
You earned interest from staking.
You have withdrawn these coins from the staking pool. This acts similar to a deposit
Advanced Outgoing Transactions
You have added these coins into a liquidity pool
Used to transfer the cost basis from one symbol to another. Note: Must match with another transaction categorized as 'Bridge In'
Burn
Use this if you have sent your crypto / NFT to a burner address. It triggers a capital loss event similar to the stolen category.
You have set these coins aside as collateral for a loan. This acts as a withdrawal from your account.
This acts similar to a sell. However you wish to label this as an expense. You can use this if you want to categorize an outgoing transaction as an expense (e.g. business paying out a salary).
A failed transaction. This will be ignored from tax and balance calculations. (Note: Any fees incurred from creating the transaction will be accounted for.)
You had a miscellaneous expense.
You cashed out from your exchange, hopefully, more than you put in.
Ignore transactions from tax and balance calculations.
You lost cryptocurrency and want to claim the cost basis as a tax deduction.
You were trading on leverage and got margin called.
You paid the debt back on a loan.
Margin Fee
You made an interest payment on a loan.
You gave a gift to a third party e.g. a family member.
You made a personal use purchase and want to claim this as non-taxable (warning: check with your accountant before using this to make sure you satisfy the criteria)
You made a loss when trading derivatives (e.g., futures/margin).
You have returned tokens for removing coins from a liquidity pool.
You deposited these coins into a staking pool. This acts similar to a withdrawal.
You lost cryptocurrency and want to claim the cost basis as a tax deduction.