Credit card rewards are automatically being tagged as taxable on Gemini
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Credit card rewards are non taxable. I would love an easy way to either manually adjust a transaction to a reward with no cost basis or for this to be automated
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Sam - CoinTracker
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This is now resolved! New credit card reward transactions will no longer be tagged. This fix is not retroactive, users can bulk select erroneously tagged transactions and remove taxable tags.
Here is a guide on how to bulk tag and untag transactions. Please reach out to CoinTracker support directly should you require further assistance!
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Matt - CoinTracker
Merged in a post:
Credit card rewards
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We need a way to mark incoming transactions as credit card rewards
Matt - CoinTracker
Merged in a post:
Credit card cash back rebate
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Add functionality to show/mark credit card or debit card cash back as rebates with the original cost basis of the reward since they are not taxed (as they are considered rebates/discounts by IRS).
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second
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I second this