The three types of warnings on Waltio

Updated over a week ago

Hi there ๐Ÿ‘‹
Waltio integrates a system of validation of your transactions in order to provide you with the clearest tax report possible. During the analysis stage, it is possible that warnings appear.

Here is the list of possible warnings:

โš–๏ธ Negative balance:

This warning is generated when a transaction appears to be impossible based on the transactions you have provided us (a withdrawal or exchange of a cryptocurrency in an amount greater than your balance). The main reason for this warning is that you have not added all your transactions (often associated with a missing file).

To fix this warning, either add/delete/edit the transactions in error (following this article) or click on โ€œCompensateโ€.

๐Ÿท๏ธ Withdrawal to be categorized:

This warning appears when our tool has not found a deposit that matches a withdrawal. In most cases, a withdrawal from an exchange or one of your wallets will appear on another exchange or wallet as a deposit, so you won't have any problems.

To fix this warning, label the withdrawal or consolidate it with the corresponding deposit.

๐Ÿ’ก If a withdrawal is not categorized, it will be considered (by default) by the tax authorities as a purchase of goods or services. Therefore, this transaction will be recorded as a taxable transaction on Waltio.

You may encounter this error if we were unable to recover the price of a token on the day of the transaction. The main reasons may be that the token is not listed on the platforms we use, or that these platforms do not have that price available.

To fix this warning, follow this article.

If you are having trouble finding the thoughtfulness of these warnings, contact us at hello@waltio.co. We'll be happy to help you there ๐Ÿ˜Š

If you have any other questions, do not hesitate to contact us via the chat just at the bottom right of your screen! ๐Ÿ’ฌ

The Waltio Team

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