Hi there πŸ‘‹

Once all your transactions are uploaded and your analysis is complete, you may be notified of certain warnings. Among them is the warning "Withdrawal to be labeled", several cases can explain this warning.


We will see the different cases and how to solve them.

πŸ’‘ It is essential that you upload all of your transactions from day 1 before you begin labeling your withdrawals.

πŸ’‘ Here are the different labels for withdrawals, and those for deposits.

Case 1: You have a withdrawal but no deposit to match it

Case

Label

Negatively impacts the amount of crypto in stock

Taxable transaction

My account has been hacked

Hack / Loss

Yes

No

I pay at restaurants in Bitcoin

Payment

Yes

Yes

I give 1 ETH to my brother

Donation

Yes

No

Withdrawal related to transaction fees

External operation

Yes

No

I participate in an ICO

External operation

Yes

No

I stake 10 DOT

Internal operation

No

No

I put 1 ETH and 3000 USDT in a liquidity pool (LP)

External operation

Yes

No

I send 1 ETH to a wrong address

Hack / Loss

Yes

No

I buy 1 NFT

External operation

Yes

No

I deposit 1 ETH as collateral for a crypto loan

Internal operation

No

No

Case 2: Your withdrawal does not match his deposit.

In order not to match a withdrawal with a bad deposit, our tool can ask you to do it manually. You can do it in the new interface during the analysis step.


πŸ’‘ When you edit or create a withdrawal, we will look to match it directly with a deposit. Therefore, you may have withdrawal warnings to label without running a scan.

If you have any other questions, do not hesitate to contact us via the chat just at the bottom right of your screen! πŸ’¬

The Waltio team

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