Other gains refers to gains and losses from derivative contracts like Futures, Options, Perpetuals, etc. You can decide how you want this activity shown in your reports by toggling "Treat other gains as capital gains" ON or OFF in your Settings.
This article describes what changes in Koinly and your reports depending on whether the toggle is ON or OFF.
For more information on other gains and how they are imported to Koinly, see:
Other gains as capital gains OFF
If "Treat other gains as capital gains" toggle is OFF:
📊 Dashboard
"Realized gains" total does not include other gains (only spot)
📈 Tax Reports page
"Capital gains / P&L" total does not include other gains (only spot)
Other gains are listed separately below
📃 Capital gains report
Lists all spot disposals (trades and 3rd party withdrawals)
Only the "spot part" of PnL losses is listed - external gain/loss isn't
🇺🇸 USA: 8949 form
(same as capital gains report)Lists all spot disposals (trades and 3rd party withdrawals)
Only the "spot part" of PnL losses is listed - external gain/loss isn't
ℹ️ When to toggle "Treat other gains as capital gains" OFF
Keep "Treat other gains as capital gains" OFF if you need to report gains/losses from your futures/perpetuals activity separately, not together with capital gains from spot trades
Other gains as capital gains ON
When "Treat other gains as capital gains" toggle is ON:
📊 Dashboard
"Realized gains" total includes other gains (only spot)
📈 Tax Reports page
"Capital gains / P&L" total already includes other gains (not only spot)
Other gains are still listed separately below
📃 Capital gains report
Lists all spot disposals (trades and 3rd party withdrawals)
"Realized P&L" transactions are also listed (both spot and external gain part)
For external gains, acquisition date will be empty and:
Gains: proceeds are equal to the gain amount, cost basis is zero
Losses: cost basis is equal to the loss amount, proceeds are zero
🇺🇸 USA: 8949 form
(same as capital gains report)Lists all spot disposals (trades and 3rd party withdrawals)
"Realized P&L" transactions are also listed (both spot and external gain part)
PNL transactions will have the date sold the same as the date acquired,
0.0 amount in the Description and:
Losses: cost basis is equal to the loss amount, proceeds are zero
Gains: cost basis is zero, proceeds equal to pnl gain
ℹ️ When to toggle "Treat other gains as capital gains" ON
Change "Treat other gains as capital gains" to ON if you report gains/losses from your futures/perpetuals activity together with capital gains from spot trades (e.g. on the same form, with the same tax rate)
Frequently asked questions
Why is the acquisition date missing for some disposals in the capital gains report?
Why is the acquisition date missing for some disposals in the capital gains report?
If you have enabled the Treat other gains as capital gains setting in Koinly then you will see your futures gains on your capital gains report but the "External gain" part of the futures transaction will have the date of acquisition empty.
This is due to the nature of this transaction, which wasn't an actual trade but a derivatives contract, and no real asset was actually bought. Because of this certain fields will be blank or zeroed out. Nevertheless, your total gains will still be correct.
Why are futures missing from my reports?
Why are futures missing from my reports?
You probably want to toggle "Treat other gains as capital gains" to ON while you currently have it OFF.