When the two transactions are paired via the "Pair/Unpair Transactions" option: The Proceeds of the "Outgoing" transaction will become the Cost Basis for the "Incoming" transaction.
For example, if you pair an outgoing transaction (e.g., selling SOL) with an incoming transaction (e.g., acquiring ETH), the proceeds from the SOL sale will be assigned as the cost basis for the ETH acquisition.
This pairing reflects the true cost of the acquired asset and ensures accurate calculation of capital gains/losses and portfolio tracking.
When two transactions are paired via the "Pair/Unapir Internal Transactions option: The Cost Basis of the "Outgoing" transaction is carried over to the "Incoming" transaction.
This is typically used for internal transfers (e.g., moving crypto between your own wallets) where there's no taxable event, and the cost basis should remain consistent across wallets.
Pair transactions (Regular)
Navigate to the transactions page and select two transactions using the checkboxes. Ideally, this would be one outgoing transaction and one incoming transaction type.
Click on Bulk Action from the menu that appears, and select Pair/Unpair Transactions.
Click on Pair transactions to confirm.
Select all transactions and click on the Calculate button to run a calculation. The proceeds should now be reflected in the cost basis of the incoming transaction event.
Pair Internal Transactions
Note: You can only internally pair non-taxable transactions.
Navigate to the transactions page and select two transactions using the checkboxes.
Click on Bulk Action from the menu, and select Pair/Unpair Internal Transactions.
You may select a category (i.e. Internal transfer) before you pair the internal transactions. Click on the "Unclassified" link and select a category of your choice.
Click on Pair Internal Transactions to confirm.
Select all transactions and click on the Calculate button to run a calculation. The cost basis transfer should now be reflected in the incoming transaction event.
Unpair transactions
Navigate to the transactions page and select two transactions using the checkboxes.
Click on Bulk Action from the menu, and select Unpair Internal Transactions.