If you activate full CryptoBooks AI error handling in your profile, or if you choose to only activate it on a specific connection from the error resolution flow, the differences will be fixed automatically.
In this article you can learn about the logic CryptoBooks AI uses to solve differences, depending on the type of transaction. These rules are applied only when you delegate error handling to the AI.
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Incoming Transactions
If the difference requires the creation of an incoming fix transaction, AI will set its price to 0,00.
This aligns with the fiscal rules of most countries, which require that if the acquisition price is unknown, it must be recorded as zero.
This approach is fiscally prudent because it ensures compliance and avoids using potentially inaccurate values.
It also means that, when the asset is eventually sold or disposed of, the entire selling price will be treated as capital gain.
The date of the incoming fix transaction will be set at the same moment of the first ever transaction of the token to be fixed on the Connection to be fixed.
Example: If your Binance connection needs an incoming fix for BTC and your first BTC transaction on Binance occurred on 24-09-2020, CryptoBooks AI will create the fix with fiat value zero and date 24-09-2020.
Outgoing transactions
Most of the outgoing transactions (sending tokens out of your wallet) cause the calculation of capital gain: CryptoBooks AI can't create an outgoing fix transaction with a 0.00 price, because this would always generate an artificial capital loss.
To remain fiscally prudent, CryptoBooks AI will create the outgoing fix transaction using the average price of the last 3 months of the token to be fixed.
The date of the outgoing fix transaction will be set to the current date.
Example: If your Binance connection needs an outgoing fix for ETH, CryptoBooks AI will create the fix with price equal to the average ETH price on the last 3 months and date today.