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Sarah T. - CoinTracker
Users may experience:
  • Users may encounter "Needs review" transactions when unstaking liquid stake tokens (e.g., stSOL) in their wallets. This occurs because the unstaked stSOL transactions are not categorized correctly, while the received underlying SOL is categorized as Unstake.
Note: Liquid staking means you can lock up your cryptocurrency (stake it) to earn rewards, but you also get a token that represents your staked amount. You can use this token like regular cryptocurrency, allowing you to trade or invest it while still earning rewards from the staking.
Expected behavior:
  • The unstaked stSOL transactions should be automatically categorized correctly, and the corresponding SOL received should not require additional manual adjustments.
As a user, what should I do?
To address this issue manually:
  • Option 1:
    Change the categorization of the unstaked stSOL transaction to a normal receive (this will appear as a receive of SOL in CoinTracker at a later time than the send of stSOL).
  • Option 2:
    Ignore the Unstake SOL transaction and manually apply the SOL information to the send of the stSOL, effectively creating a trade.
A note on the manual edits:
  • Option 1 will allow for the correct fair market value to be applied for the SOL at the time it was received from the unstaking operation.
  • Option 2 will use the fair market value of the SOL at the time of the stSOL send.
Please consult with a tax professional on which option best corresponds to your specific needs.
Additional Information
Please upvote this post to indicate that you are experiencing this behavior.
We have information on
bug reports
 and what the status means in our
help center
. For further assistance or inquiries regarding this bug you can
contact the support team
.
Thank you for your understanding and cooperation as we work to enhance your CoinTracker experience!
Keywords: liquid stake, unstake, stSOL, SOL, categorization, needs review