The Transaction Label Gift Received is currently identical to the Airdrop transaction type. It is used to record incoming assets in your depot.
Important: Transfers of acquisition costs from person A to person B can't currently be handled by using the transaction type Gift Received.
Such cases can alternatively be handled using a Deposit. To do this, create a Deposit at the time of acquisition of person A in your depot (person B). If you have already created a Gift Received transaction, you can edit the transaction type and date accordingly.
How do I create a Gift Received transaction?
- Open your Blockpit Account and click the top menu item on Create New.
- Now select Add Transaction.
- Now choose the appropriate Depot and the transaction type Gift Received.
- Enter the date and time of the transaction and confirm with Continue.
In case of a manually created transaction directly in the WebApp, use your local time.
If the transaction is imported via CSV/Excel, use the standard exchange time UTC.
- Now enter the quantity and currency for the incoming asset.
If you received a gift, please enter the date when the sender bought the coins/tokens.
Tip: In the input fields for the currencies, you can enter the short name (BTC) or long name (Bitcoin) as a search term to narrow down the search of the displayed list. If your asset is not selectable, you can get more information here.
- Finally, click Create to complete the process and display the transaction in the Depot.
Note: If a Gift is created as a manual transaction in an Unsynced Depot, it will have a direct impact on the displayed asset balance of your depot.
If a Gift in an Exchange or Wallet Depot is created as a manual transaction, it will not directly affect the automatically and independently imported asset balance of your depot, but it will affect the final balance of your tax report.
How are fees considered for a received Gift?
Example: Gift Received of 1 BTC with 0.0001 BTC fee.
Fees are mostly considered on the withdrawal side, but can also occur on deposits.
Fees, if paid in the incoming asset, will be considered as follows:
- Case1: No additional fee on the deposit side.
Incoming Amount: Net transaction amount (amount excluding fees)
Fees Amount: Enter nothing or 0
- Case2: Additional fee on the deposit side.
"If the fee is paid in the incoming currency, the input must be increased by the amount of the fee. The fee will be treated as a separate outflow."
Incoming Amount: Net transaction amount (amount excluding fees) + fee amount
Fee Amount: Enter fee amount as well