MATIC → POL migration transaction misclassified as Trade
M
Michael B
What is the issue?
Token migrations from MATIC to POL (Polygon Ecosystem Token) are being incorrectly classified as taxable trades in CoinTracker, instead of non-taxable migrations. This misclassification is leading to inaccurate unrealized returns and cost basis calculations.
Who is affected?
Users who held MATIC in Coinbase and Binance US during the automatic migration period
Keywords: MATIC POL migration, token swap, Coinbase migration, taxable trade misclassified, cost basis incorrect
Log In