What is a transaction category?
Transaction categories play a crucial role in classifying different types of cryptocurrency transactions for taxation and reporting purposes. By altering the default category of a transaction, users have the flexibility to manually fine-tune the specifics of transactions that are automatically synced via API or imported by CSV. It's important to note that what is now referred to as a "Category" was previously known as a "Tag," although the function remains unchanged.
Some categories are added to your transactions automatically by CoinTracker, but you can still use this guide to edit automatically added categories individually or in bulk if needed.
To see a breakdown of our available categories, review our reference guide: Transaction Category Definitions
NOTE: Categorizing and editing transactions can impact your tax calculations. Before making changes to your transactions, please review the tax implications listed in our category guide.
How to Change a Transaction Category
1. From the Transactions page, click the down arrow next to the current transaction category of the transaction you would like to change:
2. Search or select a category from the list
3. A confirmation message will appear when the change is complete
NOTE: Some category changes will cause your cost basis to recompute, which can have an impact on other functionalities. When the cost basis indicator in the top right corner of the page is green check, the recomputation is complete:
Bulk Editing Transactions
In some cases users may want to change the category for multiple transactions at the same time. We recommend you only bulk edit transactions that are the same type, selecting multiple transaction types such as incoming (credit) and outgoing (debit) transactions will limit the tags and actions available. Selecting only incoming (credit), only outgoing (debit) transactions will allow you to tag all like-types with their available tags.
Select each of the transactions you would like to edit, navigate to the menu at bottom of the page, and select the applicable options!
Alternatively, you can select all transactions on a single page by checking the 'Category' box at the top left of the transactions list: