cryptotax

Rodeo

Just spent 2 hours figuring out how to get /rodeo-club transactions into CoinLedger.

To mint/buy NFTs on Rodeo, funds come from the platform-custodied smart contract wallet but NFTs go to your self-custodied wallet.

Adding my self-custodied wallet to CL was no big deal, but CL does not support smart contract wallets at this time, so you have either 1) manually enter each txn one-by-one or 2) use CL's Universal Manual Import Template — a CSV file made available via Google Sheets.

As of this writing I've collected 259 pieces on Rodeo, so one-by-one entry is not the way.

An extra complication: IDK how to link the purchase in the platform wallet (called a "Withdrawal" in CL) to the received NFT in the self-custody wallet (called a "Deposit" in CL) other than going back one-by-one.

I suppose if one of these NFTs goes up in price significantly I'll consider doing that manual linking, but probably easier to just put the cost basis of any sold NFT at $0.

(Open to alternatives to CoinLedger, but I've been using them since 2021 so it would be a big undertaking.)