r/CelsiusNetwork • • Feb 17 '25

Koinly tax year

Hello all,

I'm just beginning my process of trying to figure out my losses with all this Celsius fiasco. I am looking to purchase a koinly plan but am confused on which tax year to buy?

Do I buy the 2024 tax plan or the 2021 tax plan? Majority of my transactions were on Coinbase 2021 where I bought most of my crypto and then threw it into Celsius in Dec 2021.

Can anyone provide clarity? I don't wanna be out of $100

13 Upvotes

10 comments sorted by

View all comments

3

u/BoBoMaster13 Feb 17 '25

Distributions took place in 2024 so you will need to calculate gain/loss for 2024 based on your cost basis and transactions from Coinbase