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If I don’t import all my wallets/exchanges, what impact will it have on my 8949?
If I don’t import all my wallets/exchanges, what impact will it have on my 8949?

Why do I need to import my complete transaction history?

Morgan avatar
Written by Morgan
Updated over a week ago

If any wallets, exchanges, or transactions are excluded from your ZenLedger transaction record, your IRS tax filing will be incomplete. 

An incomplete tax return can potentially expose you to IRS penalties for providing incomplete information and/or for underpayment of taxes due.

On the other hand, missing information could incorrectly overstate capital gains or understate capital losses resulting in a higher tax bill.

The eventual outcome is that a materially incorrect tax return can cost you both time, money, and energy.

For more information, please read: Do I need to upload all my transactions?

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