Ledgible offers several different transaction types to users when creating an entry manually. For more information on how to create a manual entry, please refer to this article from our Knowledge Base.
Our categorization follows these principles:
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Acquisition and Buy are our purchase categories. The results of the acquisition will go on to be taxed through gain and loss.
- Gains and losses on your purchase are then calculated when there is an equivalent Sell transaction. Sells can be to FIAT or to a different digital asset.
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Transfers are non taxable events that signify the moving of funds from one wallet to another. Users can select whether it is incoming or outgoing.
- Several categories signify that the related assets will be taxed as income. These include Staking Rewards, Earn Rewards, Fork Income, Interest Income, and Work Income. As these transactions will be taxed as income, they will appear in the Income Report.
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Loan categories are for more complex use cases such as crypto borrowing and lending and are taxed accordingly.
- Other non-taxable transactions exist, such as Donations or Gifts.
If you are unsure which category to attach to your transactions, please don't hesitate to reach out to our support team.