This article applies to US customers only.
If you need to edit transactions that have been locked by your migration to Per-wallet tracking, switch back to Universal cost basis tracking to undo your Universal-to-Per-Wallet migration.
Important: Switching back forfeits your IRS safe harbor for that allocation, and US taxpayers are required to use Per-Wallet cost basis tracking for the 2025 tax year and later. Switching back will combine your tax lots into a single Universal pool and allow you to make changes to your transactions.
How do I switch back to Universal cost basis tracking?
- Go to your Tax settings.
- Scroll to Switch back to Universal cost basis at the bottom of the page.
- Select Switch back.
- Review the details, then select Switch back to universal to confirm.
Switching back can take several minutes. CoinTracker will show a progress status and confirms when your account is back on Universal cost basis.
What happens to my data when I switch back to Universal?
Your Per-Wallet tax lots will combine into a single Universal cost basis pool, which changes how your cost basis is calculated. Your transaction history through the end of the 2024 tax year will stay frozen, and you can unfreeze these tax years from the Taxes page. Any tax years after 2024 that were frozen become unfrozen as part of the switch.
When should I switch back to Per-wallet?
Once you're finished with the changes to your data, switch to Per-Wallet tracking again following these migration steps to stay compliant.
Disclaimer: CoinTracker is provided for informational purposes and is not intended as tax, audit, accounting, investment, financial, or legal advice. For financial, tax, or legal advice, please consult your own professional. See our full disclaimer.