While, generally, transfers between accounts of owned by a single person are not considered taxable events, the crypto asset fees incurred are considered to be disposals of capital assets. Because of this, the payment of fees generally results in a taxable event.

Entering your transfers with associated fees into Lukka will capture those taxable events and use them to accurately calculate gain/loss.

NOTE: Lukka does not provides tax advice. The statements above are general in nature and do not address how the application of the tax rules can vary based on a taxpayer’s actual facts. Please consult a tax professional on how the tax rules apply to your specific facts.

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