Celo.Tax
  • About Celo.Tax
  • Pricing
  • Product Guide
    • Transaction Labelling & Tax Treatment
    • Wallets
    • Settings
      • CSV Format
    • NFTs
  • Blockchain Guide
    • Celo.Tax
      • Wallet Compatibility
      • Supported Transactions
      • Supported Tokens
  • Extras
    • Contact Support
    • Newsletter / Early Access
    • Terms of Service
  • Blog
    • Top 3 Crypto Tax Mistakes
    • Income Tax Guide for Celo
    • Capital Gains Tax Guide for Celo
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  1. Product Guide

Wallets

Default Wallet Labelling

Under "Wallets", users may choose a default label to apply to any deposits that are not already automatically labelled. The two options are:

  • Income - deposits are labelled as "Revenue". If you use a wallet to receive business income, this is often the right setting.

  • Transfer from exchange - deposits are labelled as "Transfer from exchange". If you have deposits to your wallet from an exchange, this allows you to ignore them from counting towards revenue.

Note that these defaults are overridden in cases where the software automatically detects the transaction type (see Supported Transactions in the Blockchain Guide).

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Last updated 2 years ago

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