This article covers the following imports, the manual input, and the taxation:
- Blockchain Imports: AVAX, ETH, BSC, LUNA, MATIC, FTM, TRX, SOL
- Blockchain BETA Imports: DFI, AETH, CRO, OP, ELGD
The liquidity pool/mining transactions will be imported with our newly released transaction types:
- Provide Liquidity
- Receive LP Token
- Remove Liquidity
- Return LP Token
- LP Rewards
Provide Liquidity
- Assets added to the liquidity pool will be imported as "Provide Liquidity"
- The liquidity token will be imported as "Receive LP Token"; The liquidity token will get an internal format with "LP-" as a suffix and a continuous "number"; The recalculation process will get the asset values of the assets moved to the liquidity pool and add the sum as the custom asset value for the liquidity token.
Remove Liquidity & Claiming Rewards
- Assets removed from the liquidity pool will be imported as "Remove Liquidity"
- The liquidity token which will be given back to the liquidity pool will be imported as "Return LP Token"; The recalculation process will get the asset values of the assets removed from the liquidity pool and add the sum as the custom asset value for the liquidity token
- Liquidity pool rewards will be imported as "LP Rewards"
- Fees will be imported as "Other Fee"
Manual input of liquidity pool/mining transactions (Transactions)
- Provide Liquidity: Enter the amount, the asset, and a unique liquidity pool name
- Receive LP Token: Enter the amount, a unique LP token name, and the same unique liquidity pool name as in Provide Liquidity
- Remove Liquidity: Enter the amount, the asset, and the same unique liquidity pool name as in Provide Liquidity
- Return LP Token: Enter the amount, the same unique LP Token name as in "Receive LP Token", and the same unique liquidity pool name as in Provide Liquidity
- LP Rewards: Enter the amount and the asset
Taxation of liquidity pool/mining transactions
Germany: There are two options available under Advanced settings on the tax report page
- Treat liquidity pool/mining transactions as taxable or non-taxable events
- Assign the liquidity pool/mining rewards to either "Capital gains" or "Other Income"
United Kingdom: There are two options available under Advanced settings on the tax report page
- Treat liquidity pool/mining transactions as taxable or non-taxable events
- Assign the liquidity pool/mining rewards to either "Capital gains" or "Miscellaneous Income "
United States and other countries: Liquidity pool/mining transactions will be treated accordingly to country-specific requirements.
To track the impermanent loss manually as it is not possibly right now to track this automatically as it is not provided by those APIs you could use "other fee" or "spend" for example. On the gain side you could use "income". It is important to add this in FIAT currency like EUR or USD as otherwise you coin balance will be affected.