Bug Report: MATIC to POL Migration Classified as Taxable Trade
What is the issue?
Token migrations from MATIC to POL (Polygon Ecosystem Token) are being classified as taxable trades instead of non-taxable migrations. This results in incorrect unrealized returns and cost basis calculations.
Who is affected?
Users who held MATIC on Coinbase or Binance US during the automatic MATIC to POL migration period.
What is the workaround?
Users can manually reclassify the affected transaction by selecting the ⋮ menu on the transaction and choosing
"Mark as non-taxable."
⚠️
Manual Edit Disclaimer
Manual edits are a temporary workaround and will
not
be overwritten by future fixes or re-syncs. However, manual changes can sometimes result in duplicate transactions or other unintended side effects. Edits should be made with caution. Once a permanent fix is released, manually edited transactions may need to be reviewed or removed to ensure accuracy.
Keywords: MATIC POL migration, token swap, taxable trade, cost basis, Coinbase Binance US