How can I reclassify transactions in CoinLedger?

From the Transactions page in CoinLedger you can classify transactions one-by-one or bulk classify multiple transactions at once.

This feature is useful when:

Learn more about these processes below.

To classify a single transaction, click on the three dot menu on the right of the transaction row and then press Change classification.

Once you have selected the transaction type you would like to reclassify the transaction to, press Save to confirm your changes.

You will only have a certain number of options to choose from when reclassifying a transaction. CoinLedger will only show transaction types that match the "shape" of your original transaction. For example, the transaction I want to reclassify below is a Trade. Therefore, CoinLedger will only allow me to reclassify this transaction into other "Trade" transaction types (or transactions where I am exchanging one crypto asset for another).

This is done to maintain the original structure of your transaction and to ensure that your tax report is 100% accurate. You can learn more about the transaction types CoinLedger supports here.

Bulk classifying is the fastest way to reclassify multiple transactions at once.

To bulk classify a set of transactions, check the box to next to each one and then click Mark as at the bottom of your screen.

Finally, select the transaction type you would like to reclassify the transactions to. Once you have done this, each of the transactions you selected will now be reclassified.

When selecting your transaction type on this bulk reclassifying tool, CoinLedger will only show transaction types that match the "shape" of your original transaction. This is done to maintain the original structure of your transaction and to ensure that your tax report is 100% accurate. You can learn more about the transaction types CoinLedger supports here.

In CoinLedger, you can easily reclassify a standalone deposit or withdrawal into a Transfer. This is useful for resolving data issues such as inaccurate balances on the Portfolio Tracker or missing cost basis warnings.

Follow the steps below to change a deposit or withdrawal into a Transfer.

Step 1

First, locate the deposit or withdrawal you would like to change into a Transfer. Then, click the 3 dots next to the transaction and select Create transfer.

💡 TIP: You may first need to click the 3 dots next to the transaction and select View in context for this option to pop up.

Step 2

Next, select the source account or destination account for this transfer.

If you are turning a deposit into a transfer, you will need to select a source account. This is because CoinLedger needs to know what exchange or wallet this asset was sent (or withdrawn) from.

On the other hand, if you are turning a withdrawal into a transfer, you will need to select a destination account. This is because CoinLedger needs to know what exchange or wallet this asset is being received (or deposited) into.

For example: I sent 0.00010331 BTC from my Coinbase Pro account to my Coinbase account. If I was reclassifying a standalone deposit of this BTC into my Coinbase account, I would select Coinbase Pro as the source account.

Select the appropriate source or destination account, and then press Save.

Step 3

Now, a Transfer will be created using the deposit or withdrawal transaction and the source account you selected.

You can always undo this action later by pressing the 3 dots next to the transaction and selecting Split.
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