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Koinly now shows long term vs short term holding

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Koinly now shows long term vs short term holding

So for those of you who doesn't know, Koinly added in a beta feature which I think should be on all sites like it (where it tracks your crypto and helps you during tax time).

Anyways, the useful feature as seen below shows you how much of a given coin you can sell and it would be counted towards long term holding, short term holding, and even tax tricks.

https://preview.redd.it/9q0fftmrqfac1.png?1723&format=png&auto=webp&s=4d60f0a6ca07b330ee6a791fda9a6aea182f4466

To use it just go to the site and log in, tax optimization, and find the coins you want to sell or check on. Select the coins with the check box. You can then uncheck the short term if you want to keep those. If you uncheck the long term it unchecks the coin.

Something to note is you can't set the amount, but as it is. It's a good general guideline on what you should expect.

Other things to note is in some areas like the USA long term capital gains you could pay $0 in it if you fall within the rules. I didn't look at the rule changes for 2024, but prior it was about under $40k long term capital gains. To qualify you would have to held the thing for over 12 months. Note the rules do change and it is on you to do the research.

submitted by /u/crua9
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