For further context: CoinTracker enabled "Per Wallet Tracking" by default for users [1], which means transfers between an exchange and a cold wallet would be ta

For further context: CoinTracker enabled "Per Wallet Tracking" by default for users [1], which means transfers between an exchange and a cold wallet would be taxed as a sell transaction. CoinTracker alleges this was done to comply with upcoming regulations in the US. But in practice the new bill [3] doesn't say that you need to pay taxes when moving between your wallets. It just says the exchanges should issue a 1099 with these movements, so you may get audited due to the discrepancy, and will need to prove you really own the cold wallet. I'm fine with that. Obviously this created havoc for users, which protested very loudly [2]. They eventually brought back "Universal Wallet Tracking" as it was before, but... they completely screwed up all previous data, including previously matched transactions, and cost basis. In some cases for hundreds or thousands of transactions. Earnings reports already filled with the IRS may have to be reprocessed and re-submitted, and taxes (+ fines and interest) paid accordingly, or you'd be running the risk of not having the data to prove your calculations in case of an audit. It's incredible how bad they handled this situation. [1] https://support.cointracker.io/hc/en-us/articles/12407462337937 https://support.cointracker.io/hc/en-us/articles/12407462337... [2] https://community.cointracker.io/t/cointracker-you-seriously-fd-up/6451 https://community.cointracker.io/t/cointracker-you-seriously... [3] https://www.cardin.senate.gov/wp-content/uploads/2022/09/Infrastructure-Investment-and-Jobs-Act-Section-by-Section-Summary.pdf https://www.cardin.senate.gov/wp-content/uploads/2022/09/Inf...