It is crucial to add ALL of your crypto transactions from the very beginning if you want Divly to calculate your taxes correctly.
Divly needs access to your first transactions in order to calculate the correct cost basis (which is required to determine your gains and losses in most countries). The cost basis is calculated using the purchase price for every crypto. Even if you are only declaring taxes for the previous tax year, you still need to include all transactions from all prior tax years.
In the below example we can see that if the first crypto was bought in 2019. However, it was only in 2021 when the crypto was traded and profits/losses were realized. If the transactions from 2019 were not imported, then the purchase price would not be included forcing Divly to use the default purchase price of $0. This would mean the profits would be higher and that one would incorrectly be paying too much in taxes.
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