The short answer is: in most cases, yes. While CoinLedger can still generate your tax reports accurately without non taxable transactions such as transfers from one wallet or exchange to another, we still recommend importing these transactions wherever possible.
The CoinLedger app has two main functions:
Tax Reporting
Portfolio Tracking
While only taxable transactions such as swaps, trades, and crypto income events are needed to do your tax reports, a complete transaction history including both taxable AND nontaxable transactions is needed to accurately track your crypto portfolio.
In other words, not importing these self transfers wouldn’t affect your tax report, but it would affect the accuracy of the transactions shown on your Portfolio tab within CoinLedger.
For this reason, we recommend that you import these transactions whenever possible.