Hi there 👋

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.


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

💡 Here are the different labels for withdrawals, and those for deposits.


Case 1: You have a withdrawal but no deposit to match it. Therefore, the withdrawal must be labeled.

🪧 Here are the use cases for each withdrawal label:

Case

Label

Negatively impacts the amount of crypto in stock

Taxable transaction

I make a transfer between two accounts that I own, but the deposit does not appear

Transfer between accounts

Yes

No

My account has been hacked

Hack or 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

Fees

Yes

No

I participate in an ICO

Other withdrawal

Yes

No

I stake 10 DOT

Add staking

No

No

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

Add liquidity

Yes

No

I send 1 ETH to a wrong address

Hack or loss

Yes

No

I buy 1 NFT

Other Withdrawal

Yes

No

I deposit 1 ETH as collateral for a crypto loan

Add collateral

No

No

I made a crypto loan and got liquidated

Liquidation

Yes

No

I use derivative and I am at a deficit

CFD loss

Yes

No

💡 We have listed the more common cases. For the less common ones, you can use the “Other Loss” or “Other Withdrawal” labels. We strongly recommend that you consult a tax lawyer to validate the use of these labels, depending on your situation.


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.

💡 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! 💬


The Waltio Team

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