What is the issue?
Token migrations from FTM to Sonic are classified as taxable trades instead of non-taxable migrations. This results in incorrect unrealized returns and cost basis calculations.
Who is affected?
Users who held FTM in Uphold wallets during the automatic FTM to Sonic migration period.
What is the workaround?
Users can manually reclassify the transaction by selecting the ⋮ menu and choosing "Mark as non-taxable." Manual edits are a temporary workaround and may require later review.
---
⚠️ Manual Edit Disclaimer
Manual edits are a temporary workaround and will not be overwritten by future fixes or re-syncs. However, manual changes can sometimes result in duplicate transactions or other unintended side effects. Edits should be made with caution. Once a permanent fix is released, manually edited transactions may need to be reviewed or removed to ensure accuracy.
Keywords: ftm, sonic, migration, taxable, cost basis