In many countries, gifting coins to your spouse/partner/friend may not be a taxable event. This article shows how to handle any tax free gifts in Koinly. If your country does not allow tax free gifts then you do not need to make any changes to the transactions.

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.

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