TurboTax is making me claim any DOT that I staked or unstaked from Coinbase as a capital gain.
I did not sell from Coinbase, I only staked it and unstaked my DOT that was already in my Coinbase account.
My options for the type of transaction are as follows Sale, Expense, Withdrawal, Sent Gift, Donation, Lost/Stole, Fee….
Turbotax sees the portion where I staked my DOT as a -XX and I selected "Withdrawal" as the transaction type. Turbotax then sees the portion where the DOT is added to the staking pool as a +XX and I selected "Deposit". None of these should be taxable events but by selecting "Withdrawal" Turbotax is considering these staking events as capital gains even though I did not sell my DOT.
Has anyone else encountered this issue? Is there a work around on this to not make this a taxable event? Even the DOT I transferred into the staking pool is being taxed as a capital tax.
submitted by /u/lionsfan202
[link] [comments]