📝 Description
When connecting your accounts to Waltio, it is essential to provide all your transactions from your very first crypto operation. Tax regulations require tracing all movements to correctly calculate taxable capital gains.
⚠️ Warnings
Do not import only recent transactions. An incomplete history will distort the calculation of your capital gains.
A missing transaction can impact the entire tax calculation, even for the most recent years.
📂 Why Include All Your Past Transactions?
To calculate a capital gain, Waltio needs to know the Total Acquisition Price (TAP) of each cryptocurrency sold. This price is determined by tracing all your past purchases and exchanges.
Example:
You purchased 1 Bitcoin in 2017.
You exchanged it for 50 ETH in 2020.
You sold those ETH in 2021.
To calculate the capital gain for 2021, Waltio needs the 2017 data. Without this data, the calculation will be incorrect.
💡 Additional Information
If you have very old transactions and no longer have the files, try to retrieve them directly from the relevant platforms.
It is always better to import too much data rather than too little.
To get started on Waltio, see the article Getting started on Waltio.