Koinly Reviews

Lunch Money Reviews

Koinly mentions (306)

• Tax Question. If i buy $1000 worth of crypto and sell 50% on a double and then let the balance ride. Am i exempt from paying tax on that transaction?

  Every transaction you make with crypto is a taxable event. Even buying something with your bitcoin is a taxable event. So instead of looking at your balance, you have to look at each and every transaction and see how much you paid for the asset, how much you sold it for, and how long you held it. The ATO will also want a report on your crypto transactions, which you can get from koinly.io. That will also... Source: 7 months ago

• 48-nation bloc to crack down on using crypto assets to avoid tax

  Https://koinly.io/ is a popular recommendation here in Denmark. Denmark may have the worst possible taxation for crypto: every time you sell, use or convert your crypto, that's an event where you have to calculate your gains or losses. Gains are taxed like personal income (so up to 53% tax), but losses can only be deducted at 26% they do not offset the gains directly. A school teacher speculating in crypto ended... - Source: Hacker News / 8 months ago

• Questions about defi

  -is it possible to track swaps and trades I'm making in defi via koinly.io or another tax tracking provider? I want to take advantage of long term capital gains vs short term whenever possible. Source: 12 months ago

• I made around 90K profit from a meme coin (crypto)recently and I’m 18 years old and have no idea how to go about taxes. Please help me . Also what could I do with my profits ?

  Every trade where you go from 1 coin to another is a capital gains event. Take a look into https://koinly.io/ to calculate it for you. Source: about 1 year ago

• Staked ETH Rewards on Coinbase

  I just bit the bullet and pay koinly.io to do it for me. The one thing I like about it is you can tag staked transaction (eth to eth2) as swaps so they don't show up on your taxes. It's actually free until you want them to generate a tax form for you. Source: about 1 year ago

Lunch Money mentions (44)

• Google begins enforcement of site reputation abuse policy

  I dunno. I switched over to https://lunchmoney.app/. But it was so frustrating wading through all the bad search results to find it. - Source: Hacker News / about 2 months ago

• Ask HN: Alternative to Mint.com?

  > A while back there was a tread in here where someone had an inexpensive one-time license mac software, but I cannot find it. I think you are looking for https://www.banktivity.com/ It feels a lot like Quicken which isn't a paradigm that works well for my brain and I moved to https://lunchmoney.app + a small app that consumes the API, does some transformations and exposes to Google Sheets' =IMPORTDATA formula.... - Source: Hacker News / 5 months ago

• Ask HN: Alternative to Mint.com?

  In past Ask HN threads I've seen recommendations for Lunch Money (https://lunchmoney.app/) and You Need A Budget (https://www.ynab.com/). I can't personally speak to them as I use GnuCash, but I don't recommend it for you because it does not do automatic sync as you requested. - Source: Hacker News / 5 months ago

• Americans are spending billions on stuff they forget to cancel

  I would suggest something like [LunchMoney](https://lunchmoney.app/) instead. Built in budgeting, rules to classify payments, and recurring subscriptions are automatically found and called out. I had a bunch of issues with Personal Capital connections continuously messing up and there's no way to classify and evaluate the purchases. - Source: Hacker News / 5 months ago

• Ask HN: How do you manage your finances?

  Lunch Money is a beautiful little independent app for personal finances: https://lunchmoney.app/ Won't do lots of complex stuff like investment strategy and estate planning, but covers all the essentials for a personal / family budget. Gives you a good overview of your spending, net worth over time, and lots of charts and querying functionality. Made a big difference for me. Before I was spread across a bunch of... - Source: Hacker News / 6 months ago