How to label a tax-free gift to spouse/partner

In many countries, gifting coins to your spouse/partner/friend may not be a taxable event. Here's how to handle these transactions in Koinly.

Sending a gift:

Step 1. Find and tag the "withdrawal" as a Gift

Step 2. Copy the cost basis shown on the left side of the transaction and share it with your partner

Receiving a gift:

Step 1. Find the incoming "Deposit" transaction and click on Edit

Step 2. Click on the Change button next to the worth

Step 3. Enter the cost-basis that was provided to you by the giver and hit Save

Note that you do not have to tag the received gift as anything, just leave it as a Deposit. You may want to enter a description to help remember.