After you reconcile your transactions in Awaken until a date, you may want to lock your tax reports. This will make it so that your tax numbers will not change. If you do want to change a past label or adjust a past number, you will have to unlock your reports.
There are a couple situations to note before using this feature:
As an example, let's say you lock your reports up until 01/01/2025. And you bought a Pudgy Penguin 12/15/2024 for $100. If you edit that Pudgy Penguin to have a basis of $200, it will not update anything. And if you then sell that Pudgy Penguin on 01/15/2025, it will still have the old cost basis of $100. So use this feature with caution as it will not mutate any of the changes you made to past transactions that may affect future sales that are after your lock period.
If you delete a wallet, even if your tax reports are locked data will be removed from Awaken! When you remove wallets we delete the transactions and the ledger underwriting it, so your numbers will change between recalculates if you do that. If you only edit specific transactions though, those numbers will not change.
Also, if you generate a tax report. Even if you change your wallets or transactions. That tax report will have the original data because we create the report from your data at the time that you press the "Generate Report" button. So once you get numbers that are what you expect, generate a report and that report will always stay the same (and you can save to your files). Those reports are always available at the bottom of your "Taxes" page.
This feature is currently in beta so if you notice an issue or have questions, just shoot us an email to team@awaken.tax.
Here is a walkthrough video on how it works: