If your wallet transacted with a smart contract or decentralized app that we don’t have a native integration with yet, the transaction will be classified as Uncategorized. Uncategorized transactions are treated as a non-taxable events that are not factored into report calculations.
You can located any Uncategorized transactions within the Review stage. Simply sort for Uncategorized and review all your transaction to see if any should be further classified. This includes trades, NFT Mints from unsupported smart contracts, or income received from staking, airdrops, or mining.
If trades and NFT Mints are left uncategorized in our software, original purchase information is not assigned to the asset received, which can result in Missing Cost Basis warnings. This guide explains how to classify these types of transactions.
Within the Review stage you can classify single transactions or bulk classify multiple transactions of the same type.
Classifying a Single Transaction
Step-by-Step Instructions
1. Select Uncategorized to display all transaction types
Within the Review stage select Uncategorized to display all transactions that are excluded from report calculations.
2. Click to change classification
On the individual transaction click on the three dots to change classification
3. Select your transaction type and click Save
Bulk Classifying Multiple Transactions
This is the fastest way to bulk classify multiple transactions of the same type.
Bulk Classifying Multiple Trade Transactions
1. Within the Review stage filter for all Uncategorized transactions
From here you can review all transactions from unsupported smart contracts.
2. Select transactions to classify
From this view, you can select multiple transaction of the same transaction type to classify.
Note: Make sure that you select transaction types of the exact same category. A received transaction type (staking, interest, and other deposits) and a sent transaction type (outgoing gifts, payments and other withdrawals) cannot both be selected.
3. Mark the transaction type
These are the options for received transaction types:
These are the options for sent transaction types:
Note - As we add integrations for more smart contracts there will be fewer Uncategorized transactions and less manual classification required. We already natively integrate with the biggest smart contracts such as Uniswap and OpenSea. Feel free to reach out to our Customer Support team to let us know which ones you would like us to add next!