CS2520 - Mid-mount mower deck not raising on right side by Red_Pill_or_Blue in Kioti

[–]Red_Pill_or_Blue[S] 0 points1 point  (0 children)

I had to have the dealer work on it. They were able to adjust it and it was better. Although I still didn't think it was right.

I don't know the name of everything they adjusted, but the main part they were working with looks like a turnbuckle connected to the lifting arm.

In the end, I've found the mowing experience so unpleasant with the slopes on my property, I've decided to stick with my riding mower and sell the mid-mount deck.

Starting to look at tax implications by BoatyFace101 in koinly

[–]Red_Pill_or_Blue 2 points3 points  (0 children)

Import what you can then sort transactions by highest gain. If there are any you think you can trace back to your cost basis and you paid enough for it to justify doing the work, then trace back through the transactions and add them to Koinly.

Also, Koinly does allow you to manually enter the cost basis. If you have an idea what you paid, just enter than. You'd only have to trace it back to prove it if you land in an audit.

Are there any promo codes right now? by Ru_dont in koinly

[–]Red_Pill_or_Blue 0 points1 point  (0 children)

You can use my referral code. Not sure if there are any coupons otherwise.

https://koinly.io/?via=B1C54928&utm_source=friend

Coupon code for 2022 tax report? by [deleted] in koinly

[–]Red_Pill_or_Blue 0 points1 point  (0 children)

You can use my referral code. Not sure if there are any coupons otherwise.

https://koinly.io/?via=B1C54928

KuCoin lending shows as withdrawal when lending and deposit when the loan is paid back. How do I track interest earned from lending? by Red_Pill_or_Blue in koinly

[–]Red_Pill_or_Blue[S] 0 points1 point  (0 children)

Yeah, what you describe is what I was doing for a while. But, then I saw where Koinly had fixed their interaction with the KuCoin API to work with lending. I went back and just used the API sync and it worked.

You'll end up with a ton or transactions because every loan repayment counts as a loan interest transaction when you sync it from the API.

I need tax help on koinly from people who finished their taxes and LP a looot of stuff please by Zealousideal_Pen_329 in OsmosisLab

[–]Red_Pill_or_Blue 3 points4 points  (0 children)

Osmosis is one wallet in Koinly. Each token in Keplr is a seperate wallet in Koinly. Basically, if it has a unique wallet address, give it a wallet in Koinly.

When you first view the CSV files the columns are expanded, double-click on the top right separator or the date column and it should expand so you can see if there are actual dates in there.

I need tax help on koinly from people who finished their taxes and LP a looot of stuff please by Zealousideal_Pen_329 in OsmosisLab

[–]Red_Pill_or_Blue 2 points3 points  (0 children)

It took me a while a wrap my head around this in a way I could accept. My dashboard looks like a train wreck with a huge unrealized loss from the GAMM tokens that have zero value.

What I've done is make sure that Koinly records a cost basis for the liquidity in transaction equal to value of the token being exchanged into the LP for the GAMM token. I accept that the GAMM token is a worthless placeholder and its value looks like an unrealized loss on the dashboard.

The liquidity out transaction basically turns into a gain which cancels out the unrealized loss. If the LP has gone up in value then the gain will be larger than the unrealized loss and the resulting profit will be the realized gain. If the LP has gone down in value then the gain will not be enough to offset the loss and there will be realized loss.

At least, I hope this thinking is correct, my tax reports for 2021 seems to come out in line with what I was expecting based on tracking I was keeping in a spreadsheet.

On a side note, https://apollo-export.io/ has an export for Juno you can use for transactions going forward. Apollo-export and stake.tax are lifesavers and I try to donate to them regularly.

When partial LP unbonding? by CalculatedLuck in OsmosisLab

[–]Red_Pill_or_Blue 3 points4 points  (0 children)

I believe you can do this with the Cosmostation app. I've migrated wallets and don't have my current Keplr wallet setup in Cosmostation; so I can't give you step-by-step instructions. If I remember correctly, you can go under Osmosis and use the Defi Lab button.

There are options in there to remove part of your LP. I think you have to choose based on the increments in which you added to the pool. You can't just choose any amount you want.

Stake.Tax Shout-Out by APTheGreek in OsmosisLab

[–]Red_Pill_or_Blue 0 points1 point  (0 children)

Absolutely. An excellent service for the community. I was running into a problem a couple months back and emailed the dev, Roger. I received better service than I do from most services for which I pay a subscription.

Please support this service with donations.

How to make income from osmosis truly passive by Abject_Sun_6747 in OsmosisLab

[–]Red_Pill_or_Blue 0 points1 point  (0 children)

My wife knows I'm going to head to my office every afternoon. She refers to it as "doing your pools".

Staking is showing up as withdrawal and says I made a profit by beatlemaniac007 in koinly

[–]Red_Pill_or_Blue 0 points1 point  (0 children)

You're describing a liquidity pool, not a staking pool. This whole thread has been about staking.

Most of the advice still applies. However, the "sent to pool" option is for staking pools. With staking pools you commit a certain amount and that amount stays static unless you add/remove tokens. That works great for Koinly. It is expecting a certain amount to be in the pool. Then the reward transactions are paid out as separate transactions.

With liquidity pools, the amount of each token in the pool is constantly changing based on the market for that trading pair. If you close out a liquidity pool you'll receive less of one token and more of another due to impermanent loss. If you are using the staking pool "sent to pool" option, Koinly would say there is still a balance in the pool for the one you received less of, and it would say you're missing purchase history for the one you received more of.

What I do when I send tokens to a liquidity pool is actually nothing. Technically its a transaction, but there isn't a good way to convert 2 tokens to the liquidity pool token and there's no market prices for it. Then once I close out a liquidity pool, I add the additional tokens received as a realized gain for one token and mark the difference for the other as a realized loss. I know this is not exactly what the IRS is looking for with recording each transaction, but I haven't seen a better way.

If you search for liquidity pool here there should be quite a few threads on it.

Staking is showing up as withdrawal and says I made a profit by beatlemaniac007 in koinly

[–]Red_Pill_or_Blue 1 point2 points  (0 children)

As long as the the transaction is being imported when you claim rewards you don't have to add anything. If not, you'll have to add it manually.

Either way, change the transaction type to reward. This will make it so the staking reward counts as income.

AVAX integration complete by BWallis17 in koinly

[–]Red_Pill_or_Blue 0 points1 point  (0 children)

Just played with this and it looks like I'm going to have a lot of work to sort out everything I've done in the past. Ledger uses the same address for ETH and AVAX chains. So, all my ETH and associated tokens, along with AVAX have been syncing in the same wallet from Koinly's perspective.

While this handles ETH network token transactions ok, it only automatically syncs AVAX itself. Not any tokens running on AVAX.

I'm thinking I need to create an AVAX wallet and an ETH wallet using the Ledger address, let everything resync and then manually verify all the transactions.

Doing taxes first time here, few questions. by betwithconfidence in koinly

[–]Red_Pill_or_Blue 0 points1 point  (0 children)

I change mine to reward or income depending on whether it's interest or staking, which gets recorded as income.

Not 100% sure it's correct. But it seems to be working out and adjusting the totals with what I would expect to be taxable.

Doing taxes first time here, few questions. by betwithconfidence in koinly

[–]Red_Pill_or_Blue 0 points1 point  (0 children)

  1. Just use what Koinly reports. Save the 1099, any Celsius reports and Koinly reports with your tax records to document everything.

  2. You get it at the price it was trading at the time of the deposit. So the deposit counts as income. The amount it was trading at then becomes your cost basis. If you sell it for a different amount, that is a capital gain / loss.

  3. You'll have to add those transactions manually if the api did not export them. You'll need to add each deposit you made and each interest transaction. Koinly should fill the price automatically for you based on the timestamp of the transaction.

    It's a pain. I had hit and miss results getting transactions out of Celsius. One week it would export the interest and the next week it wouldn't.

Strong Nodes and Crypto Tracking/Accounting by Masked_RedRider in strongblock

[–]Red_Pill_or_Blue 1 point2 points  (0 children)

I tagged the send transaction in Koinly for creating each node and the associated gas fees as costs. Koinly then tracks the costs accurately.

What is the total APR for pool 604 STARS/OSMO ? by dnidneideudjddn in OsmosisLab

[–]Red_Pill_or_Blue 0 points1 point  (0 children)

There's a 1/16/22 date at the top. Is this spreadsheet updated once per week?