I sold some USDC on Coinbase, why does it think that I gained ~$630 dollars on this sale? It’s a stablecoin whose price doesn’t fluctuate
It also will not let me change the cost basis of the transaction
It also will not let me change the cost basis of the transaction
You ever get a response? Same issue here and never any reply. Cost basis matches fine so not sure how I could even fix it.
Maybe they are pulling some “global average” price feed? I know Delta app has me with gains or losses on stablecoins that really doesn’t make sense, but stablecoins aren’t really like money market funds with a stable NAV per se. I saw the same thing happen with PAX when I owned it…gains/losses.
Also, did you have any interest for your USDC on Coinbase? That could also be messing around with your cost basis, especially is the price feed issue comes into play. I do find it odd you can’t change or adjust the cost basis, though. Can you delete fully and just put in a manual trade, instead of trying to adjust?
Seems like all of these crypto tax software programs are 50/50 on accuracy, unfortunately. Delta app has issues and the new, free crypto.com/tax...boy, that needs a lot of work. Ha. Good luck.
Yeah it’s super confusing but basically an earlier trade somehow thought I gained the delta, roughly 600 USDC, for a 0 cost basis, so when I “fixed” that trade by manually switching it to have a ~600 cost basis, this trade was “fixed”.