Transaction labels
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Written by Eivind Semb
Updated over a week ago

Coinpanda uses labels to classify your Receive and Send transactions. If you import transactions using API or uploading a CSV file, Coinpanda will usually tag your transactions correctly. Keep in mind that the terms labels and tags are used interchangeably and refer to the same.

Receive transactions can be tagged as:

  • Airdrop, Fork, Mining, Staking, Reward, Income, Gift, Interest, Realized P&L, Receive Loan, Collateral, Staking Pool, Bridge

Important notes:

  1. Your tax report will include Receive transactions tagged as Airdrop, Fork, Mining, Staking, Reward, Income, or Interest in Section 7 - Income summary.

  2. Receive transactions tagged as Gift will appear in Section 9 - Gifts, donations and lost assets.

  3. Trading gains from margin/futures trading should be tagged as Realized P&L and will be included in Section 2 - Margin and derivatives summary. All your trading gains will also be included in your capital gains summary unless you specify otherwise on the Settings page.

Send transactions can be tagged as:

  • Gift, Lost, Donation, Cost, Approval, Expense, Interest, Realized P&L, Margin Trading Fee, Margin Funding Cost, Repay Loan, Collateral, Staking Pool, Personal Use, Bridge

Important notes:

  1. Send transactions tagged as Lost, Donation, or Gift will be included in Section 9 - Gifts, donations and lost assets in your tax report.

  2. Send transactions tagged as Cost, Approval, Expense, Interest, Margin Trading Fee, or Margin Funding Cost will be included in Section 8 - Expense summary.

  3. Trading losses from margin/futures trading should be tagged as Realized P&L and will be included in Section 2 - Margin and derivatives summary. All your trading losses will also be included in your capital gains summary unless you specify otherwise on the Settings page.

Receive transactions without labels: this will increase your holdings, and the cost basis will be calculated as the fair market value at the time of the transaction. This is no different than buying crypto with fiat.

Send transactions without labels: this will be considered disposal, and Coinpanda will calculate capital gains using the fair market value at the time of the transaction. This is considered equal to selling crypto and receiving fiat for tax purposes.

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