What is a Testnet?
The Testnet is a test phase for a blockchain. Testnet tokens are completely separate from real tokens and have no real value. This network enables developers to test ideas and improvements without risking damage to the main system.
Why add Testnet transactions?
You need to include Testnet transactions, as it is possible to realize unrealized capital gains (on Ethereum, for example). You should also bear in mind that if Testnet gains are converted into currency, this will be considered a taxable disposal.
If there is a swap between Ethereum and Goerli ETH, and your Goerli ETH has been used for gas fee. You will need to label the Ethereum exit as a Transfer between
If you have any other questions, feel free to contact us at the bottom right of your screen! 💬
The Waltio team